From Boeing to Detroit Three, US labor unions flex muscle
Changes headline, recasts paragraph 1, adds Boeing labor deal in paragraph 14
By Mrinalika Roy
Sept. 8 (Reuters) -U.S. planemaker Boeing <BA.N>has averted a possible strike after reaching a tentative labor deal with a union representing more than 32,000 workers in the U.S. Pacific Northwest, the latest in a series of labor negotiations that brought double-digit wage increases despite a tight labor market and stubborn inflation.
Here are some sectors and companies that faced tough negotiations in 2023:
MEDIA
Members of the Writers Guild of America (WGA) approved a new three-year contract with major studios on Oct. 9. Film and television writers had walked off the job in May over compensation, staffing and residual payments, among other issues. They returned to work on Sept. 27 after negotiators reached a tentative agreement.
Hollywood actors reached a tentative agreement with major studios on Nov. 8 to resolve the second of two strikes that rocked the entertainment industry as writers and performers demanded higher pay in the streaming TV era.
Valued at more than $1 billion, the three-year contract includes increases in minimum salaries and a new bonus paid by streaming services, the union said.
AUTOMOTIVE
General Motors GM.N, Ford F.N and Chrysler-owner Stellantis STLAM.MI ratified deals with United Auto Workers (UAW) members in November.
The UAW said on Nov. 15 that about 3,900 of its members working at Mack Trucks ratified a new five-year contract, ending a month-long strike at the Volvo Group VOLVb.ST-owned company.
PARCEL DELIVERY
Teamsters union workers at United Parcel Service UPS.N ratified a new five-year contract in August, a deal that raises pay, eliminates a two-tier wage system for drivers, provides another paid holiday and ends forced overtime.
FedEx FDX.N pilots have been involved in a standoff with the parcel delivery firm over wages and legacy pensions. Pilots rejected a tentative deal in July and negotiations are ongoing.
AIRLINES & AEROSPACE FIRMS
Boeing BA.N reaches a tentative labor agreement with a union representing more than 32,000 workers in the U.S. Pacific Northwest, potentially averting a strike.
Pilots at several airlines including American Airlines AAL.O, Delta Air Lines DAL.N, United Airlines Holdings UAL.O, Spirit Airlines SAVE.N and Jetblue Airways JBLU.O negotiated new job contracts this year.
Members of some unions like the Southwest Airlines Pilots Association have voted to authorize a strike if a new contract is not reached.
Spirit AeroSystems SPR.N negotiated a new contract to end a strike that led to a week-long work stoppage at its plant in Wichita, Kansas.
MANUFACTURING
U.S. steel producer Cleveland-Cliffs CLF.N has reached a tentative agreement with the United Steelworkers union on a new three-year labor agreement for its Northshore mining operations.
U.S. Steel X.N, which is reviewing multiple proposals ranging from partial acquisition to an entire buyout, is embroiled in a tussle with the United Steelworkers union. The company's unionized workers say they essentially have the power to veto any transaction they do not approve of.
CONSUMER & RETAIL
In Las Vegas, thousands of workers reached agreements with casino operators and resorts Caesars Entertainment CZR.O, MGM Resorts MGM.N and Wynn Resorts WYNN.O in November to avoid strikes that could have crippled tourism in the city.
The Detroit Casino Council reached a tentative agreement for a new contract covering 3,700 workers at MGM Grand Detroit operated by MGM Resorts MGM.N, Hollywood Casino at Greektown operated by Penn PENN.O and MotorCity Casino on Nov. 17.
The Detroit Casino Council had called the first strike in its history last month after negotiations that had begun in the summer did not yield a new contract.
More than 3,000 workers at more than 150 Starbucks SBUX.O stores in the U.S. held strikes in June, following claims the company had banned Pride Month decorations at some of its cafes. nL4N38F1SO
Workers at hundreds of Starbucks stores walked off their jobs during a key promotional event on Nov. 16, demanding improved staffing and schedules.
Thousands of Los Angeles-area hotel staffers went on a three-day strike in July over improved wages, benefits and working conditions. Union leaders representing the workers have threatened further walkouts.
HEALTHCARE
Kaiser Permanente's healthcare workers voted to ratify a new contract with the hospital chain on Nov. 9, ending a months-long negotiation that resulted in the largest recorded strike in the U.S. medical sector.
More than 7,000 nurses went on a three-day strike in New York City over staffing levels and pay hikes in January.
Workers at CVS Health CVS.N and Walgreens Boots Alliance WBA.O announced a three-day walkout from Oct. 30, dubbed "Pharmageddon", to improve working conditions and add more staff.
CANNABIS
Unions representing cannabis workers have also increased pressure on companies in the sector this year.
Workers at Green Thumb Industries' GTII.CD Chicago-area RISE dispensaries went on a 13-day unfair labor practices (ULP) strike in April, which was the longest ULP strike at a cannabis retailer in U.S. history.
Labor unions secured new contract agreements at multistate operator-owned cannabis dispensaries in Illinois and in New Jersey in July.
ENERGY
Unionized workers at Phillips 66's PSX.N refinery in Roxana, Illinois, ratified a contract with the refiner in late-stage negotiations, averting a potential strike.
The union had been in talks with the refiner since summer, when it rejected a company proposal and sought additional benefits for holiday and vacation hours and pay, among other improvements.
Reporting by Mrinalika Roy in Bengaluru, additional reporting by Seher Dareen and Sourasis Bose; Editing by Sriraj Kalluvila, Eileen Soreng, Pooja Desai, Shounak Dasgupta and Aurora Ellis
Asset collegati
Ultime news
Disclaimer: le entità di XM Group forniscono servizi di sola esecuzione e accesso al nostro servizio di trading online, che permette all'individuo di visualizzare e/o utilizzare i contenuti disponibili sul sito o attraverso di esso; non ha il proposito di modificare o espandere le proprie funzioni, né le modifica o espande. L'accesso e l'utilizzo sono sempre soggetti a: (i) Termini e condizioni; (ii) Avvertenza sui rischi e (iii) Disclaimer completo. Tali contenuti sono perciò forniti a scopo puramente informativo. Nello specifico, ti preghiamo di considerare che i contenuti del nostro servizio di trading online non rappresentano un sollecito né un'offerta ad operare sui mercati finanziari. Il trading su qualsiasi mercato finanziario comporta un notevole livello di rischio per il tuo capitale.
Tutto il materiale pubblicato sul nostro servizio di trading online è unicamente a scopo educativo e informativo, e non contiene (e non dovrebbe essere considerato come contenente) consigli e raccomandazioni di carattere finanziario, di trading o fiscale, né informazioni riguardanti i nostri prezzi di trading, offerte o solleciti riguardanti transazioni che possano coinvolgere strumenti finanziari, oppure promozioni finanziarie da te non richieste.
Tutti i contenuti di terze parti, oltre ai contenuti offerti da XM, siano essi opinioni, news, ricerca, analisi, prezzi, altre informazioni o link a siti di terzi presenti su questo sito, sono forniti "così com'è", e vanno considerati come commenti generali sui mercati; per questo motivo, non possono essere visti come consigli di investimento. Dato che tutti i contenuti sono intesi come ricerche di investimento, devi considerare e accettare che non sono stati preparati né creati seguendo i requisiti normativi pensati per promuovere l'indipendenza delle ricerche di investimento; per questo motivo, questi contenuti devono essere considerati come comunicazioni di marketing in base alle leggi e normative vigenti. Assicurati di avere letto e compreso pienamente la nostra Notifica sulla ricerca di investimento non indipendente e la nostra Informativa sul rischio riguardante le informazioni sopra citate; tali documenti sono consultabili qui.
