Streetbeat News

Labor Issues

F

HMC

TM

TSLA

Ford's Executive Chairman, Bill Ford, has commented on the ongoing UAW strike, stating that the company is at a crossroads. He also mentioned that competitors Toyota, Honda, and Tesla are benefiting from the strike.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 2:07 pm

STRM

Streamline Health Solutions Inc (STRM) announced a strategic restructuring to cut expenses, which includes reducing their workforce by 24% and incurring a one-time restructuring cost of $0.8 to $1.2 million. The company also received a termination notice from a legacy client with $4.5 million in annualized revenue. As a result, STRM has suspended previous guidance and plans to provide updates with their fiscal third-quarter 2023 financial results.

Portfolio Pulse from Henry Khederian

October 16, 2023 | 12:56 pm

STRM

Streamline Health is implementing a strategic restructuring that includes a reduction in force of 26 employees, approximately 24% of its workforce. The restructuring is aimed at reducing expenses and preserving cash while maintaining the company's ability to expand its high-margin SaaS business. Benjamin Stilwill has been named as the new CEO.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 11:08 am

NEM

Newmont Corporation has reported the end of a strike at its Peñasquito Mine in Mexico. The agreement between Newmont and the Union was approved by the Mexican Labor Court on October 13, 2023, thus ending the strike.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 10:31 am

F

GM

Canadian workers' union Unifor ratified a new agreement with General Motors Co (NYSE:GM) and Ford Motor Co (NYSE:F). The three-year agreement includes a base hourly wage increase of up to 25% and improvements to pension plans. The agreement comes amidst the ongoing United Auto Workers (UAW) union’s strike in the U.S. which has been ongoing for a month with no end in sight.

Portfolio Pulse from Anan Ashraf

October 16, 2023 | 4:49 am

AMZN

Amazon.com, Inc (NASDAQ: AMZN) posted a job listing for a 'director of security engineering' role associated with 'Project Panda', which was quickly addressed as an error by a company spokesperson. The term 'opportunistic' in the listing led to speculations about Amazon's recruitment strategies. The company has been under scrutiny for its employment decisions, especially after laying off 27,000 employees over the past year due to over-hiring during the post-pandemic boom.

Portfolio Pulse from Bibhu Pattnaik

October 15, 2023 | 1:56 pm

LUV

Teamsters Union has announced a 3-year extension agreement that includes a 10% wage increase effective immediately. The agreement also includes mandatory 4% company-funded 401(K) contributions with an additional matching component.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 8:45 pm

LUV

Material Specialists at Southwest Airlines have ratified a Teamster contract. The agreement covers over 500 workers who provide supplies and other support services to the fleet maintenance team.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 8:44 pm

DGX

Route service representatives at Quest Diagnostics in Tucker have voted to join the International Brotherhood of Teamsters Local 728.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 8:40 pm

F

Ford Motor Company (F) has announced a temporary reduction in shifts at its Michigan electric vehicle plant due to multiple constraints. The company will cut one of three shifts at the plant, potentially affecting production rates.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 7:51 pm