More in Labor & Human Resources

  • Newswire

    UPDATE 2-VW, Piech clash on board appointments ahead of AGM  

    * VW installs new board members ahead of May 5 AGM * Piech challenges VW's board choices -Bild * VW, Piech's office, Porsche SE, IG Metall decline comment (Adds Bild report and background) By Andreas Cremer and Jan Schwartz BERLIN, April 30 (Reuters) - Volkswagen and newly departed chairman Ferdinand Piech clashed again on Thursday over supervisory board appointments, causing new strains at the carmaker ahead of what is likely to become a tense shareholder meeting next Tuesday....More
  • Newswire

    VW Stakeholders Back Embattled CEO Winterkorn  

    Labor leaders at Volkswagen and the German state of Lower Saxony, which holds 20% of VW's voting rights, say they continue supporting the CEO whose ouster is being sought by Chairman Ferdinand Piech....More
  • Newswire

    UPDATE 3-Volkswagen CEO survives challenge from powerful chairman  

    * Top VW panel backs CEO in clash with chairman * Row comes as carmaker cuts costs to boost profit * Analysts say too early to write off Piech (Adds analyst comments, share price comparison and background) By Andreas Cremer and Jan Schwartz BERLIN/HAMBURG, April 17 (Reuters) - Volkswagen CEO Martin Winterkorn has survived a challenge from powerful chairman Ferdinand Piech, but their row remains a distraction for the carmaker as it struggles to boost profits and revamp its ailing U.S. business....More
  • Newswire

    VW Moving to Take CEO Scrap Out of Public Eye  

    Sources with the automaker say Chairman Ferdinand Piech will meet within days with cousin Wolfgang Porsche and other family members to discuss Piech's public criticism of CEO Martin Winterkorn....More
  • Newswire

    Report Indicates Discord Between VW Chairman, CEO  

    A German magazine quotes Volkswagen Chairman Ferdinand Piech as saying, "I have distanced myself from (CEO Martin) Winterkorn" and adds the CEO has no chance to succeed him....More
  • Newswire

    Former FAW-VW Executive Gets Life Sentence for Bribery  

    Shi Tao, former deputy general manager of the FAW-Volkswagen joint venture's sales arm, was convicted of taking ¥33 million for steering business orders to advertisers and car dealers....More
  • Newswire

    Unions at Volkswagen's Skoda Unit Threaten Strike  

    Unions at the Czech Republic economy-car manufacturer have rejected VW's offer a 3% pay raise and say morning- and afternoon-shift workers will take one hour off April 15 and conduct a protest....More
  • Apr 1, 2015
    blog

    Is UAW Willing to Give or Just Take?

    Wall Street is reaping most of the riches of America’s resurgence, why not give a little bit of Wall Street to blue collar workers? That’s the fastest way to help bridge the gap in income inequality....More
  • Newswire

    Hyundai Motor Chair's 2014 Compensation $5.2 Million  

    Chung Mong-koo's 2% raise reflects the automaker's lackluster 2014 earnings stemming from a weak yen and ruble....More
  • Newswire

    Ford CEO Fields' 2014 Salary, Compensation Totals $18.6 Million  

    Fields' compensation is based in part on a Ford formula for meeting performance targets, of which 91% were met last year, compared with 112% in 2013....More
  • Newswire

    UAW Debating Plan to Fight Automakers' 2-Tier Wages  

    UAW leaders are calling for "bridging the gap" between the two wage levels paid to Detroit Three hourly workers, but some delegates to the union's bargaining convention want the pay gap eliminated....More
  • Newswire

    UPDATE 1-GM, Ford to ask UAW for new lower-pay tier in U.S. -Bloomberg  

    (Adds comment from GM) March 23 (Reuters) - U.S. automakers General Motors Co and Ford Motor Co are considering asking the United Auto Workers union to create a new tier of lower-paid union workers in their U.S. factories, Bloomberg reported citing people familiar with the matter. The UAW currently has a two-tier wage system, that includes top-paid $28-an-hour assembly workers and the lower-paid second tier, whose wages top out at $19.28....More
  • Newswire

    Toyota Latest Japanese Company to Raise Worker Pay  

    The automaker's monthly base-pay raise of ¥4,000 per worker is short of union demands for ¥6,000, but it exceeds last year's ¥2,700 boost and is its largest in more than a decade....More
  • Newswire

    Visteon CEO Leuliette Stepping Down  

    The 65-year-old Leuliette has overseen the supplier's restructuring into specializing in automotive electronics....More
  • Newswire

    Report Says Tesla Revamping Sales Leadership  

    Bloomberg reports the electric-vehicle maker will return Jerome Guillen, currently its vice president-global sales and service, to a customer-satisfaction position....More
  • Newswire

    Apple Wants Battery Maker's Lawsuit Quashed  

    Apple and five former A123 Systems engineers were sued in February by the battery maker, which accuses the technology titan of hiring engineers who could contribute to development of an electric car....More
  • Newswire

    Short of Sales Target, Tesla Cuts China Jobs  

    The U.S.-based electric-vehicle maker says the job cuts are part of a restructuring plan announced earlier this year, but does not comment on a newspaper report saying 180 of its 600 China positions have been eliminated....More
  • Newswire

    Ford Romania Plans About 500 Layoffs  

    The automaker says it has reached an agreement with unions representing workers at the Craiova plant to reduce the work schedule, allowing it to reduce this year's planned layoffs from 680 to about 500....More
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