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United Airlines has reported a net loss of $609 million, or $1.66 per share, for the first quarter of 2014. It marks a three-month low for the carrier. In a conference call to discuss United’s results, President and CEO Jeffrey Smisek blamed winter weather, increased competition in Asian markets and a softening Japanese economy for
Read moreWal-Mart Chief Executive Michael Duke, ranked No. 69 on the list of 100 Highest Paid CEOs, took home over $20.5 million in 2013. Don’t tell that to the corporate giant’s million-plus employees, half of whom earned less than $25,000. Many of them need government assistance just to survive. Wal-Mart, the largest private employer in the
Read moreAbout 280 IAM District 751 members at AIM Aerospace in Sumner, WA have ratified their first union contract with a 75 percent yes vote. IAM District 751 members at AIM Aerospace in Sumner, WA have won 5.6 percent average wage increases plus improved benefits with their first union contract. The workers ratified the contract with
Read moreThe only way to reverse the downward trend of the American middle class is through an economic boost in U.S. manufacturing, job creation and skills training, said Connecticut Gov. Dannel Malloy to IAM leaders and members at the New England State Council of Machinists Annual Conference in Groton, CT. “Two things are going on,” said
Read moreIAM Local 2003 members in Daleville, AL strike against Army Fleet Support (AFS) at Fort Rucker after voting to reject a “last, best and final” offer from parent company L3 Communications. Nearly 3,000 members of IAM Local 2003 in Daleville, AL are on strike against Army Fleet Support (AFS) at Fort Rucker after voting to
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