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Labor Issues

TSLA

Tesla plans to lay off 693 employees in Nevada, according to a government notice cited by Reuters.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 8:25 pm

REPX

Riley Exploration Permian (REPX) announced the elimination of the positions of President and Executive Vice President. Bobby D. Riley will continue in his roles as CEO and Chairman of the Board. This decision was reported by Reuters, citing business intelligence sources.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 8:24 pm

AMC

AMC Entertainment Holdings Inc has announced that its Q2 box office results are expected to continue being negatively impacted by the ongoing Hollywood strikes throughout 2023. This statement suggests potential challenges in revenue generation for the company during this period.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 8:21 pm

GATX

Unifor Local 21-A's bargaining committee has successfully reached a four-year tentative collective agreement with GATX Rail Canada in Red Deer, Alberta, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 7:25 pm

BA

Boeing has completed the acquisition of GKN Aerospace's St. Louis site, ensuring the continued production and maintenance of essential components for the F/A-18 and F-15 programs. The deal includes the transfer of approximately 550 GKN employees to Boeing, though financial specifics of the transaction were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 6:13 pm

SBUX

Starbucks and the Workers United union have made progress in their negotiations and plan to meet again in late May to continue discussions. This development suggests a positive move towards resolving their differences.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 4:40 pm

CVS

Pharmacy professionals at CVS Omnicare in Las Vegas have voted overwhelmingly to form a union with the Pharmacy Guild, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 4:11 pm

GM

General Motors plans to shut down its manufacturing operations in Colombia and Ecuador, according to Reuters. This move could have implications for the company's South American strategy and overall operational efficiency.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 3:38 pm

SBUX

Starbucks and Workers United engaged in a two-day contract bargaining session in Atlanta, Georgia, as reported by Reuters.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 2:57 pm