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The new contract has generally been seen as a win for the union, as it addresses all of the issues they had had with the company's original proposals. At the same time, the union estimates that the strike cost the company millions of dollars, with the company posting a $49.2 million loss for the second quarter of 2021.
Shell plc (NYSE:SHEL) shares are trading higher following fourth-quarter results. Revenue of $66.28 billion missed the consensus of $71.82 billion. Total production at Integrated Gas fell 4% ...
The United Steelworkers (USW) union, which maintains a collective bargaining agreement with the company, endorsed Cliffs' offer as the "best strategic partner", as phrased by USW president David McCall. [29] U.S. Steel ultimately declined the deal, suggesting that Cliffs was attempting to prevent the company from conducting due diligence. [30]
Royal Dutch Shell is looking to slash up to 40% off the cost of producing oil and gas in a major drive to save cash so it can overhaul its business and focus more on renewable energy and power ...
On September 19, Fain set a new deadline for contract talks. If by Friday, September 22, contract negotiations did not progress significantly, a new set of plants would join the strike. [34] This strategy has been dubbed by Fain a "stand-up" strike, where workers at additional plants will join the strike if talks do not progress. [35]
The US Truth in Negotiations Act 1962 ("TINA") requires that contractors submitting bids should supply certified cost or pricing data before an agreement on price for most negotiated procurements for government contracts worth more than $750,000 for prime contracts awarded before July 1, 2018, and $2 million for prime contracts awarded on or ...
A cost-plus contract, also termed a cost plus contract, is a contract such that a contractor is paid for all of its allowed expenses, plus additional payment to allow for risk and incentive sharing. [1] Cost-reimbursement contracts contrast with fixed-price contract, in which the contractor is paid a negotiated amount regardless of incurred ...
The entire "Fresh Stacks" boxes contain 15% percent fewer crackers than the original packages, however, and cost the same amount. ... Minis cost $4.59 for an 8-ounce bag, while Miniatures cost $4. ...