Labor & Economic News Blog
Thursday, November 30, 2006
USA: Firms worry over sick workers in the officeUSA: Firms worry over sick workers in the office
Are you the kind of employee who drags yourself to work no matter how lousy you're feeling?
American says no to pilots' requestsAmerican says no to pilot's
American Airlines, the world's largest carrier, rejected most of the contract changes proposed by its pilots union to resolve a standoff over flying a new route between Beijing and Dallas.
Colombia fears change in trade efforts by U.S.Colombia fears change in trade efforts by U.S.
At the CI Jeans factory, where 3,900 people make their living turning bolts of denim into trousers bound for the United States, the American market " land of the customer" appears to be slipping away.
Nine unions at Philly papers extend talksNine unions at Philly papers extend talks
The Newspaper Guild of Greater Philadelphia, which represents more than 900 editorial and other workers, was threatening to strike if it cannot reach an agreement with management before midnight.
Report cites lack of details on 401(k) plan feesReport cites lack of details on 401(k) plan fees
Participants in 401(k) plans may be losing thousands of dollars in retirement savings because of sponsor fees, a report said today, in urging investors be given a clearer picture of the fees they pay.
Airline merger buzz has unions waryAirline merger buzz has unions wary
Airline union leaders are keeping a wary eye out as merger speculation swirls, but they're reluctant to say how they'd react in the event of a takeover. The talk began in earnest earlier this month when US Airways made an offer to buy Delta Air Lines.
Mesaba unions ratify cost-cutting contractsMesaba unions ratify cost-cutting contracts
Ending more than a year of bruising concessionary talks, Mesaba Airlines pilots, flight attendants and mechanics ratified tentative contract agreements that reduce labor costs by 15.8 percent over four years and keep the regional carrier flying.
For some at Ford, it's a matter of weeksFor some at Ford, it's a matter of weeks
The last day on the job could come as early as Dec. 14 for at least a third of Ford Ranger workers. A Ford Motor Co. spokeswoman confirmed Tuesday that one shift at the St. Paul plant will be eliminated Jan. 2. About 600 to 700 workers could be out the door then. Many workers are assuming their last day will be Dec. 14 because the plant will go on furlough and then a holiday break.
NWA strike appeal arguedNWA strike appeal argued
The union representing flight attendants at Northwest Airlines asked an appeals court Tuesday to overturn a judge's ruling and allow them to go on strike.
Arizona strike could squeeze Raytheon profitArizona strike could squeeze Raytheon profit
By Robert Weisman, Globe Staff
A strike by 1,500 workers has stretched into its fourth week at Raytheon Co.'s missile business, and analysts warn it could slow deliveries and pinch fourth-quarter profits for the Waltham company.
Delta says pilot recall shows recovery is progressingDelta says pilot recall shows recovery is progressing
Delta Air Lines says it's bringing back another wave of idled employees — this time 200 pilots — as its recovery plan proceeds despite a takeover attempt by US Airways. Delta, which has also recently announced recalls of hundreds of flight attendants, mechanics and other employees in coming months, said Wednesday it plans to gradually call the pilots back to training classes starting in January. The move comes as US Airways is expected to present its case this week to Delta executives and bankruptcy creditors for an $8.6 billion unsolicited merger proposal. The Wall Street Journal reported Wednesday night that the meeting will be today.
Generation I.O.U., the Economics of the YoungGeneration I.O.U., the Economics of the Young
Roughly two thirds of young people have some form of debt, and the extra financial burden has made it harder for young people to save for retirement. Guests discuss why some eighteen to thirty-four year olds are financially biting off more than they can chew.
Pfizer Cutting 2,000 Sales Jobs in the U.S.Pfizer Cutting 2,000 Sales Jobs in the U.S.
Drug maker Pfizer is cutting 20 percent of its U.S. sales force, in what it calls "a review" of its operations. The cuts should add up to about 2,200 jobs. Industry analysts say the job cuts are overdue and are the result of a declining market for the company.
Marketplace: 38,000 Ford Workers Take BuyoutsMarketplace: 38,000 Ford Workers Take Buyouts
Ford has announced that 38,000 employees have accepted buyouts or early retirement offers, which the company hopes will help its financial restructuring efforts. Mike Pesca speaks with Marketplace's Amy Scott about the news.
Small Business: Health Care at a PremiumSmall Business: Health Care at a Premium
By EVE TAHMINCIOGLU
Experts say rising health insurance costs are causing problems for start-ups and keeping some would-be entrepreneurs from starting businesses.
Newspaper pension freeze rejectedNewspaper pension freeze rejected
A standoff over pension funding at the St. Paul Pioneer Press escalated this week when the paper's largest union said it would not agree to a company proposal to revamp the retirement plan.
Wal-Mart workers appear in ads faulting its practicesWal-Mart workers appear in ads faulting its practices
By Associated Press
A union-backed group is to launch two television ads today that feature Wal-Mart workers calling on their employer to improve working conditions and make company health insurance more affordable.
Hale workers, sick citiesHale workers, sick cities
MUNICIPAL UNIONS should raise a holiday toast to gullible Massachusetts taxpayers for their willingness to absorb disproportionate pain from increases in health insurance costs. Bostonians, for example, sit by passively while city workers, who pay just 10 percent of premium costs for their HMO coverage, gobble up nearly half of the annual increase in the city's operating budget.
Off-the-job smoker sues over firingOff-the-job smoker sues over firing
By Sacha Pfeiffer, Globe Staff
A Buzzards Bay man has sued The Scotts Co. , the lawn care giant, for firing him after a drug test showed nicotine in his urine, indicating that he had violated a company policy forbidding employees to smoke on or off the job.
Jobless claims climb to 357,000 last week (Reuters)Jobless claims climb to 357,000 last week (Reuters)
Reuters - The number of U.S. workers applying for jobless benefits rose a higher-than-expected 34,000 to a seasonally adjusted 357,000, according to a government report on Thursday.