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There will be even bigger pay increases for workers now in a lower pay tier, for temporary workers and for starting pay. The union has also won improved pension benefits for senior workers who ...
Tom Ruddy, 62, is approaching his 38th year at General Motors' Toledo Propulsion Systems plant and is ready to retire, but is waiting on GM to determine the dates and details of a special ...
This means production workers at Ultium Cells will see an immediate pay increase of $6 to $8 an hour upon ratification and all hourly and salaried employees, including those at GM's parts ...
By 1994, "Pennsylvania's state pension funds [had] the most active program of in-state investments in the country," according to the Richmond Times-Dispatch, which also noted that Pennsylvania's pension system had "committed $259.5 million to venture capital funds that invest in the state or in out-of-state companies that create jobs in ...
The 2007 General Motors Strike was a labor union strike that lasted three days from September 23 to September 25, 2007, organized by the United Auto Workers (UAW) union. The UAW were engaged in talks with General Motors (GM) to negotiate a new labor contract but were unable to come to an agreement before the deadline. Consequently, 73,000 ...
The California CalPERS system outlawed this practice in 1993, but as of 2012 it remained legal in the 20 counties which did not participate in this public employee retirement system. [1] Pension spiking is often seen in public sector employers (who do not typically offer golden parachutes to employees the private sector does) and is an example ...
Bernard was one of about 1,000 GM employees laid off Nov. 15. ... provided to the state of Michigan. On Nov. 15, GM cut another 1,000 jobs ... employees will receive a payment equivalent to their ...
The General Motors Chapter 11 filing formally was entitled "In re General Motors Corp.", and was case number 09-50026 in the Southern District, Manhattan, New York. [46] General Motors was represented by the New York specialist law firm Weil, Gotshal & Manges.