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The IAM is supporting a proposal calling for a shareholder vote on runaway executive compensation at United Technologies Corporation (UTC). The proposal, submitted by the AFL-CIO Reserve Fund, will be presented during the UTC annual shareholder meeting in Indianapolis, IN, and reflects deepening public concern about executive compensation practices. “Year after year, corporate boards continue
Read moreIn a letter to Defense Secretary Robert Gates, five U.S. Senators said that granting EADS a 60-day extension to put together a new bid for the aerial refueling tanker would amount to putting “American service members and workers on hold to accommodate the business needs of an illegally subsidized company.” In the letter, Sen. Patty
Read moreMembers of the Spanish Leadership Working Group present last week include (left to right) Javier Almazan Organizer, Local 2152; Anne Wiberg, Education Representative; Carlos San Miguel GLR; Armando Arreola Local 701 BR; Jorge Saenz GLR; Maria Pozo Local 901 President; Jose Rodriguez Baez Local 2725 BR; Macario Camorlinga GLR; and Claudio Figueroa GLR. Attending but
Read moreLos miembros del presente español del grupo de trabajo de la dirección incluyen la semana pasada al organizador (de izquierda a derecha) de Javier Almazan, Local 2152; Anne Wiberg, representante de la educación; Carlos San Miguel GLR; BR del Local 701 de Armando Arreola; Jorge Sáenz GLR; Presidente del Local 901 de Maria Pozo; BR
Read moreThe exodus of U.S. jobs continues as British petroleum giant BP announced it will be closing its solar-panel manufacturing plant in Frederick, MD, and moving to China and India. Barely three years after unveiling a $70 million plan for the creation of green jobs, the company says it’s preparing to layoff 320 workers and will
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