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IAM members at Hawker Beechcraft in Wichita, KS, will vote this week on a seven-year tentative agreement that preserves two-thirds of the 2,600 bargaining unit jobs that were threatened with elimination. Prior to the tentative agreement, Hawker Beechcraft was considering a $400 million offer from the state of Louisiana to relocate its entire manufacturing operation
Read moreMembers of Local 99 in Edmonton, Alberta, have ratified a new two-year collective agreement with Finning International. “Money was actually settled relatively quickly,” said District 14 Business Representative Kevin Clark. “It was everything else that almost consumed seven months of tough bargaining.” Among the agreement highlights are: long term disability increased to $5,000 per month;
Read moreFor the second time, Mexican aerospace officials have cancelled a conference in Wichita, KS, designed to lure more aircraft jobs to Mexico. Last April, the magazine Mexico Now cancelled the conference after District Lodge 70 announced plans to picket the conference. This time the conference wasn’t publicly announced, but the Machinists and the Wichita Eagle
Read moreMembers of District 15 members at Gloucester Engineering Co. (GEC) in Gloucester, MA, are optimistic following news that GEC has filed a Plan of Reorganization that will hopefully allow the company to emerge from Chapter 11 bankruptcy by the end of this year. Private equity firm Blue Wolf Capital Partners LLC provided financing to help
Read moreThe number of homes taken over by banks reached 102,134 last month – the first time home repossessions have topped 100,000 in a single month, says real estate data company RealtyTrac. Overall, there were 347,420 foreclosure filings in September, three percent higher than August. But experts don’t expect the trend to continue, at least not
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