Streetbeat News

Labor Issues

STLA

Stellantis is set to indefinitely lay off 1,100 workers at its Jeep plant in Ohio due to high inventory levels and lower earnings. This move reflects the company's ongoing challenges in managing production and financial performance.

Portfolio Pulse from

November 06, 2024 | 8:45 pm

STLA

Stellantis is laying off 1,100 workers at its Jeep Gladiator plant in Toledo, Ohio, to improve efficiency and reduce inventory in North America.

Portfolio Pulse from

November 06, 2024 | 8:30 pm

LYFT

UBER

Massachusetts has become the first state to allow Uber and Lyft drivers to unionize, marking a significant development in the ongoing debate over the employment status of ride-share drivers.

Portfolio Pulse from

November 06, 2024 | 7:15 pm

LYFT

UBER

Uber and Lyft drivers in Massachusetts have won the right to unionize through a state ballot measure. This is a first in the U.S., but there are concerns it might prevent drivers from achieving full-time employment status.

Portfolio Pulse from

November 06, 2024 | 6:30 pm

KTCC

Key Tronic (KTCC) reported a year-over-year increase in earnings for Q1, despite a decline in revenues. The earnings boost was attributed to cost savings from workforce reductions and a favorable exchange rate with the Mexican Peso.

Portfolio Pulse from

November 06, 2024 | 6:00 pm

BA

Boeing's stock has not seen an increase despite the end of a strike and the conclusion of the presidential election. This indicates that other factors may be influencing its stock price.

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November 06, 2024 | 4:30 pm

CVS

UNH

CVS Health has appointed Steve Nelson, a former UnitedHealth executive, to lead its Aetna insurance unit. This move comes after CVS preannounced an earnings miss due to rising medical costs in the third quarter.

Portfolio Pulse from

November 06, 2024 | 12:00 pm

LOCO

El Pollo Loco faces declining traffic due to limited menu innovation and higher prices, despite maintaining positive comparable sales through price increases and mix improvements. The company achieved cost efficiency and margin growth but struggles with labor cost inflation and competition in California.

Portfolio Pulse from

November 06, 2024 | 11:45 am

VWAGY

Workers at Volkswagen's Osnabrueck plant are conducting warning strikes due to concerns over pay and potential plant closure as part of the company's restructuring plans.

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November 06, 2024 | 9:00 am

NYT

New York Times tech workers crossed the picket line during a tech strike focused on remote work, pay equity, and subcontracting limits.

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November 06, 2024 | 12:30 am