Streetbeat News

Labor Issues

TKAMY

Thyssenkrupp plans to cut 1,800 jobs due to ongoing weakness in the automotive sector, highlighting challenges in the industry.

Portfolio Pulse from

March 06, 2025 | 1:45 pm

DLAKY

Lufthansa's 2024 profits were negatively impacted by strikes, rising costs, and aircraft delivery delays. The company plans a turnaround to boost earnings in the current year.

Portfolio Pulse from

March 06, 2025 | 10:00 am

GM

Workers at the GM-LG Energy Solution battery plant in Tennessee have approved their first union contract, marking a significant development in labor relations at the joint venture.

Portfolio Pulse from

March 05, 2025 | 11:30 pm

FLYW

Levi & Korsinsky has initiated an investigation into Flywire Corporation for potential federal securities law violations. Flywire reported a Q4 2024 net loss of $15.9 million, missed estimates, and announced a 10% workforce reduction.

Portfolio Pulse from

March 05, 2025 | 7:15 pm

ADP

NVDA

US stock futures fluctuate as S&P erases post-election gains. Trump may announce tariff relief, and ADP data shows a labor market slowdown. Nvidia stock rises.

Portfolio Pulse from

March 05, 2025 | 5:15 pm

FLYW

Levi & Korsinsky has initiated an investigation into Flywire Corporation for potential federal securities law violations. Flywire reported a Q4 2024 net loss of $15.9 million, missed estimates, and announced a 10% workforce reduction.

Portfolio Pulse from

March 05, 2025 | 3:45 pm

DIS

The Walt Disney Co. is reportedly laying off around 200 employees, nearly 6% of its staff at ABC News Group and Disney Entertainment Networks, as part of a cost-cutting measure.

Portfolio Pulse from

March 05, 2025 | 2:00 pm

DIS

NFLX

Disney plans to cut around 200 jobs across ABC News and Disney Entertainment Networks as it prepares to compete more aggressively with Netflix.

Portfolio Pulse from

March 05, 2025 | 1:00 pm

MAKSY

Marks & Spencer (M&S) announced a 5% pay rise for its 50,000 retail workers, effective April 1, representing an investment of 95 million pounds ($122 million).

Portfolio Pulse from

March 05, 2025 | 9:45 am

GS

Goldman Sachs plans to cut 3% to 5% of its workforce, amounting to approximately 1,395 jobs, as part of its annual review process. This reduction is larger than the previous one in September.

Portfolio Pulse from

March 04, 2025 | 11:00 pm