DIRS.INFO The most relevant business & tech news

☆ Should public buses be free?
▼ + stars: | 2023-07-08 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +10 min

New York CNN —More major cities in the United States are letting public transit riders hop on board for free. Boston is piloting three zero-fare public bus routes, and New York City is expected to test free buses on five lines. Fares made up, on average, 12.5% of transit agencies’ operating expenses in 2021, down from 31.4% in 2019, according to the American Public Transit Association. “By offering free public transport, we are not really attracting car drivers in large volumes,” said Mohamed Mezghani, secretary general of the International Association of Public Transport. “There’s no such thing as free transit,” he added.

Persons: Michelle Wu, “, ”, Lane Turner, Stephanie Lotshaw, American Public Transit Association . Massachusetts Sen, Edward Markey, Ayanna Pressley, Wu, Matt Stone, Henry Bendon, ” Bendon, Fares, Pat Greenhouse, Mohamed Mezghani, Sarah Kaufman, There’s, Boston Mayor Wu, Olivier Douliery, Richard Jarrold, Jarrold Organizations: New, New York CNN, Boston, CNN, Boston Globe, American Public Transit Association . Massachusetts, US, MediaNews, Boston Herald, Getty, Richmond, Agency, American Public Transit Association, Kansas City, International Association of Public Transport, “, Rudin Center, Transportation, New York University, Boston Mayor, Getty Images Washington, Transportation Authority Locations: New York, United States, Kansas City, Raleigh, Richmond, Olympia, Tucson, Alexandria, Virginia, Denver, Boston, New York City, America, Tallinn, Estonia, Dunkirk, France, Luxembourg, Washington ,, AFP, Kansas

☆ Spirit AeroSystems union workforce approves new contract, ending strike at Kansas plant
▼ + stars: | 2023-06-30 | by ( Valerie Insinna | ) www.reuters.com time to read: +3 min

REUTERS/Benoit Tessier/File PhotoWASHINGTON, June 29 (Reuters) - Spirit AeroSystems (SPR.N) said it would begin resuming operations at its plant in Wichita, Kansas, on Friday, after union workers on Thursday voted to accept a new contract and end a strike that led to a week-long work stoppage. The deal is a boon for Boeing, which is on the verge of increasing MAX production from 31 jets to 38 jets per month. Boeing Commercial Airplanes CEO Stan Deal said on June 18 the production ramp was set to occur "pretty soon." Although Boeing maintains some buffer inventory, analysts had warned a prolonged strike could have forced the company to slow or stop MAX production. The company has been the source of several high-profile production defects on Boeing jets, such the incorrect installation of a bracket on the 737's vertical tail.

Persons: Benoit Tessier, It's, Craig Martin, Stan Deal, Cowen, Cai von Rumohr, Michel Merluzeau, Valerie Insinna, Sandra Maler, Nick Zieminski, Jamie Freed Organizations: Boeing, International Paris Air, Le, REUTERS, WASHINGTON, International Association of Machinists, Aerospace Workers, U.S, Airbus, IAM's Southern Territory, Boeing Commercial, AIR, Thomson Locations: Le Bourget, Paris, France, Wichita , Kansas, Its Wichita, IAM's Southern, Seattle

☆ Workers at Boeing 737 supplier approve labor deal, ending strike
▼ + stars: | 2023-06-30 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

An aerial view of the engines and fuselage of an unpainted Boeing 737 MAX airplane parked in storage at King County International Airport-Boeing Field in Seattle, Washington, June 1, 2022. Workers at Boeing aircraft parts supplier Spirit Aerosystems approved a new labor deal on Thursday, setting the stage to resume production at a Wichita, Kansas, facility after a work stoppage last week. The company and the workers' union, the International Association of Machinists and Aerospace Workers, reached a new tentative agreement for the 6,000 workers, the union said on Tuesday. The production pause came as Boeing scrambles to increase production of new aircraft. The company went into the strike with an inventory of some fuselages to continue manufacturing.

Persons: Spirit Aerosystems Organizations: Boeing, MAX, King County International Airport, Boeing Field, Workers, Spirit, International Association of Machinists, Aerospace Workers, CORE Locations: Seattle , Washington, Wichita , Kansas

☆ Workers at key Boeing supplier vote to end strike
▼ + stars: | 2023-06-29 | by ( Chris Isidore | ) edition.cnn.com time to read: +2 min

New York CNN —Spirit AeroSystems, a key supplier to Boeing, is set to reopen next week after members of the International Association of Machinists voted Thursday to ratify a tentative labor agreement and end a week-long strike. Members voted 63% in favor of the four-year agreement, according to vote results announced Thursday. It’s the first new contract that the union members at Spirit have had in 13 years. The union had put the company’s previous offer up to a vote earlier this month. But rank and file members rejected that offer with 79% of members voting no, and 85% voted to strike, the union said.

Persons: It’s, ”, Jason Baze, “, Tom Gentile, Max, Vanessa Yurkevich Organizations: New, New York CNN, Boeing, International Association of Machinists, IAM Locations: New York

☆ Spirit AeroSystems union to discuss new contract offer as strike continues
▼ + stars: | 2023-06-27 | by ( ) www.reuters.com time to read: +1 min

June 27 (Reuters) - Spirit AeroSystems (SPR.N) has presented a new contract offer to union workers at its plant in Wichita, Kansas, after what the Boeing (BA.N) and Airbus (AIR.PA) supplier said were "positive discussions" aimed at ending a strike. Spirit declined to answer questions about its revised offer but confirmed in a statement on Tuesday that it had delivered it "following days of positive discussions" with the International Association of Machinists and Aerospace Workers (IAM) union. The IAM union will hold a meeting on Tuesday at 1:30 p.m. local time to discuss the new proposal, IAM said on the Facebook page for its local unit in Wichita. The meeting will only be attended by union stewards, Spirit employees that represent the union. The company and union restarted negotiations on Saturday, and Spirit CEO Tom Gentile said in a statement on Monday that the parties were "making good progress."

Persons: AeroSystems, Tom Gentile, Valerie Insinna, Conor Humphries Organizations: Boeing, Airbus, International Association of Machinists, Aerospace Workers, IAM, Thomson Locations: Wichita , Kansas, Wichita

☆ Spirit Aero flags progress in talks with the union
▼ + stars: | 2023-06-26 | by ( ) www.reuters.com time to read: 1 min

June 26 (Reuters) - Spirit Aerosystems (SPR.N) said on Monday it had held "constructive and positive meetings" with the U.S. machinists union through the weekend, indicating progress in negotiations for a new contract. Spirit, a crucial supplier for aerospace heavyweights Boeing (BA.N) and Airbus (AIR.PA), expects its Wichita production operations to remain suspended until an agreement is reached with the International Association of Machinists and Aerospace Workers. The company had said on Friday that it would meet the union on Saturday to continue talks after workers rejected a proposed four-year deal and announced a strike. read more"We have been working hard and making good progress," CEO Tom Gentile said. Reporting by Aishwarya Nair in Bengaluru; Editing by Pooja DesaiOur Standards: The Thomson Reuters Trust Principles.

Persons: Tom Gentile, Aishwarya Nair, Pooja Desai Organizations: U.S, Boeing, Airbus, International Association of Machinists, Aerospace Workers, Thomson Locations: Wichita, Bengaluru

☆ Spirit Aero to continue contract talks with union as strike looms
▼ + stars: | 2023-06-23 | by ( ) www.reuters.com time to read: +1 min

[1/2] A Boeing 737 MAX-10 lands over the Spirit AeroSystems logo during a flying display at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 22, 2023. REUTERS/Benoit TessierJune 23 (Reuters) - Spirit AeroSystems Inc (SPR.N) said it will meet with the U.S. machinists union on Saturday to continue negotiations for a new contract, after workers rejected a proposed four-year deal and announced a strike. Shares of Spirit were up 4.8% in afternoon trade on Friday. The union did not immediately respond to a Reuters request for comment. Reporting by Aishwarya Nair in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

Persons: Benoit Tessier, Aishwarya Nair, Devika Organizations: Boeing, International Paris Air, Le, REUTERS, AeroSystems, U.S, Airbus, International Association of Machinists, Aerospace Workers, Thomson Locations: Le Bourget, Paris, France, Wichita, Bengaluru

Union workers missed out on a frenzy of wage increases by employers desperate for workers during the height of the COVID-19 pandemic. Low unemployment makes it easier for union workers to stand firm during negotiations. Union workers also want more affordable healthcare, paid sick time and more-flexible scheduling for greater work-life balance. Some workers said the base wage increase was insufficient and balked at higher out-of-pocket medical costs. Late last year, U.S. freight railroad workers rejected a five-year contract that included a 24% wage increase, citing lack of paid sick leave.

Persons: Diane Swonk, Erin McLaughlin, Willie Adams, Sam Johnson, Johnson, Joe Biden, Todd Vachon, Garth Thompson, Lisa Baertlein, Bianca Flowers, Rajesh Kumar Singh, David Gregorio Our Organizations: Workers, Spirit, Deere & Co, Reuters, KPMG, Conference Board, Conference, . West, International Association of Machinists, Aerospace Workers, Caterpillar, Congress, Unions, Union, CNH, Deere, Midwest, Rutgers, United Parcel Service, International Brotherhood of Teamsters, United Auto Workers, Detroit automakers, General Motors, Ford, FedEx, American Airlines, Pilots, United, United Airlines, Thomson Locations: U.S, . West Coast, Wichita , Kansas, Decatur , Illinois, Wisconsin, Iowa, West, Los Angeles, Chicago

☆ Spirit AeroSystems to halt Wichita plant as workers vote to strike
▼ + stars: | 2023-06-22 | by ( ) www.reuters.com time to read: +3 min

Spirit will suspend factory production prior to the expiration of its contract with the International Association of Machinists and Aerospace Workers (IAM) which ends on June 24, it said. "We are disappointed that our employees represented by the IAM rejected our four-year contract offer and voted to strike," Spirit said. However, workers not represented by union should report to work on Thursday, it added. Workers at the plant, which makes critical structures for Boeing (BA.N) jetliners, will go on strike on Saturday, after rejecting a proposed four-year deal on Wednesday night, the IAM said. "The IAM's dedicated and hardworking membership at Spirit AeroSystems has worked without fail during tumultuous times, including a pandemic that saw everything grind to a halt.

Persons: AeroSystems, Valerie Insinna, Abinaya, Shivansh, Gerry Doyle, Jason Neely Organizations: IAM, Saturday Plant, Boeing, International Association of Machinists, Aerospace Workers, Workers, Spirit, Airbus, Thomson Locations: Wichita , Kansas, Wichita, Washington, Bengaluru

☆ Key Boeing supplier stops production at Wichita plant after workers vote to strike
▼ + stars: | 2023-06-22 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

Airplane fuselages bound for Boeing's 737 Max production facility await shipment on rail sidings at their top supplier, Spirit AeroSystems Holdings Inc, in Wichita, Kansas, U.S. December 17, 2019. Boeing supplier Spirit AeroSystems halted work at a Wichita, Kansas, plant on Thursday after workers voted against a new labor deal and for a strike. "In light of the decision to strike by Spirit AeroSystems employees represented by the International Association of Machinists and Aerospace Workers today, Spirit will suspend factory production prior to the expiration of the contract," Spirit said. The production halt began with the first shift on Thursday, two days before the contract covering roughly 6,000 workers is set to expire. "We continue to monitor the situation and support our valued supplier," Boeing said in a statement.

Persons: Spirit AeroSystems, AeroSystems, Boeing's Organizations: Spirit AeroSystems Holdings Inc, Boeing, Spirit, Airbus, International Association of Machinists, Aerospace Workers, IAM Locations: Wichita , Kansas, U.S

☆ Boeing supplier shuts down plant after workers vote to strike
▼ + stars: | 2023-06-22 | by ( Vanessa Yurkevich | ) edition.cnn.com time to read: +1 min

New York CNN —Spirit AeroSystems, a key supplier to Boeing, shut down its factory in Wichita, Kansas, on Thursday after workers represented by the International Association of Machinists and Aerospace Workers voted to strike. The suspended production comes after employees voted down Spirit AeroSystems’ “best and final offer” and then authorized a strike, according to the union. The International Association of Machinists and Aerospace Workers, or IAM, represents about 6,000 workers at the plant. “The IAM’s dedicated and hardworking membership at Spirit AeroSystems has worked without fail during tumultuous times, including a pandemic that saw everything grind to a halt. “We are disappointed that our employees represented by the IAM rejected our four-year contract offer and voted to strike.

Persons: ’, AeroSystems Organizations: New, New York CNN, Boeing, International Association of Machinists, Aerospace Workers, IAM Locations: New York, Wichita , Kansas

Spirit will suspend factory production prior to the expiration of its contract with the International Association of Machinists and Aerospace Workers (IAM) on June 24, it said. "We are disappointed that our employees represented by the IAM rejected our four-year contract offer and voted to strike," Spirit said. Although IAM and Spirit reached a tentative contract agreement last week, workers voted to reject the deal and strike. In May, Boeing CEO Dave Calhoun said it would be difficult to make contingency plans for a strike at Spirit. Starting on June 22, all IAM-represented employees will not report for work but will receive pay for their regularly scheduled work hours, Spirit said.

Persons: AeroSystems, Dave Calhoun, Valerie Insinna, Abinaya, Jason Neely, Mark Potter Organizations: IAM, Saturday Plant, Boeing, PARIS, Airbus, International Association of Machinists, Aerospace Workers, Spirit, Thomson Locations: Wichita , Kansas, Wichita

‘Living on top of each other’Mission Antarctica: Each year, the UK Antarctic Heritage Trust sends a crack team to run one of the world's most remote post offices. UK Antarctic Heritage Trust Shovel your way in: It was a tough start. UK Antarctic Heritage Trust Food reserves: Unsurprisingly, fresh food is in short supply, other than what comes their way via visiting cruise ships. UK Antarctic Heritage Trust Kitted out: Those sunglasses are crucial if you don't want to risk snow blindness. UK Antarctic Heritage Trust The post office at the end of the world Prev NextThe chosen candidates beat out odds of one in a thousand – but this is not a cozy posting.

Persons: They’d, Clare Ballantyne, it’s, Ballantyne, Lucy Bruzzone, Mairi Hilton, Natalie Corbett, Camilla Nichol, Nichol, “, ”, Vicky Inglis, ‘ Cheeriness, Cheeriness, They’ll, aren’t, Says Nichol Organizations: CNN, Britain’s Royal Navy, Port, Antarctic Heritage Trust, Base, Antarctic Heritage Trust Food, Antarctic Heritage, British Antarctic Survey, International Association of Antarctica Locations: there’s, Antarctica, Inglis, Montreal, Antarctic

☆ Spirit Aerosystems, workers reach tentative four-year labor pact
▼ + stars: | 2023-06-16 | by ( Valerie Insinna | ) www.reuters.com time to read: +2 min

June 16 (Reuters) - Spirit Aerosystems (SPR.N) has reached a tentative four-year contract agreement with the 6,000-member machinists union employed at its Wichita, Kansas plant, the union said Friday in a statement. "This fair and competitive contract recognizes the important contributions of our factory employees and ensures that Spirit can successfully meet increasing demand for aircraft from customers," Spirit Aerosystems said in an emailed statement. A slowdown could have impeded Boeing as it tries to recover from ongoing 737 and 787 production glitches. A stoppage could have also had a detrimental effect on already-fragile Spirit AeroSystems, which has been responsible for several recent production flaws affecting Boeing jets, including a 737 bracket installation problem. In May, Spirit said it expects cash burn of about $100 million to $150 million in 2023.

Persons: Aerosystems, ”, Spirit, Valerie Insinna, Kannaki, David Gaffen, Deepa Babington, Maju Samuel Organizations: Boeing, International Association of Machinists, Aerospace Workers, Thomson Locations: Wichita , Kansas, Wichita

☆ Unionized Apple store workers want you to start tipping them
▼ + stars: | 2023-05-04 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

Workers at Apple's first unionized store in suburban Baltimore are pushing for a tipping system. Employees at Apple's first unionized store in Towson, Maryland are pushing for a contract that includes the introduction of tipping. The proposed system would allow customers to tip store workers in increments of 3%, 5%, or a customized amount for in-store credit card transactions. In October, an Apple store in Oklahoma City became the second to vote to unionize, though its negotiations with management haven't begun yet. In April, a union representative for Apple workers in Towson told The Baltimore Banner that contract discussions have been "very, very slow."

☆ Global derivatives industry defends CDS after banking blow-ups
▼ + stars: | 2023-03-30 | by ( Marc Jones | ) www.reuters.com time to read: +3 min

Credit default swaps (CDS) are derivatives that offer insurance against the risk of a bond issuer - such as a bank - not paying their creditors. European Union markets watchdog ESMA said on Thursday that it, together national regulators, had been "looking into the recent market movements, including in the CDS market". Clearing of individual bank or company CDS is also available at LCH’s CDSClear and ICE Clear Credit. Overall, the credit derivatives market is also far smaller than it was before the 2008 crisis. "The credit derivatives market continues to play a critical role, particularly during times of volatility," Malia said.

☆ United Airlines reaches contracts with better pay for 30,000 ground workers
▼ + stars: | 2023-03-29 | by ( ) www.reuters.com time to read: +1 min

March 29 (Reuters) - United Airlines Holdings Inc (UAL.O) CEO Scott Kirby said on Wednesday the carrier has reached an agreement in principle with a workers union over new contracts that include higher wages for its nearly 30,000 ground workers. The pacts come as airlines strive to retain workers with attractive pay and benefits after a faster-than-expected rebound in U.S. travel demand following the pandemic triggered a shortage. Members covered by the tentative agreements would get more details, the union said in a statement, adding that a ratification vote would be scheduled shortly. The agreements cover seven different work classifications at United Airlines, including fleet service workers, passenger service workers, storekeepers, central load planners, maintenance instructors, fleet technical instructors and security officers. Reporting by Nathan Gomes in Bengaluru; Editing by Shweta Agarwal and Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

☆ United Airlines reaches tentative labor agreements with ground workers union
▼ + stars: | 2023-03-29 | by ( Noah Sheidlower | ) www.cnbc.com time to read: +1 min

An airline passenger checks in at the United airlines desk at the Tampa International Airport in Tampa, Florida, January 19, 2022. United Airlines has reached tentative agreements with a union representing nearly 30,000 ground workers, the labor group said Wednesday. The International Association of Machinists and Aerospace Workers said the two-year tentative agreements cover "industry-best" wage rates, as well as job protection and certain guards against outsourcing roles. Members of IAM District 141 will receive more details about the tentative agreements, the union said in a statement. The two-year tentative agreements cover seven work classifications: fleet service workers, passenger service workers, storekeepers, central load planners, maintenance instructors, fleet technical instructors and security officers.

☆ Why TikTok is taking months to delete personal US user data from servers outside its Project Texas firewalls, even as its political standing sours
▼ + stars: | 2023-03-28 | by ( Dan Whateley | ) www.businessinsider.com time to read: +5 min

Under attack from Congress, TikTok has used its data-gating program Project Texas as a defense. But after 2 years and $1.5 billion spent to-date, Project Texas is still not complete. But after two years and $1.5 billion spent to-date, Project Texas is far from complete. Among those industry standards are state laws around data retention and requirements for safeguarding user data so that it's not lost accidentally, Zweifel-Keegan said. The company also announced on March 8 details for a European version of Project Texas that it's calling Project Clover.

The tool and die workers in a 62-9 vote rejected a campaign by the International Association of Machinists and Aerospace Workers (IAM), according to results announced by the U.S. National Labor Relations Board. The 75 technicians would have been the first group to unionize at the Japanese automaker's largest assembly plant in North America. Nissan spokesperson Lloryn Love-Carter said, "Nissan respects this decision, and we remain focused on working with employees to drive our future forward together." “The IAM will continue to support these workers so we will be prepared for them to join our union when the time is right again," the union said. In 1989 and 2001, workers in Smyrna voted overwhelmingly against joining the United Auto Workers union.

☆ Norfolk Southern reaches new paid sick leave deal as it contends with derailment fallout
▼ + stars: | 2023-03-15 | by ( Noah Sheidlower | ) www.cnbc.com time to read: +2 min

Norfolk Southern said Wednesday it agreed to provide up to seven paid sick days per years for members of the International Brotherhood of Boilermakers and Blacksmiths. The deal provides Norfolk Southern's mechanical railroaders with four paid sick days per year, in addition to three existing days of paid time off that can now be used as sick days. The IBBB is now the ninth of Norfolk Southern's 12 unions that have negotiated paid sick days, benefitting about 6,000 workers. The move comes after months of fighting between unions and railraods – including Norfolk Southern, Union Pacific and BNSF – over paid sick leave. The legislation, however, did not include paid sick leave.

WASHINGTON, March 3 (Reuters) - U.S. President Joe Biden's team is moving to tap top Democratic allies and even some people once seen as possible rivals as key representatives of his expected re-election bid. Biden's team is making other steps, too, including thinking through possible options for a campaign manager a host city for the 2024 party convention where Biden would be formally nominated. The campaign's strategy is expected to be set by the same inner circle that guided Biden's 2020 race against Republican former President Donald Trump, including his final 2020 campaign manager, Jen O'Malley Dillon. In the absence of a formal re-election announcement, the White House continues to book Biden in campaign-style appearances across the country. On Monday, Biden is expected to speak to the International Association of Fire Fighters, the first major labor group to endorse him ahead of the 2020 campaign.

☆ Biden taps CEOs of 3M, CVS, FedEx, Citi, others to join his Export Council on trade
▼ + stars: | 2023-02-28 | by ( Emma Kinery | ) www.cnbc.com time to read: +3 min

U.S. President Joe Biden has appointed the heads of Citigroup , United Airlines , CVS , 3M and FedEx , among other top executives, to sit on a White House advisory committee overseeing international trade. The President's Export Council gives recommendations and insight into the ways government policies impact U.S. trade performance. The group also provides feedback on how Biden's trade policies are affecting businesses across sectors from industry and labor to agriculture. She previously served as chief operating officer and group president of Starbucks and CEO of Sam's Club. The Export Council features expertise from labor, real estate, national security and law, and leaders of Fortune 200 companies.

[1/2] Former U.S. Vice President Joe Biden addresses the International Association of Fire Fighters in Washington, U.S., March 12, 2019. REUTERS/Kevin LamarqueWASHINGTON, Feb 27 (Reuters) - U.S. first lady Jill Biden wants Americans to know that her husband, President Joe Biden, does plan to run for a second four-year term, and she's all for it - even as a formal declaration of his intentions has yet to be made. Cedric Richmond, a former Biden White House adviser, said Biden would announce "whenever he's ready" when asked if an announcement was coming in March or April. Some 71% of respondents, including 52% of Democrats, said they did not believe that Biden should run for re-election in 2024. Democratic strategist Bud Jackson said the issue of whether Biden should run again is a topic of great debate in Democratic circles.

☆ Privacy Regulators Step Up Oversight of AI Use in Europe
▼ + stars: | 2023-02-16 | by ( Catherine Stupp | ) www.wsj.com time to read: +6 min

European privacy regulators are intensifying their scrutiny of companies’ use of artificial intelligence, hiring experts and opening new units to crack down on data violations. “AI is appearing in all sectors,” said Kari Laumann, head of a division for research, analysis and policy at Norway’s data protection authority. The regulator’s office has worked with 64 companies to test AI initiatives under its supervision, in a program started in 2020. Regulators have fined companies for privacy failings in their AI applications in recent years, but European data protection officials and privacy analysts say it is still unclear how to apply some aspects of European privacy law to the technology. Mr. Jairaj said he expects the EU’s coming legislation to force companies to look closely at third-party suppliers of AI products.

Search resuls for: "International Association of"

25 mentions found