Word: laboring
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Chrysler LLC has warned the Canadian government and the Canadian Auto Workers (CAW) union that it will close its assembly operations north of the border unless it gets $2.3 billion in loans from Ottawa, a 25% reduction in labor costs and a waiver on more than $1 billion in taxes owed...
Chrysler's demand that the CAW slash labor costs by 25% caught the industry by surprise because it breaks with the time-honored tradition of pattern bargaining - in which an agreement by one of the automakers with the union sets the pattern for the others. Earlier this week the CAW gave up a special annual bonus and agreed to a reduction in paid time off in reaching a deal with General Motors. But that deal was criticized by some in the industry as insufficient. Indeed, Ford Motor Co. said Friday it will also reject the GM-CAW deal...
Former Secretary of Labor Elaine Chao discussed possible career options with students last night at the Institute of Politics. The event was part of the IOP Internships Program’s effort to allow students to speak to people with careers in politics and public service. The Office of Career Services co-sponsored the event. “I don’t see a lot of immigrants in the public service sector,” said Y. John Mei ’12, pointing to the similarities between his own background and Chao?...
...talks have been held in parallel to negotiations orchestrated by Senator Edward M. Kennedy, chairman of the Health, Education, Labor and Pensions (HELP) Committee, which has principally involved outside groups like insurers, doctors, labor and big business. Aides to the bipartisan group of lawmakers, citing the delicacy of the talks, provided no details of the potential agreement. However, the two main sticking points remain how to pay for a plan that some estimate could cost as much as $1 trillion and how to integrate a public, government-run plan into the private system, two aides say. (Read about Obama...
...Senate moves come as three House committees - Ways & Means, Energy & Commerce and Education & Labor - sent a letter to President Obama on Wednesday announcing their intention to work together to draft legislation. The cooperation among committees in both chambers is a break from the 1994 attempt at health-care reform, when committee infighting helped sink that effort. Both chambers have said they intend to see legislation reach the floor before the August recess, though many admit the tougher part will come when the differences between the two versions must be reconciled. "The House bill will be the high-water mark...