Category Archives: Jobs

UAW OKs new GM contract by 2-1 margin

By doris | Published: September 28, 2011

Full Story at BottomLine.msnbc.msn.com By a 2-to-1 margin, unionized workers have approved a new four-year contract with General Motors that includes a $5,000 signing bonus and raises entry-level wages. The contract, which is effective immediately, covers 48,000 members of the United Auto Workers union. The union said the new contract would result in 6,400 new [...]

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Boeing’s 787, ‘Murphy’s law of airplanes,’ finally gets to a customer

By doris | Published: September 26, 2011

Full Story at BottomLinemsnbc.msn.com Boeing officially delivered its first 787 jet to All Nippon Airways on Sunday, more than three years after the airplane maker originally promised to get the new model to its Japanese customer. “It’s been just one problem after another,” said Scott Hamilton, a longtime aerospace analyst with Leeham Co. “It’s been [...]

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GM deal with union: It’s all about jobs

By doris | Published: September 21, 2011

Full Story at msnbc.com Jobs — and not necessarily cash, or new benefits — have proved to be the centerpiece of the new four-year contract agreed between the United Auto Workers union and General Motors. That’s not to say the deal doesn’t include some financial benefits designed to salve the frustrations of GM workers, who [...]

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Can retraining give the unemployed a second chance?

By doris | Published: September 19, 2011

Full Story at msnbc.com Andrew Bricknell, 50, has lived in and around Detroit his whole life. Raised in Dearborn, Mich., where his father was a tool-and-die maker for Ford, Bricknell never doubted what industry he’d go into when he grew up — only which end of it. As a kid, Bricknell showed an aptitude for [...]

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Number of defaults on student loans jumps

By doris | Published: September 13, 2011

Full Story at msnbc.com The number of borrowers defaulting on federal student loans has risen substantially, highlighting concerns that rising college costs, low graduation rates and poor job prospects are getting more and more students over their heads in debt. The national two-year cohort default rate rose to 8.8 percent last year, from 7 percent [...]

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Lawmakers face limits in fight to fix economy

By doris | Published: September 11, 2011

Full Story at msnbc.com With unemployment stuck above 9 percent, Americans are looking to the White House, Republican presidential candidates and the Federal Reserve for credible plans to boost job growth. None of the proposals now being floated hold much promise. Falling home prices continue to wipe out equity for millions of households. Manufacturing has [...]

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Jobs plan may create 1 million jobs – economists

By doris | Published: September 10, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — Economists gave generally positive reviews to President Obama’s jobs plan Friday, with some estimating that at least 1 million jobs could be added in the next year if Congress passes the package. The payroll tax holiday for workers and small businesses was cited specifically for having a [...]

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Postal job cuts would weigh on minorities, vets

By doris | Published: September 6, 2011

Full Story at money.cnn.com WASHINGTON (CNNMoney) — Should the Postal Service get its way on laying off thousands of workers, the cuts would weigh heavily on two segments of the population hard hit in recent years: minorities and veterans. The U.S. Postal Service, teetering toward default, wants the power to cut 120,000 jobs by voiding [...]

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Honda recalls 1 million cars globally

By doris | Published: September 5, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — Honda said Monday that it will recall 1 million cars globally to fix an electrical problem and a software glitch. The company is recalling 936,000 cars worldwide from its Fit and CR-V lines to replace the master switch for the cars’ power windows. A design flaw can [...]

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CNN Poll: 8 in 10 think we’re in a recession

By doris | Published: September 4, 2011

Full Story at PoliticalTicker.blogsCNN.com Washington (CNN) – Economic fears are not diminishing. More than eight in 10 Americans think the economy is in another recession, according to a new CNN/ORC poll. One-third of those surveyed think it’s serious. While the country isn’t technically in a recession because the economy hasn’t experienced two straight quarters of [...]

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Firing horror stories

By doris | Published: August 29, 2011

Full Story at money.CNN.com Think getting fired is hard? Try doing the firing. And when you are a small business owner it can be particularly hard. At best, it’s an uncomfortable face-to-face confrontation that can lead to hurt feelings. At worst: physical altercations, hacked servers and lost clients. “Large corporations have a team of people [...]

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Parts of Obama jobs package coming into focus

By doris | Published: August 27, 2011

Full Story at msnbc.com NEW YORK — Hurricane Irene sent east coast shoppers into stores to stock up on essentials this week, instead of the clothes, notebooks and other supplies that retailers were counting on selling as parents prepare to send their children back to school. Chains such as Home Depot Inc and Wal-Mart Stores [...]

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US economic growth slower than expected in spring

By doris | Published: August 26, 2011

Full Story at msnbc.com WASHINGTON — The economy grew much slower than previously thought in the second quarter as business inventories and exports were less robust, a government report showed on Friday, although consumer spending was revised up. Gross domestic product growth rose at annual rate of 1.0 percent the Commerce Department said, a downward [...]

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Verizon unions strike after contract expires

By doris | Published: August 7, 2011

Full Story at news.Yahoo! News NEW YORK (Reuters) – Unions representing 45,000 Verizon Communications workers called for a strike as negotiations failed for a new labor contract that expired at midnight on Saturday. Verizon and the unions — The Communications Workers of America and the International Brotherhood of Electrical Workers – had been in talks [...]

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