tldrdailynews.com logo
Tag

Labor Agreement

All articles tagged with #labor agreement

WNBA, Players Reach Seven-Year CBA With $7M Cap and Core Changes
sports23 days ago

WNBA, Players Reach Seven-Year CBA With $7M Cap and Core Changes

The WNBA and WNBPA have a verbal seven-year CBA with a $7 million starting salary cap, a 20% revenue share (about $584k average salary before revenue share) and a $1.4 million supermax, plus core designation changes starting in 2027. After finalizing the term sheet, players and the WNBA Board of Governors will vote to ratify, securing labor peace through the 2031 season. The deal follows over 100 hours of talks, with a busy pre-season schedule beginning April 19.

via Front Office Sports|
#cba#labor-agreement#salary-cap
Broadway Musicians Avoid Strike with Tentative Labor Deal
entertainment5 months ago

Broadway Musicians Avoid Strike with Tentative Labor Deal

Broadway's musicians' union reached a tentative labor deal with producers, avoiding a strike that could have shut down nearly two dozen shows, including hits like 'Hamilton' and 'The Lion King.' The agreement includes wage and health benefit increases, and the deal now awaits ratification by union members. This comes amid a strong box office recovery, with the 2024-2025 season earning a record $1.9 billion, highlighting Broadway's economic importance and the unions' leverage in negotiations.

via AP News|
#broadway#entertainment#labor-agreement
"Activision QA Workers Establish Largest Video Game Union in US"
technologygaming2 years ago

"Activision QA Workers Establish Largest Video Game Union in US"

Around 600 software testers at Activision have formed the largest union in the U.S. video game industry, following a labor agreement negotiated as part of Microsoft's $69 billion acquisition of Activision. The union, named Activision Quality Assurance United-CWA, seeks higher wages and more career opportunities for its members. This move comes amidst a growing trend of labor organizing in the tech industry, with QA workers at Activision emphasizing the need for better labor protections and recognition of their essential role in game development.

via CNBC|
#activision#labor-agreement#microsoft
Stellantis Warns of Turbulent 2024 After Profit Jump to Almost $20B
business2 years ago

Stellantis Warns of Turbulent 2024 After Profit Jump to Almost $20B

Stellantis workers represented by the United Auto Workers are set to receive profit-sharing checks averaging $13,860, a 6.1% decrease from last year, based on the automaker's 15.4% adjusted operating income margin in North America. The payout, to be distributed to approximately 38,000 eligible employees, reflects the company's commitment to rewarding its workforce for their contributions to its financial success. This stands as the largest profit-sharing compared to its Detroit competitors, with General Motors Co. paying up to $12,250 and Ford Motor Co. at $10,416 to eligible hourly workers.

via Detroit News|
#automotive-industry#business#labor-agreement
"Southwest Airlines Pilots Ratify Five-Year Contract"
business2 years ago

"Southwest Airlines Pilots Ratify Five-Year Contract"

Southwest Airlines pilots have approved a new five-year labor agreement that includes a 50% pay raise over the period. The deal, valued at $12 billion, addresses issues such as pay, retirement benefits, disability insurance, and scheduling. This move comes as airlines compete to attract and retain pilots in the post-pandemic travel rebound. The hefty pilot contracts have also led to other work groups seeking similar gains, as seen with Southwest flight attendants rejecting a proposed contract last month.

via CNBC|
#airline-industry#business#labor-agreement
"Southwest Airlines Pilots Ratify Five-Year Contract"
business2 years ago

"Southwest Airlines Pilots Ratify Five-Year Contract"

Southwest Airlines pilots have approved a new five-year labor agreement that includes a 50% pay raise over the period. The deal, valued at $12 billion, also addresses retirement benefits, disability insurance, and scheduling. This move comes as airlines seek to attract and retain pilots in the post-pandemic travel rebound, following similar contract approvals at other major carriers.

via Reuters|
#business#labor-agreement#pay-raise
"Southwest Airlines Pilots Ratify Five-Year Contract"
business2 years ago

"Southwest Airlines Pilots Ratify Five-Year Contract"

Southwest Airlines pilots have approved a new five-year labor agreement that includes a 50% pay raise over the period. The deal, valued at $12 billion, will provide immediate pay increases of 29.15% for pilots, with additional hikes in the following years. This move comes as airlines seek to attract and retain pilots in the post-pandemic travel rebound, following similar contract ratifications at other major carriers.

via Yahoo Finance|
#business#contract#labor-agreement
Southwest Airlines resolves labor disputes with pilots and flight attendants
business2 years ago

Southwest Airlines resolves labor disputes with pilots and flight attendants

Southwest Airlines and its pilots' union have reached a preliminary labor agreement, marking the end of contentious negotiations. The deal, worth approximately $12 billion over five years, includes significant pay raises for pilots. This agreement makes Southwest the last major U.S. airline to secure a deal with its pilots. The contract still needs to be approved by the pilots. Other major airlines, including American, United, and Delta, have already finalized pilot deals this year, offering substantial pay increases and addressing concerns about working conditions.

via CNBC|
#aviation-industry#business#labor-agreement
MGM Grand Detroit Workers End 47-Day Strike with Ratified Labor Agreement
labor-relations2 years ago

MGM Grand Detroit Workers End 47-Day Strike with Ratified Labor Agreement

After 47 days on strike, workers at MGM Grand Detroit have ratified a record-breaking labor agreement, ending the strike. The agreement includes the largest wage increases ever negotiated in the history of MGM Grand Detroit, with an immediate $3 an hour raise upon ratification and $5 an hour total raises over the five-year contract. It also provides no health care cost increases, workload reductions, job protections, technology protections, and the option for a bonus. The settlement comes after unionized casino workers reached agreements with the other two casinos in Detroit.

via Detroit Free Press|
#detroit-casino-council#labor-agreement#labor-relations
Ford's UAW strike and contract deal cost company billions
business2 years ago

Ford's UAW strike and contract deal cost company billions

Ford Motor Company has reported that the United Auto Workers (UAW) strike cost the company $1.7 billion in lost profits, with the new labor agreement expected to cost an additional $8.8 billion over the contract's duration. The strike resulted in a reduction of approximately 100,000 fewer wholesale vehicles being sold than planned. Ford's adjusted earnings before interest and taxes (EBIT) forecast for 2023 has been revised down to $10 billion to $10.5 billion. CFO John Lawler confirmed that the labor expenses will add about $900 in costs per vehicle by 2028, but the company aims to offset these costs through increased productivity and reduced expenses elsewhere.

via Fox Business|
#business#ford#labor-agreement