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A once-reliable route to prosperity appears to be vanishing, as evidenced by General Motors' announcement this week that it plans to shed 14,000 jobs. Salaried workers beware: GM cuts are a ...
On September 17, GM stopped providing health insurance to 55,000 union members, [7] forcing the UAW to pay for COBRA. On September 26, it was announced that GM would start to pay health insurance again to people on strike. [8] On October 16, it was announced that GM and the UAW agreed on a new labor contract that ended the month-long strike.
The UAW had been offered 50% and 40% stakes in the new Chrysler and GM, respectively, while the bondholders would have received 33 cents on the U.S. dollar for Chrysler and 10% of the new GM (an analyst stated that the GM offer would be projected to recover 24 cents on the dollar). [34]
GM notified about 1,000 employees, most in metro Detroit, that they were being let go early Friday. GM cuts 1,000 jobs globally, mostly salaried but some hourly, in move to gain efficiency Skip to ...
In 1957, area code 815 was split for the assignment of area code 309 to western central Illinois. No further changes took place for 33 years. In 1989, area code 708 was created for all of the suburbs in the Chicago metropolitan area while the city of Chicago kept the original 312. Area codes 847 (northern suburbs) and 630 (western suburbs) were ...
A strike by auto workers against General Motors is expected to cut pretax earnings by $800 million this year, and another $200 million per week after that, the company's chief financial officer said.
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It was the only new area code created in Illinois between 1947 and the 1989 creation of area code 708. [2] In preparation of an overlay plan with the new area code 779, all calls from the 815 area needed to be dialed with an area code beginning on February 17, 2007. A month later, area code 779 was activated.