Ssangyong enters receivership

Filed under: China, Hirings/Firings/Layoffs, Earnings/FinancialsCould it be too late for Ssangyong? Shanghai Automotive Industry Corp. (SAIC) ... sales have fallen a whopping 50%, money was clearly tight. With the global economic crisis, credit was evidently unavailable to pay workers and new negotiations with the unions weren't going anywhere [more...]

Date: 2009-01-09 22:29:00

Blog posts (7) | Videos (3)
 

10 governors sign letter opposing union-endorsed, anti-worker, pro-bullying law; Sebelius not one of them

10 Republican governor's signed the following letter regarding proposed "card check" legislation that is supported by every major American union, and that Obama is expected to sign (credit to Club for Growth). The mis-named "Employee Free Choice Act" would take away workplace rights that workers have enjoyed for decades. The Honorable Harry [more...]

Date: 2009-01-15 14:01:00

One more reason California is circling the drain

Institutional malfeasance? As regular state workers braced for unpaid two-day-a-month furloughs, ... . The deal provided two years of extra service credit to anyone who was at least 50 years old ... why the public isn't taking the state's budget crisis seriously or why state worker unions seem [more...]

Date: 2009-01-15 14:29:02

Back to School to Learn Labor History

Back to School to Learn Labor History by James Parks, Jan 5, 2009 Photo credit: Labor Arts Inc. ... history in our classrooms. With the key protections for workers unions have gained under attack [more...]

Date: 2009-01-05 14:00:35

Madoff's ponzi scheme tax losses and union workers' home losses

Wall Street has not had a good year (and of course, the taxpayers have borne the brunt of the resulting chaos).  Credit default swaps, for several years the darlings of the industry, have become a giant albatross around taxpayers' necks, especially through the AIG bailout [more...]

Date: 2008-12-25 16:11:40

Unions welcome jobs action but want more to curb banks

by Chris McLaughlin UNION leaders gave a qualified welcome to the Government’s “bold and pro-active” jobs initiatives this week but called on ... a £20 billion loan guarantee scheme aimed at filling a business credit gap caused by the banks’ ... financial restructuring” of car manufacturers whose bosses and workers have called on the Government [more...]

Date: 2009-01-15 23:55:25

Hundreds of Union Members to March in Inaugural Parade

Hundreds of Union Members to March in Inaugural Parade by James Parks, Jan 14, 2009 Photo credit: Proof Productions ... and Health Care for All. The overall theme of the labor float is “Honoring America’s Workers.” [more...]

Date: 2009-01-14 19:10:05

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