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Labor Issues

TRNS

Transcat announced that Mark Doheny will step down as COO effective immediately, and Mike West has been appointed as the new COO.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 2:19 pm

SU

Suncor Energy Inc's (NYSE:SU) subsidiary Syncrude Canada pleads guilty to a charge under the Occupational Health and Safety Act, agreeing to pay C$390,000 for failing to ensure worker safety after a fatal incident in 2021. This is part of a series of incidents that led to management changes at Suncor, influenced by pressure from activist investors. Despite this, Suncor reports no deaths or life-threatening injuries in 2023, with a significant reduction in lost-time injuries.

Portfolio Pulse from Lekha Gupta

April 09, 2024 | 11:42 am

TSLA

Tesla Inc's (NASDAQ:TSLA) CEO Elon Musk announced that the workers' strike in Sweden, initiated by the Swedish labor union IF Metall in late October, has ended. The strike aimed to pressure Tesla into negotiations for collective bargaining agreements. Despite Tesla's initial refusal to negotiate, IF Metall made a temporary concession in February to allow repairs of critically damaged vehicles until April 30. Musk expressed optimism about Tesla's operations in Sweden moving forward.

Portfolio Pulse from Anan Ashraf

April 09, 2024 | 11:37 am

TSLA

Tesla Inc (NASDAQ:TSLA) is hiring prototype vehicle operators in Texas, Florida, and Washington to improve self-driving performance. The roles are part of the vehicle data collection team. It's unclear which vehicle prototype, a self-driving robotaxi or a low-cost EV, these positions are for. Tesla plans to unveil its robotaxi on August 8, despite reports of canceling the low-cost EV project, which Elon Musk has denied.

Portfolio Pulse from Anan Ashraf

April 09, 2024 | 10:05 am

SSYS

Stratasys Ltd. (NASDAQ:SSYS) announced the appointment of Amir Kleiner as Chief Operating Officer, aiming to strengthen the connection between the Customer Success organization and the Operations and Supply Chain divisions. Kleiner, a 12-year veteran at Stratasys, has held various leadership roles and is expected to enhance customer experience and operational efficiency. He succeeds Yossi Azarzar, who is stepping down. The company emphasizes its 'Customer First' principle under Kleiner's leadership.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 8:33 pm

PGC

Peapack-Gladstone Financial Corporation (PGC) and its division Peapack Private are expanding into New York City, hiring Andrew F. Corrado and over 10 teams of commercial and private bankers. Corrado, with a rich background from Signature Bank, Flagstar Bank, and Capital One, aims to leverage his experience for Peapack Private's growth in Manhattan. The expansion capitalizes on the momentum from last year's successful move into NYC, aiming to align client goals with Peapack Private's customized banking solutions.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 8:21 pm

PEV

Phoenix Motor Inc announced the resignation of J. Mark Hastings as CFO, effective April 10, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 8:14 pm

NPAB

James Bradley has resigned as CFO of New Providence Acquisition Corp II, according to an SEC filing on April 2.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 8:11 pm

HOG

Harley-Davidson has successfully ratified new collective bargaining agreements with three Unions representing its Wisconsin manufacturing facilities' employees. This agreement underscores the positive relationship between the company and its unions, according to Harley-Davidson's CEO, Jochen Zeitz.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 7:57 pm

JPM

JPMorgan Chase CEO Jamie Dimon highlighted the transformative potential of artificial intelligence (AI) in his annual letter, comparing its impact to historical inventions like the printing press and steam engine. He noted JPMorgan's active use of AI and machine learning in over 400 use cases across various business areas, emphasizing the technology's role in enhancing operations, employee productivity, and customer service. Dimon expressed optimism about AI's ability to augment jobs and potentially change workforce composition, despite acknowledging possible job reductions in certain areas.

Portfolio Pulse from Chris Katje

April 08, 2024 | 7:19 pm