Streetbeat News

Labor Issues

BA

Boeing Co (NYSE:BA) is set to lay off 438 union members as part of a broader plan to cut 17,000 jobs, or 10% of its workforce. This move is in response to financial challenges, regulatory restrictions, and the impact of a recent machinists' strike.

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November 18, 2024 | 8:15 am

HNHPF

Foxconn, an Apple supplier, has instructed its recruitment agents in India to remove age, gender, marital status, and the manufacturer's name from job advertisements for iPhone assembly workers.

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November 18, 2024 | 4:15 am

TECK

Teck Resources Limited has been recognized as one of Canada's Top 100 Employers for the eighth consecutive year, highlighting its exceptional human resource programs and innovative workplace policies.

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November 15, 2024 | 11:45 pm

XOM

Exxon Mobil (XOM) has announced plans to restructure its workforce and implement cost-saving measures following its acquisition of Pioneer Natural Resources.

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November 15, 2024 | 9:00 pm

GM

General Motors (GM) is cutting 1,000 white-collar jobs as part of a cost-cutting strategy to focus on its top priorities, including the transition to electric vehicles. This move reflects the challenges automakers face in adapting to the EV market.

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November 15, 2024 | 7:00 pm

GM

General Motors is laying off nearly 1,000 workers in the U.S. as part of a cost-cutting strategy, following a previous reduction of 1,000 software jobs three months ago.

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November 15, 2024 | 4:30 pm

LMT

Lockheed Martin (LMT) is experiencing solid order growth and strong international demand for its products, despite facing a skilled labor shortage.

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November 15, 2024 | 2:45 pm

BA

U.S. industrial output has declined for the second consecutive month, with a 0.3% drop following a 0.5% decrease in the previous month. This decline is attributed to the Boeing strike and recent hurricanes.

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November 15, 2024 | 2:45 pm

GM

General Motors (GM) has laid off approximately 1,000 employees as part of a reorganization and cost-cutting effort in response to changing market conditions. The layoffs were communicated via email to the affected employees.

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November 15, 2024 | 2:30 pm

FCEL

FuelCell Energy announced a global restructuring plan that includes a 17% reduction in its workforce. This news has led to a significant increase in the company's stock price.

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November 15, 2024 | 2:00 pm