Word: walkout
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...Teamster leader has picked a particularly tough time for a showdown. Even as Carey rallied the troops last week, it was clear that the Teamsters' finances were in no shape for a lengthy walkout. With the union's membership down from 2 million a decade ago to 1.4 million today, its strike fund is thinner than a picket sign. Strikers, some of whom have been pulling down $50,000 a year, can count on benefits of only $55 a week...
...back, won't be stepping up to this plate any time soon. It's enough to make you go back to the U.S. Postal Service. First a FedEx jet crashes and burns to a crisp in Newark, leaving all packages on board well done. Now a United Parcel Service walkout has managers handling a small fraction of usual deliveries, as the stalemate becomes a stage for the Labor vs. Corporate America battle over the use of part-time workers to cut costs and stay competitive in the way-new global economy...
...after negotiations between the delivery giant and the Teamsters union continued past a strike deadline. Teamsters President Ron Carey said today that union workers would remain on the job as long as the two sides continue to talk. A federal mediator restarted the negotiations last night, averting a widespread walkout. The dispute centers on the Teamsters' insistence on a multi-employer pension pool, rather than a less-secure plan covering only UPS employees. The Teamsters are also pressing management to increase pay, limit subcontracting and create more full-time jobs. If the talks break down again, millions of parcels across...
DETROIT: General Motor's labor woes continued as the United Auto Workers went on strike today at a key plant which manufactures transmission for most GM vehicles made in North America. The walkout, the sixth this year, involves 2,800 member of UAW Local 909 from the automaker's Warren, Michigan facility. The workers are upset at company plans to transfer wheel-making operations from the Warren plant and replace them with work from the Buick City plant in Flint, which the automaker may shut down within months. Although talks are expected to resume today, GM officials fear that...
...walkout has kept supplies lean and prices strong despite a flood of metal from foreign firms and new mini-mills. Without Wheeling's 2.5 million tons of annual output, giants like the U.S. Steel Group of USX have been coming up with their best earnings gains in years. At U.S. Steel, profits nearly doubled in the first quarter...