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Back in June, ThinkProgress noted that the manufacturing giant Caterpillar was seeking major concessions during contract negotiations with striking workers, even as it was making billions in profits and giving its CEO a 60 percent pay boost. The New York Times’ Steven Greenhouse added more details today, noting that the company wants to implement a six-year pay freeze and a pension freeze, at a time when it is making record profits: “Despite earning a [...] As part of Occupy Wall Street’s call for a nationwide “general strike” May 1, elements within the group are looking to shut down bridges and tunnels in both New York and San Francisco. Occupy Oakland, the most radical of all the local Occupy groups, passed a resolution April 15 that vows to shut down all travel from Marin to San Francisco. “If any of the unions on the Golden Gate bridge declare [...] When Indonesian copper mine workers discovered they were being paid fraction of pay at $3 an hour, subsistence levels, for highly profitable copper mining at the world’s second largest mine, compared to $47 an hour, workers for the same large US Corporation Freeport-McMoran, in other parts of the world, riots started. Several striking workers have been killed; also police have been attacked, with some casualties, [...] BBC Flights, trains and buses were cancelled, and government offices shut. The government has faced criticism over a 45bn-euro (£40bn) austerity package, and has been scrambling to revise it. Some measures have been scrapped or watered down, but on Tuesday new additions were made – including a sales tax hike and revised wealth tax. The sales tax is due to rise from 20% to 21% in the latest version of the [...] Verizon Communications Inc. (VZ), the telephone company where about 45,000 workers are out on strike, told the employees it will suspend certain benefits at the end of the month if they haven’t returned to their jobs. Workers at two unions that have called strikes will lose basic health-insurance, dental, vision and prescription-drug benefits, said Richard Young, a spokesman for the company. Verizon stopped funding the workers’ pensions when their former contract [...] Verizon Communications Inc. reported a dozen cases of sabotaged cable lines and warned of delays in repairs and customer service on the second day of a strike involving about 45,000 employees. The telecommunications company said there have been 12 acts of sabotage to telephone lines and to Internet and television services in Massachusetts, Maryland, New Jersey, and New York since the strike began. Fiber-optic lines were [...] |
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