Labor economy

United Auto Workers President Shawn Fain gestures in solidarity with striking workers during a rally at UAW Local 551 on Saturday, Oct. 7, 2023, in Chicago. John J. Kim | Tribune News Service | Getty ImagesDETROIT – United Auto Workers President Shawn Fain wants to expand the union's battle from the Detroit automakers to Tesla, Toyota Motor and other non-unionized automakers operating in the U.S.The outspoken leader plans to use record contracts recently won after contentious negotiations and U.S. labor strikes with…

United Auto Workers (UAW) members strike at a General Motors assembly plant that builds the U.S. automaker's full-size sport utility vehicles, in another expansion of the strike in Arlington, Texas, October 24, 2023.James Breeden | ReutersDETROIT – General Motors plans to invest roughly $13 billion in U.S. facilities by April 2028, the United Auto Workers union said as part of its recent tentative agreement with the automaker.GM has already announced some of the planned investments such as $4 billion at Orion Assembly in…

Members of the United Auto Workers union picket outside the Michigan Assembly Plant in Wayne, Michigan, on Sept. 26, 2023.Matthew Hatcher | AFP | Getty ImagesDETROIT – Union members at Ford Motor approved a tentative agreement Friday, concluding contentious contract negotiations between the United Auto Workers and Detroit automakers.UAW-Ford workers were the last of the Detroit automakers to ratify their pact after General Motors workers narrowly approved an agreement Thursday and Stellantis workers supported their…

United Auto Workers members rally outside Stellantis' Ram 1500 plant in Sterling Heights, Michigan, after the union called a strike at the plant on Oct. 23, 2023.Michael Wayland / CNBCDETROIT – United Auto Workers members at Chrysler owner Stellantis have ratified a new labor contract following a historically contentious round of bargaining between the union and company, according to preliminary results posted Friday by the union.The deal is the second this week for the Detroit automakers. A deal with General Motors…

United Auto Workers members strike the General Motors Lansing Delta Assembly Plant on September 29, 2023 in Lansing, Michigan. Bill Pugliano | Getty ImagesDETROIT – General Motors union workers ratified a record deal with the United Auto Workers after a contentious final few days of voting, according to results posted Thursday morning by the union.Much like the negotiations themselves, voting was not as smooth as many thought it would be. A majority of the Detroit automaker's large assembly plants rejected the pact,…

Members of a recently formed union of Starbucks workers hold a rally to celebrate the first anniversary of their founding, December 9, 2022 in New York City.Andrew Lichtenstein | Corbis News | Getty ImagesStarbucks workers in New York City have filed 14 more complaints alleging that the coffee giant violated the city's labor laws.New York's Fair Workweek law says that employers have to give their workers regular schedules from week to week, 14 days notice of their scheduled hours and extra pay for shift changes, among…

DETROIT – Voting by United Auto Workers members is going down to the wire on a tentative deal with General Motors that ended roughly six weeks of labor strikes.A majority of UAW members at several major GM plants voted against the pact in recent days, but approval Wednesday morning by a large SUV plant in Arlington, Texas, gave the deal a needed lifeline, with roughly 60% of production workers and 65% of skilled trades union workers voting in favor of the pact.Prior to the end of voting at the Texas plant, the agreement…

Jane Fraser, CEO of Citigroup Inc., during an interview for an episode of "The David Rubenstein Show: Peer-to-Peer Conversations" at the Economic Club of Washington in Washington, D.C., March 22, 2023.Valerie Plesch | Bloomberg | Getty ImagesCitigroup will soon begin layoffs in CEO Jane Fraser's corporate overhaul, CNBC has learned.Employees affected by the cuts will be informed starting Wednesday, with new dismissals announced daily through early next week, according to people with knowledge of the situation.The move…

UAW members attend a rally in support of the labor union strike at the UAW Local 551 hall on the South Side on October 7, 2023 in Chicago, Illinois. Jim Vondruska | Getty ImagesDETROIT – The United Auto Workers achieved record contracts with the Detroit automakers following contentious talks and roughly six weeks of targeted labor strikes. But not all of the union's members are satisfied with the tentative agreements.The deals, which were recommended for ratification by UAW leaders, are each currently on pace to pass. Yet…

Carlos Tavares, Chief Executive Officer of Stellantis, poses during a presentation at the New York International Auto Show, in Manhattan, New York City, April 5, 2023.David Dee Delgado | ReutersDETROIT – Chrysler-parent Stellantis is offering buyouts to roughly half of its U.S. white-collar employees to reduce headcount and cut costs for the automaker's North American operations.The voluntary separation packages will be offered to 6,400 of its 12,700 non-bargaining unit U.S. employees, the company said Monday."As the U.S.…