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STOCKHOLM (AP) — Pressure is growing on Tesla in Sweden, where a trade union is demanding that the Texas-based automaker sign a collective bargaining agreement, which most employees in the Scandinavian country have. Another major trade union, the Swedish Union for Service and Communications Employees, said it will halt shipments to Tesla on Nov. 20. Political Cartoons View All 1239 Images"The fight that IF Metall is now taking on is important for the entire Swedish collective agreement model,” Lavecchia said. The IF Metall union and Tesla Sweden have meet twice without results, according to Swedish media. It resulted in a three-month strike by the retail-store employees union that snowballed into an all-out boycott as other unions joined in sympathy strikes.

Persons: Tesla, Gabriella Lavecchia, ” Lavecchia, Stefan Löfven, ” Löfven, Metall Organizations: STOCKHOLM, IF Metall, Painters ’ Union, Tesla, Swedish Union for Service, Communications Employees, Social Democratic, Facebook Locations: Tesla, Sweden, Texas, “, Swedish, Tesla Sweden

☆ Strike ends at major Mexican gold mine after workers pocket 8% raise
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +2 min

Mexico is a top 10 gold miner, and Penasquito has ranked among its most productive precious metals projects. Both parties agreed to an 8% salary increase for workers, the statements said, a figure below the 10%-20% hike proposed by the union initially. The miner also agreed to pay two months salary to workers if it fails to report profits in the year, the union said. The statements noted that workers will also receive a 152 million peso ($8.3 million) bonus, divided equally among them. In addition to precious metals, Penasquito also produces significant volumes of base metals zinc and lead.

Persons: Dado Ruvic, Penasquito, Newmont, Sen, Napoleon Gomez, Andres Manuel Lopez Obrador, Daina Beth Solomon, Valentine Hilaire, David Alire Garcia, Stephen Coates Organizations: REUTERS, MEXICO CITY, National Union of Mine, Metal Workers, Thomson Locations: MEXICO, Mexico, Mexican Republic, Zacatecas

Seoul/Hong Kong CNN —When Hwang Ji-sun, 52, first joined the assembly line at South Korean carmaker Hyundai 22 years ago, women like her had it tough. A wider problemDespite the incremental improvements, South Korea still has widespread problems of gender-based exclusion and low pay, researchers say. Gita Gopinath, first deputy managing director of the International Monetary Fund (IMF), has proposed South Korea adopt new measures to help keep women in the workforce. Making childcare more affordable, lowering the number of working hours or allowing more flexible arrangements is key, she told a South Korean forum last September. In a culturally conservative society like South Korea, much more needs to be done to change perceptions about women in male-dominated professions, according to Hwang.

Persons: Hong Kong CNN —, Hwang Ji, Hwang —, ”, Jung Sungmi, Hwang, Yasuyoshi Chiba, PIIE, Gita Gopinath, Roh Helena, “ Organizations: Hong Kong CNN, Hyundai, Korea Metal Workers ’ Union, CNN, ”, Economic Co, Development, Korean Women’s Development, Getty, US Bureau of Labor Statistics, country’s Ministry of Employment, Labor, Peterson Institute for International Economics, International Monetary Fund, South, “, Korean Women Workers Association, Hyundai Motor Locations: Seoul, Hong Kong, South Korea, Ulsan, United States, Turkey, India, Indonesia, AFP, South, Korea, South Korean

Biden's Labor Day prediction that the union would not strike against Detroit's automakers ahead of a Sept. 14 contract deadline was soundly rejected by UAW President Shawn Fain. White House Press Secretary Karine Jean-Pierre said Biden's comments about the UAW over Labor Day was him being "an optimistic person." The White House has tried to play a role in several recent large-scale union contract negotiations involving rail workers and West Coast port workers. Trump won Michigan in 2016, helping propel him to the White House; Biden beat him by 154,000 votes in Michigan in 2020. Around half a million more threatened strikes in the first half of 2023, estimates from national labor unions show.

Persons: Joe Biden's, Biden, Biden's, Shawn Fain, Fain, Karine Jean, Pierre, Kate Bronfenbrenner, Donald Trump, Trump, Joe Biden, Joshua Roberts, Harley Shaiken, Shaiken, Nandita Bose, David Shepardson, Joseph White, Heather Timmons, Deepa Babington Organizations: UAW, Biden's Labor, Detroit's, House Press, Labor, General Motors, Ford, carmakers, Anderson Economic, Cornell University's School of Industry & Labor Relations, White House, Wednesday, Workers, Republican, Michigan, State Labor, Metal Workers, Local, REUTERS, University of California, Bureau of Labor Statistics, EV, White, Energy Department, Teamsters, UPS, House, Thomson Locations: Detroit, America, Pennsylvania, Michigan, West Coast, Philadelphia , Pennsylvania, U.S, Berkeley, Michigan , Ohio , Indiana , Illinois, Belvidere , Illinois, Washington

[1/7] U.S. President Joe Biden delivers remarks celebrating Labor Day and honoring America’s workers and unions at the Annual Tri-State Labor Day Parade at Sheet Metal Workers' Local Union 19, in Philadelphia, Pennsylvania, U.S., September 4, 2023. A self-described champion of labor unions, Biden addressed union workers in Philadelphia as he sought to explain his economic policies to a public worried about the economy, despite easing inflation and low unemployment levels. "It wasn't that long ago we were losing jobs in this country," Biden said ahead of a parade marking the U.S. Labor Day holiday. Economic issues are likely to play a critical role in the 2024 presidential race, a likely rematch between Biden and Trump. A Reuters/Ipsos poll last month showed that the economy, unemployment and jobs remained Americans' top concern.

Persons: Joe Biden, Joshua Roberts, Donald Trump, Biden, Trump, nibbled, Jerome Powell, Trevor Hunnicutt, Jeff Mason, Scott Malone, Tomasz Janowski Organizations: Labor, State Labor, Metal Workers, Local, REUTERS, Rights, U.S, Biden, Reuters, Trump, Republican, Workers, International Union Local, week's Labor Department, Milwaukee Journal, Sentinel, Republicans, Thomson Locations: Philadelphia , Pennsylvania, U.S, Philadelphia, America, China, Pennsylvania, Rehoboth Beach , Delaware

☆ Biden gets low marks on economy and major concerns about his age as he looks to Trump rematch, new poll shows
▼ + stars: | 2023-09-04 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +4 min

A 60% majority of registered voters indicated in the poll that they do not consider Biden "mentally up for the job" of being president. Majorities of registered voters said they disapproved of how Biden has handled the economy (59%), inflation (63%) and growth of the middle class (58%), according to the poll. Nearly two-thirds of registered voters, 63%, said they viewed the strength of the U.S. economy negatively, including 36% who called it "poor." Inflation is a major pain point: 74% of respondents said it has moved in the wrong direction over the past year. Most voters, 86%, said the cost of housing has gone in the wrong direction over the past year.

Persons: Joe Biden, Joe Biden's, Donald Trump, Biden, —, Trump, Democratic pollster Michael Bocian, Tony Fabrizio, Bocian, Ron DeSantis, DeSantis, Vivek Ramaswamy, Nikki Haley Organizations: Labor, State Labor, Metal Workers, Local, Wall Street, Democratic, Voters, Biden, Trump, Republican, Florida Gov, GOP, United Nations Locations: Philadelphia , Pennsylvania, U.S, Ukraine, China, Philadelphia, Park, Scranton , Pennsylvania

☆ TSMC's Arizona plant is delayed over poor management, not a shortage of US skilled labor, workers building it say
▼ + stars: | 2023-08-23 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +11 min

TSMC, however, has maintained that the incoming Taiwanese workers will not be a threat to US jobs. The pipe cutter said that TSMC and its key contractors were largely to blame for the management problems. After complaining about one safety issue for two straight weeks, he said, he spoke with a company safety representative. And then you go to degown, and they don't have your hanger or somebody took your hanger," the pipe cutter said. He added: "It's not like we're against the Taiwanese workers or anything.

Persons: TSMC, they're, it's, didn't, he's, —, they'd, they've, Everyone's, we're, It's, Luke Kasper, Arizona Organizations: Service, Taiwan Semiconductor Manufacturing, Arizona Pipe, Intel, New York Times, Times, American Prospect, TSMC Locations: Arizona, Wall, Silicon, chipmaker, TSMC, Taiwan, United States, degown

☆ A feud is heating up between Arizona workers and the world's leading chipmaker after the company claimed the US doesn't have the skills to build its new factory
▼ + stars: | 2023-08-13 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

The company says it needs to bring Taiwanese workers to Arizona to get construction back on track. But construction of TSMC's first Arizona factory, which began in the Phoenix area in 2021, has run into some hiccups. "Replacing Arizona's construction workers with foreign construction workers directly contradicts the very purpose for which the CHIPS Act was enacted – to create jobs for American workers," the petition says. The degree to which American workers can get the job done without additional assistance is up for debate. "It's easily the most unsafe site I've ever walked on," said Luke Kasper, a representative of the sheet metal workers union.

Persons: TSMC, that's, Biden, Mark Liu, Liu, It's, Luke Kasper, TMSC, Morris Chang, Chang, Kevin Xu Organizations: Service, Taiwan Semiconductor Manufacturing Company, Arizona Pipe, Google, Facebook, YouTube Locations: Arizona, An Arizona, Wall, Silicon, China, TSMC's, Phoenix, Taiwan, TSMC, Asia

LONDON, June 23 (Reuters) - Newmont (NEM.N) has declared force majeure on deliveries of some metal products from its Peñasquito mine in Mexico, the U.S.-listed miner told Reuters, citing strike action as a constraint on output. Peñasquito is a major producer of zinc and lead, as well as gold. In a February outlook, Newmont said Peñasquito was expected to produce between 190,510 and 208,654420 metric tons of zinc this year and 77,111 and 86,183 tons of lead. Companies declare force majeure when unexpected circumstances prevent them from meeting contract obligations. "Due to interruptions in production caused by the union strike at Newmont's Peñasquito mine in Mexico, force majeure has been declared with certain customers for some of the mine's products," Newmont said in an emailed statement.

Persons: Newmont, Peñasquito, majeure, Boliden, Pratima Desai, Clara Denina, Kirsten Donovan, Jane Merriman Organizations: Companies, National Union of Mine, Metal Workers, London Metal Exchange, Thomson Locations: Mexico, U.S, Mexican Republic, Ireland, Sweden

☆ Biden administration to provide over $13 billion in aid to help American families lower energy bills
▼ + stars: | 2022-11-02 | by ( Chelsey Cox | ) www.cnbc.com time to read: +2 min

The Biden administration is providing over $13 billion in aid to help low- and moderate-income Americans lower their energy costs, including grants to pay electric bills as well other incentives to make energy-efficient upgrades to their homes. The announcement reflects the administration's efforts to lower energy costs amid extreme temperature shifts from climate change. Under the initiative, the Department of Health and Human Services will release $4.5 billion in Low Income Home Energy Assistance Program funding, which helps pay energy bills and energy-related home repairs for families. "We know that winter heating bills account for the largest share of low-income households' home energy needs. The Biden administration will also provide roughly $9 billion to help low- and moderate-income families lower energy costs by making energy-efficient upgrades to their homes.

☆ Credit Suisse settles U.S. shareholder lawsuit over risk exposure, Archegos
▼ + stars: | 2022-09-19 | by ( Jonathan Stempel | ) www.reuters.com time to read: +2 min

Register now for FREE unlimited access to Reuters.com RegisterThe logo of Swiss bank Credit Suisse is seen at an office building in Zurich, Switzerland September 2, 2022. REUTERS/Arnd WiegmannNEW YORK, Sept 16 (Reuters) - Credit Suisse Group AG (CSGN.S) reached a $32.5 million settlement to resolve a lawsuit accusing the Swiss bank of misleading shareholders about how well it managed risk, including its exposure to "high-risk" clients such as Archegos Capital Management. Credit Suisse has dubbed 2022 a "transition" year as it reduces risk-taking, and installed restructuring expert Ulrich Koerner as chief executive. The case is City of St. Clair Shores Police & Fire Retirement System v Credit Suisse Group AG, U.S. District Court, Southern District of New York, No. Register now for FREE unlimited access to Reuters.com RegisterReporting by Jonathan Stempel in New York; Editing by Daniel Wallis and Cynthia OstermanOur Standards: The Thomson Reuters Trust Principles.

☆ Delta and American Express begin issuing cards made of Boeing 747 metal
▼ + stars: | 2022-06-16 | by ( Emily Mcnutt | ) edition.cnn.com time to read: +3 min

Through Aug. 3, 2022, new and current card members with the Delta SkyMiles® Reserve American Express Card or the Delta SkyMiles® Reserve Business American Express Card can order a limited-edition Boeing 747 metal card. In fact, we consider the Delta Amex Reserve to be the best card out there for a Delta companion certificate. If you already have a Delta Reserve card and want a 747 metal version, fret not. Current Delta Amex Reserve and Delta Amex Business Reserve card members can request a 747 metal card via the Amex app, online or by calling the phone number on the back of their card. Learn more about the Delta SkyMiles Reserve American Express Card.

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