Streetbeat News

Labor Issues

STLA

The United Auto Workers (UAW) has filed federal labor charges against Stellantis, accusing the company of violating their contract, refusing to provide necessary information, and moving the production of the Dodge Durango out of the United States.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 6:50 pm

BA

Boeing shares are experiencing a decline following the company's decision to implement a hiring freeze.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 5:48 pm

AMZN

Amazon plans to return to pre-COVID office arrangements, reinstating assigned desks and a five-day in-office work week starting January 2, 2025, for U.S. HQ locations. Agile desk arrangements will continue in Europe.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 5:34 pm

AMZN

Amazon.com is focusing on improving its cost structure and operating margins by asking its S-Team organizations to increase the ratio of individual contributors to managers by at least 15% by the end of Q1 2025.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 5:32 pm

NWSA

News Corp is laying off 69 employees in New York City due to economic reasons, as per a WARN notice. This move reflects the company's response to current economic challenges.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 5:02 pm

SPY

White House Economic Adviser Brainard emphasized the importance of safeguarding progress in the U.S. labor market and noted that the U.S. economy has reached a crucial turning point in the fight against inflation. Inflation is nearing normal levels, but continued efforts are needed to address affordability and create opportunities for working families.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 4:36 pm

AAL

American Airlines is creating nearly 500 new aviation maintenance jobs, including over 385 licensed technician positions, across its maintenance bases in Charlotte, Pittsburgh, and Tulsa. This expansion is part of a broader effort to enhance maintenance capacity and capabilities.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 3:59 pm

BA

Boeing has announced a hiring freeze and cash preservation measures in response to an ongoing strike. This move is aimed at mitigating financial impacts and maintaining stability during the labor dispute.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 3:02 pm

AMZN

Amazon drivers in Queens, New York have joined the Teamsters Union, marking a significant development in labor relations for the company.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 2:51 pm

BBWI

TGT

Target Corp. plans to hire 100,000 seasonal employees despite anticipated slow holiday sales growth. The company aims to attract value-conscious shoppers with affordable holiday items and has raised its full-year profit forecast. Target's stock has rallied nearly 77% since last November.

Portfolio Pulse from Benzinga Neuro

September 16, 2024 | 1:28 pm