Workers at Mitsubishi Plant Accept Cuts in Pay and Benefits
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The deal was in exchange for a promise that their jobs are safe for the next two years at the troubled companyÂs assembly plant.
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Business & money: Ailing car giants push union to agree pay cuts.
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Labor unions at Alcatel-Lucent, the telecommunications equipment maker, agreed to job-reduction plans in France, ending protests that included disruption of the companyâs shareholder meeting in June.
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A vote is anticipated next week on the pact, which will help the auto supplier emerge from bankruptcy protection by cutting wages and benefits.
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General Motors Corp.  said on  Monday that 35,000 workers -- or almost a third of its hourly  work force -- had accepted payouts to retire and leave the  company, topping expectations and putting the world&#039;s largest  automaker two years ahead of schedule on planned job cuts.
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Ahead of talks with unions aimed at stopping a series of strikes, the Royal Mail says its pay offer is final.
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The pilots became the first labor group at the bankrupt airline to agree to a new round of wage and benefit cuts.
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Workers at Swedish retail clothing chain Hennes and Mauritz's French warehouse in Le Bourget, outside Paris, voted to end a three-week-old strike after accepting management's salary hike proposals.
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Automaker, unions agree to eliminate up to 12,000 workers to curb losses and save $665 million a year. By Ed Garsten / The Detroit News.
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The union representing pilots at ATA Holdings Corp. has approved a tentative agreement on wage cuts that may win up to $6 million in immediate savings for bankrupt ATA Airlines, a union spokesman said on Thursday.
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Seeking to end the lockout, the N.H.L. Players Association on Thursday offered an immediate pay reduction of 24 percent and other concessions to the league.
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The United Auto Workers and an automotive supplier have reached an agreement that covers current hourly workers and possibly those at yet-to-open factories, the first multi-plant pact negotiated by the UAW in 20 years.
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The UAW, unable to organize at foreign-owned US auto plants, won the right to represent workers at a new engine plant in Dundee. The plant is a joint venture of DaimlerChrysler AG, Mitsubishi Motors Corp.
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Workers at a General Motors plant in Bochum, Germany, swallowed their anger over job cuts and voted on Wednesday to end a seven-day stoppage that has disrupted output at three other GM factories.
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BERLIN  - Workers at a Siemens AG phone systems plant have agreed to a three per cent hourly pay cut and other concessions to keep 1,100 jobs in Germany that might have been shifted to lower-cost countries, the company said Wednesday.
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Unionized workers at the auto parts supplier could vote to throw out a program that lets them continue receiving most of their pay after being laid off.
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Struggling Japanese carmaker Mitsubishi Motors secures a 56bn yen loan as it continues efforts to turn itself around.