15 Oktober 2021 | Geschäft

COMPANY NEWS IN BRIEF

Deere workers set to go on strike

Thousands of Deere & Co-workers were set to go on strike, days after overwhelmingly rejecting a six-year labour contract that was agreed on by United Auto Workers negotiators and the tractor maker.

Earlier this month, the world's largest farm equipment maker and the UAW reached an agreement after weeks of negotiation on wages and other benefits, but 90% of the union's workers voted against the deal. read more

The tentative deal covered about 10 000 production and maintenance employees across 14 facilities in the United States.

Negotiators from the union returned to the bargaining table on Monday to thrash out a new deal, but have not reached a new agreement yet.

The now-rejected offer would have given 5% wage hikes for some workers and 6% for some others. The proposed deal had also called for 3% raises in 2023 and 2025.

The workers understand that they had to make concessions on some benefits in the past and now they want to get some of it back at a time when Deere is doing "very well financially" and labour shortages persist industry-wide, a source familiar with the talks told Reuters.

The last strike against Deere by the UAW was in 1986 when workers sat out for 163 days. -Nampa/Reuters

Gleiche Nachricht

 

Legal blow for Trustco in SA

vor 6 tagen - 24 November 2021 | Geschäft

Jo-Maré Duddy – The Financial Services Tribunal (FST) in South Africa has dismissed an application by Trustco Group Holdings to reconsider a directive by the...

COMPANY NEWS IN BRIEF

vor 6 tagen - 24 November 2021 | Geschäft

Tencent boosts Prosus profitProsus, which owns a US$175 billion minority stake in Chinese internet gaming and social media group Tencent, posted an 8% rise in...

The Audi Q5, SQ5 Sportback

vor 6 tagen - 24 November 2021 | Geschäft

Following the Q3 Sportback and the e-tron Sportback, Audi now presents its third crossover utility vehicle, the first-ever Q5 Sportback. This coupé with dynamic lines...

MTC’s shares shinning on NSX debut

1 woche her - 22 November 2021 | Geschäft

PHILLEPUS UUSIKU – The share price of Mobile Telecommunications Ltd, which listed on the Namibian Stock Exchange (NSX) on Friday morning, rose by 3.1% on...

MTC-Börsengang scheint keineswegs optimal

1 woche her - 19 November 2021 | Geschäft

Windhoek (jmd/ste) - Obwohl das bisherige Staatsunternehmen Mobile Telecommunications Limited (MTC) mehr als 15 Millionen Namibia-Dollar für die Vermarktung ihres Börsengangs, der heute Morgen amtlich...

Gefahr bedingt gebannt

1 woche her - 19 November 2021 | Geschäft

Von Frank Steffen, Windhoek Inzwischen steht fest, dass das russische Unternehmen Headspring Investments (HI), eine Tochtergesellschaft des russischen Atomkonzerns Rosatom, das sich bereits seit 2011...

“Reinheitsgebot wird eingehalten”

vor 2 wochen - 16 November 2021 | Geschäft

Von Jo-Maré Duddy & Frank Steffen, Windhoek Die „Namibia Breweries Limited“ (NBL) feierte im vergangenen Jahr ihr 100-jähriges Jubiläum und galt bisher nicht nur als...

COMPANY NEWS IN BRIEF

vor 2 wochen - 16 November 2021 | Geschäft

Johnson & Johnson plans to split US pharmaceutical giant Johnson & Johnson on Friday announced plans to break up into two listed companies, separating its...

SA’s best-selling passenger car brand

vor 2 wochen - 16 November 2021 | Geschäft

In a year that has been adversely affected by the Covid-19 pandemic as well as a global shortage of semi-conductor chips, Volkswagen has remained South...

Lexus welcomes new brand ambassador

vor 2 wochen - 16 November 2021 | Geschäft

Lexus South Africa has tannounced well-known media personality, sports broadcaster and businessman Robert Marawa, as its new brand ambassador. Robert kicks off his brand experience...