Streetbeat News

Labor Issues

MAMO

Massimo Group (NASDAQ: MAMO) has enhanced its production efficiency by 50% with advanced robotic technology, launching new T-Boss 560L and 760L models. This move aims to reduce manual handling, minimize labor, and improve worker safety, preparing for a strong 2025.

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December 23, 2024 | 1:45 pm

SBUX

Starbucks is facing a significant challenge as worker strikes have expanded from three cities to nine states, potentially impacting holiday operations.

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December 23, 2024 | 1:30 pm

SAPIF

Saputo Inc. announced that Frank Guido is stepping down as COO for personal reasons. Carl Colizza, the current President and CEO, will take over the COO duties on an interim basis.

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December 23, 2024 | 12:45 pm

VWAGY

Volkswagen shares dropped by 3% due to market uncertainty surrounding a cost-cutting deal with unions and potential challenges in 2025.

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December 23, 2024 | 11:30 am

NSANY

Nissan and Honda have officially started merger talks, potentially creating the world's third-largest automaker with ¥30 trillion in sales. Meanwhile, Volkswagen has reached an agreement with labor unions to cut €4 billion annually, preventing further strikes.

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December 23, 2024 | 9:45 am

SBUX

Starbucks workers have expanded their strike to four additional US cities, including New York, as announced by the union representing over 10,000 baristas.

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December 23, 2024 | 3:00 am

SBUX

Starbucks workers have expanded their strike to additional U.S. cities, including New York, as part of ongoing labor disputes. The union represents over 10,000 baristas.

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December 22, 2024 | 6:45 am

STLA

Stellantis has reversed its decision to lay off 1,100 employees at an Ohio Jeep plant, opting instead to extend a worker adjustment and retraining notification notice.

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December 22, 2024 | 1:45 am

AMZN

Amazon workers at the JFK8 Fulfillment Center in Staten Island have joined a nationwide strike demanding higher wages, better benefits, and improved working conditions. This strike occurs during the busy holiday season, potentially impacting Amazon's operations.

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December 22, 2024 | 12:45 am

AMZN

Amazon warehouse workers in New York City have joined a protest initiated by delivery drivers. The union aims to increase pressure on Amazon by involving employees from the Staten Island warehouse.

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December 21, 2024 | 4:30 pm