LaborUnionNews.com's News Digest for Thursday, July 6, 2023
Top Stories: How FedEx can benefit from a UPS strike; Job openings fell by 500K, but...; Teamsters are willing to sacrifice 22,000 union trucking jobs; Hospitals short on cash & more...
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TOP STORIES…
[61 total articles]
As UPS and Teamsters hit contract impasse, how much does FedEx stand to benefit?
Here are four things to know about how FedEx could benefit from the UPS-Teamsters' impasse over a new labor contract — one that could likely lead to a strike. Read more…
Reminder for paid subscribers: For more articles regarding ongoing Teamsters-UPS news, scroll to the Teamsters @ UPS section near the bottom of the News Digest.
Job Openings Fell by Nearly 500K in May
Job openings plummeted by 496,000 in May to 9.8 million, according to the monthly JOLTS report released by the U.S. Bureau of Labor Statistics. The largest drops in job openings were in health care, as well as finance and insurance. Monthly job openings have fallen from a record 12 million in March 2022 but remain above the pre-pandemic level of about 7 million. Read more…
...BLS: Still 9.8 million openings...
Why the Teamsters union is willing to sacrifice 22,000 union trucking jobs
Last month, Teamsters claimed Yellow, one of the largest trucking companies in the United States, told the union that Yellow would be out of cash by August. To avoid demise, Yellow’s executive team said Teamsters, which represents some 22,000 Yellow employees, must permit operational changes the union previously approved.
Teamsters General President Sean O’Brien’s response? Go ahead and shut down. Read more…
WSJ: Some Hospitals That Spent Big on Nurses During Pandemic Are Now Short on Cash
Distressed hospitals are reporting they don’t have enough cash to satisfy lenders, which typically require borrowers to meet periodic profit and other financial targets. Read more…