There are 145,000 UAW members at the three companies. The union said 97% of those participating in the strike authorization voted in favor.
Economy
The union’s contracts with General Motors, Ford and Stellantis expire in about a month, at 11:59 p.m. Sept. 14.
Cook County Treasurer Maria Pappas called the legislation “the most significant property tax reform legislation the General Assembly has approved in decades.”
The company currently lists nine Chicago location on its website, including a number in the West Loop and Near West Side, according to the WeWork website.
The bankruptcy filing comes more than a week after the trucking company halted operations, putting 30,000 people out of work. It warned in a lawsuit last month it was at risk of running out of the money it needed to continue to operate.
U.S. employers added 187,000 jobs last month, fewer than expected. But the unemployment rate dipped to 3.5% in a sign that the job market remains resilient.
City officials announced the lawsuit had been filed Thursday against Vision Property Management, LLC, its successor FTE Networks, Inc., and other affiliates in Cook County Circuit Court.
The decision illustrates one way that growing political polarization and repeated Washington standoffs over spending and taxes could end up costing U.S. taxpayers. A lower credit rating, over time, could raise borrowing costs for the U.S. government.
Some 800,000 Illinoisans are working in temporary jobs, according to industry estimates. That number has more than doubled over the last two decades.
New figures provided the latest signs that the Federal Reserve’s drive to tame inflation may succeed without triggering a recession, an outcome known as a “soft landing.”
The last time the Bureau of Labor Statistics officially tracked workers with alternate job arrangements was 2017. But workplace experts say the number of gig workers is growing and their impact is being felt throughout the economy. It could even be distorting government economic data.
UPS has reached a contract agreement with its 340,000-person strong union Tuesday, averting a strike that had the potential to disrupt logistics nationwide for businesses and households alike.
Negotiations broke down earlier this month and unionized workers have been holding rallies and practice pickets across the country. The Teamsters, which represent more than half of the company’s workforce, will resume talks with UPS on Tuesday.
On Friday, Pritzker was in Joliet where he joined other elected officials and local dignitaries to celebrate the grand opening of a new Lion Electric assembly plant, the first new automotive factory in the greater Chicago area since 1965.
Taken together, the two proposals are likely to form the foundation of Mayor Brandon Johnson’s agenda when it comes to labor. A former organizer for the Chicago Teachers Union, Johnson enjoyed the unanimous support of Chicago’s progressive labor organizations.
The Biden administration on Wednesday proposed new guidelines for corporate mergers, took steps to disclose the junk fees charged by landlords and launched a crackdown on price-gouging in the food industry.