Business
The latest proposed contract maintains the 10% immediate raises that the last deal offered, and it makes what the United Auto Workers union called modest changes to the details of Deere’s internal incentive pay program for workers.
In September, 4.4 million people left their jobs, according to the latest data from the U.S. Bureau of Labor Statistics. Some say workers have spent the pandemic reevaluating their priorities and values, leading them to leave their places of work or demand more from their employers.
As union contract negotiations wrap at John Deere, the used tractor business sees a boom. Ann Dwyer has details on that story and more.
On Monday, the Environmental Protection Agency released its first National Recycling Strategy, which aims for a 50% recycling rate in the U.S. by 2030.
Unless spending snaps sharply back to services — or something else leads people to stop buying so much — it could take deep into 2022 or even 2023 before global supply chains regain some semblance of normalcy.
The United Auto Workers said in a statement Friday night that the proposed contract with the agricultural machinery giant “includes modest modifications" to the latest rejected proposal, which included immediate 10% raises.
Cinespace Studios, which helped spark a boom in movie and television production in Chicago, has been sold to a private equity firm that tapped a former Netflix executive to lead the operation on Chicago’s West Side.
The Labor Department said Friday that 4.4 million people quit their jobs in September, or about 3% of the nation’s workforce. That’s up from 4.3 million in August.
$50M airfield cargo expansion first phase of grander plan
The Rockford Airport Authority is not ceding Bell Bowl Prairie, an ancient prairie remnant that’s part of the airport’s nearly 3,000-acre property. In an interview with WTTW News, the authority reaffirmed its commitment to a $50 million expansion plan that would impact the five-acre prairie.
Construction on the Chicago Park District’s new $65 million headquarters in Brighton Park is already $4 million over budget just months after the project broke ground, demonstrating how challenging it is to redevelop former industrial sites, officials said.
The opening trade of $106.75 gave Rivian a market value of about $91 billion, greater than that of Ford and General Motors. That’s noteworthy because Rivian has so far delivered about 150 of its electric pickup trucks to customers, mostly employees, whereas Ford and GM sell millions of cars globally each year.
Following controversial remarks by McDonald’s CEO, a new campaign asks the company to do more than apologize. That story and more with Crain’s Chicago Business reporter A.D. Quig.
The bells will be clanging, but coins won’t necessarily be clinking as the Salvation Army kicks off its annual Red Kettle campaign Monday. With people carrying less cash, the Salvation Army has adjusted to accept more contactless payment methods in 2021.
As the holiday season nears and families across the country prepare to observe the traditions that make their celebrations special, the state of the global supply chain has been thrust into the spotlight.
As the weather starts to turn chillier and the days grayer, many Chicagoans rely on coffee to bring them some daily sunshine. But the people who grow the beans around the world don’t always benefit from the wealth their product creates.
The North Side food pantry is teaming up with nonprofit Fresh Food Connect to launch a mobile app that will allow home and community gardeners to donate some of their fresh grown produce.