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
Ativos relacionados
Últimas notícias
Isenção de Responsabilidade: As entidades do XM Group proporcionam serviço de apenas-execução e acesso à nossa plataforma online de negociação, permitindo a visualização e/ou uso do conteúdo disponível no website ou através deste, o que não se destina a alterar ou a expandir o supracitado. Tal acesso e uso estão sempre sujeitos a: (i) Termos e Condições; (ii) Avisos de Risco; e (iii) Termos de Responsabilidade. Este, é desta forma, fornecido como informação generalizada. Particularmente, por favor esteja ciente que os conteúdos da nossa plataforma online de negociação não constituem solicitação ou oferta para iniciar qualquer transação nos mercados financeiros. Negociar em qualquer mercado financeiro envolve um nível de risco significativo de perda do capital.
Todo o material publicado na nossa plataforma de negociação online tem apenas objetivos educacionais/informativos e não contém — e não deve ser considerado conter — conselhos e recomendações financeiras, de negociação ou fiscalidade de investimentos, registo de preços de negociação, oferta e solicitação de transação em qualquer instrumento financeiro ou promoção financeira não solicitada direcionadas a si.
Qual conteúdo obtido por uma terceira parte, assim como o conteúdo preparado pela XM, tais como, opiniões, pesquisa, análises, preços, outra informação ou links para websites de terceiras partes contidos neste website são prestados "no estado em que se encontram", como um comentário de mercado generalizado e não constitui conselho de investimento. Na medida em que qualquer conteúdo é construído como pesquisa de investimento, deve considerar e aceitar que este não tem como objetivo e nem foi preparado de acordo com os requisitos legais concebidos para promover a independência da pesquisa de investimento, desta forma, deve ser considerado material de marketing sob as leis e regulações relevantes. Por favor, certifique-se que leu e compreendeu a nossa Notificação sobre Pesquisa de Investimento não-independente e o Aviso de Risco, relativos à informação supracitada, os quais podem ser acedidos aqui.
