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General Motors Co. plans to file its registration for an initial public offering during the week of Aug. 16, just after the expected date for its second quarter results, according to two people with direct knowledge of the preparations.
A GM filing with the U.S. Securities and Exchange Commission would be the first step toward an IPO to reduce the U.S. government’s ownership in the automaker after a $50 billion bailout in 2009. Get the full story »
Hyatt workers at the May 26, 2010 protest outside the Hyatt Regency in downtown Chicago. (José M. Osorio/Chicago Tribune)
About 30 people, including a priest, protesting working conditions in front of the Hyatt Regency were arrested by police Thursday in a staged act of civil disobedience.
Annemarie Strassel, a spokeswoman for Unite Here Local 1, said 200 workers had been prepared to be arrested, but out of respect for slain Police Officer Michael Bailey’s wake Thursday evening, the union agreed to lower the number of demonstrators so that officers will have time to attend the wake. Get the full story »
United Airlines and Continental Airlines said Tuesday they hammered out transition agreements with their pilots’ unions, a critical step towards reaching a broader labor accord with pilots.
Talks between the merging airlines and pilots were halted late last month due to a dispute between Chicago-based United and its pilots over lay-off protections, sources told the Tribune.
At the time, the four sides were close to hammering out “Transition and Process” agreements that provide a framework for operations until the merging carriers gain a single FAA operating certificate, a process targeted to be completed during 2012. Get the full story »
The largest U.S. labor group urged Congress on Friday to pass legislation to fight China’s currency practices, a day after the Obama administration again declined to label Beijing a currency manipulator.
The United States should also keep other options on the table, including a possible challenge of China’s currency practices at the World Trade Organization, Richard Trumka, president of the AFL-CIO labor federation, said in a statement. Get the full story »
The owners of the historic Blackstone Hotel violated federal labor laws by unilaterally laying off 14 room-service employees and cutting health care benefits, an administrative law judge for the National Labor Relations Board has ruled.
The ruling by Judge Mark Carissimi also found the owners, including Denver-based Sage Hospitality Resources LLC, broke laws protecting union activity by asking employees to sign a petition to decertify the union.
The owners were ordered to offer reinstatement to the 14 workers laid off last year and to return to its previous health-care plan. They also were ordered to reimburse employees for lost wages and benefits—a sum the employees’ union estimates to be at least $250,000. Get the full story »
Leaders of Continental Airlines Inc. and United Airlines will meet U.S. regulators next week to review the technical aspects of their planned merger.
The airlines said in a filing that they will hold a “kick-off meeting” with the Federal Aviation Administration on July 9 to outline the process for securing a so-called “single operator certificate”, a formal combination targeted for the first quarter of 2012. Get the full story »
A southern Illinois plant that makes nuclear fuel has locked out its union workers over a labor dispute. Honeywell spokesman Peter Dalpe says the move Monday night in Metropolis came after no substantial progress was made with United Steelworkers union negotiators earlier that day. The union’s contract expired a week ago. Get the full story »
Boeing workers in St. Louis have agreed to a contract with the plane manufacturer, avoiding a strike that would have gone into effect today if the deal had been rejected.The International Association of Machinists and Aerospace Workers said the contract passed Sunday by a vote of 1,237 to 838. Get the full story »
In a move that could have nationwide implications for Wal-Mart’s expansion in major cities, the City Council Zoning Committee signed off today on a second store in Chicago. The decision marks Wal-Mart’s first victory in six years. The giant retailer overcame powerful union opposition that kept Chicago aldermen at bay as they weighed the prospect of bringing more jobs to their wards against the possibility of losing their own to labor-backed opponents at election time. The breakthrough followed months of behind-the-scenes wrangling among unions and Wal-Mart over how much workers will get paid, with Mayor Richard Daley publicly exhorting the two sides to agree.
Boeing Co. workers at the company’s St. Louis military-aircraft facility will vote today on an amended contract offer, with union leaders recommending members reject the deal. Get the full story »
The new head of the United Auto Workers Wednesday provided an early glimpse of the campaign he plans to wage to unionize the U.S. plants of Asian automakers like Toyota Motor Corp. In an interview with Reuters, Bob King, who vowed to “pound Toyota” when he was elected UAW president last week, said theeffort will involve a big public relations component and not rely solely on the old-fashioned organizing pushes that have proved so unsuccessful with the transplants in the past. Get the full story »
Jewel and Dominick’s, two of the Chicago area’s biggest grocery chains, are in negotiations for new contracts for their Chicagoland stores with the United Food and Commercial Workers International Union.
“While much progress has been made, we’re still working through wage and a few final language issues,” Local 881 says on its hotline about labor talks with Dominick’s. “We have several meetings scheduled in June and hope to resolve the negotiation issues soon.”
It didn’t return a phone call seeking comment.
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From the Financial Times | Bucking its anti-union stance, Walmart said it has signed an agreement with the Chicago & Cook County Building Trades Council which requires it to use union workers on future construction projects.
