Streetbeat News

Labor Issues

EWG

Germany's unemployment rate for September remained steady at 5.7%, in line with estimates.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 7:56 am

EWG

Germany's unemployment change for September was 10K, lower than the estimated 15K and the prior 18K.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 7:55 am

GM

STLA

Tensions have escalated in the ongoing United Auto Workers (UAW) strike, with automakers alleging violence and misrepresentation. Stellantis NV (STLA) accused the UAW of misrepresenting incidents involving non-replacement employees and reported an increase in threatening and violent behavior from UAW picketers. Meanwhile, General Motors Co (GM) reported confrontations, intimidation with firearms, and hit-and-run incidents involving union members.

Portfolio Pulse from Benzinga Neuro

September 29, 2023 | 6:53 am

ASTL

Algoma Steel has announced that its operations have run in line with expectations in Q2. The company is closely monitoring the evolving UAW Union's work stoppages and their impact on steel markets. It expects total steel shipments for the fiscal 2024 second quarter to be in the range of 540,000 to 550,000 tons.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 9:36 pm

FYBR

Members of the Communications Workers of America (CWA) have ratified a new union contract with Frontier Communications (FYBR).

Portfolio Pulse from Charles Gross

September 28, 2023 | 9:14 pm

TSLA

The U.S. Equal Employment Opportunity Commission (EEOC) is suing Tesla, Inc. (NASDAQ:TSLA) for allegedly allowing widespread racist harassment of Black workers and retaliating against those who challenged the harassment. This is not the first such lawsuit against Tesla. Despite a mandatory conciliation process with the EEOC, the issue was not resolved, leading to the current lawsuit.

Portfolio Pulse from Ryan Gustafson

September 28, 2023 | 8:32 pm

PTCT

PTCT Therapeutics has announced a strategic prioritization and associated reduction in workforce. The company is also planning to submit a re-examination request for Translarna CHMP opinion.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 8:31 pm

NXL

Marilyn Elson, the CFO of Nexalin Technology, has submitted her resignation, which will be effective from November 1, 2023, according to a filing.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 8:24 pm

STER

Peter Walker, the Executive Vice President and CFO of Sterling Check Corp, has notified the company of his resignation, effective from November 10, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 8:11 pm

MGM

Workers at Detroit's casinos, including MGM Grand Detroit, Motorcity Casino, and Hollywood at Greektown, are voting to authorize potential strikes for new union contract negotiations.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 8:00 pm