Current Employment

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As companies continue to suffer losses, unionized workforces are increasingly worried about their employers’ health and the future of their jobs. Some unions in troubled companies are finding an unlikely source of salvation and partnership: private equity.

On the contrary.

As some of the dust begins to settle from the financial and professional fallout, Forbes says the mass layoffs in the financial industry are grossly affecting women over men.

AIG’s Edward Liddy says the employment contracts signed by derivative execs are forcing him to pay them millions in bonuses. This is still the guy who canned 6,000 agents at Allstate, right? And he saw the auto bailout in the news?

So what the @#$# is going on?

Layoffs, massive reductions in pay and benefits and new laws burdening and confusing employers led to a 95% increase in employment-related lawsuits from 2007 to 2008.

Sound familiar? Well, those numbers aren’t from the DOL. They’re from the Supreme People’s Court of China.

GM and Chrysler are set to issue their multi-hundred-page “restructuring reports” to Congress tonight, but already insiders are pointing to the United Auto Workers’ hard line on concessions as a reason the Plans will fail.

After major concessions less than 2 years ago, and a misrepresentation of what the fight’s about in the media, Tim Eavenson walks a mile in the union’s shoes and proposes that the Auto Bailout may have been doomed from the start.