Hot Topics
Jobless Claims
-
Renault gains union OK to cut 7,500 jobs, freeze pay
… giving companies the right to reduce working time and salaries when demand slows while also extending medical and unemployment benefits and increasing taxes on short-term contracts. Renault's global deliveries fell 6.3 percent to 2.55 …
-
Automaker chiefs urge end to European austerity
… government is imposing its fifth package of austerity measures in a year, including a higher sales tax and cuts in unemployment benefits , public-sector jobs and wages. At the same time, the country has renewed an incentive program to lure consumers …
-
PSA, Renault realities force French gov't rethink
… euro crisis and the competitiveness of its manufacturers can partly be traced to Schroeder, who cut taxes, unemployment benefits and health-care services from 2003 in what was seen as the biggest change to the German welfare system since …
-
LG Chem confirms delay at battery plant
… Michigan said in a release this week. Although the furloughs are unpaid, employees are eligible to receive unemployment benefits and their regular health insurance benefits since company is paying the members' shares of the benefits premiums …
-
Autoworkers earn less to bring manufacturing jobs back to the U.S.
… permanent employees and the temps knew they were going to get let go." She said she didn't want to live on unemployment benefits after the plant shut down, so she took the job at the nursing home. In the meantime, she went back to school …
-
French minister said to want PSA CEO Varin to keep job, revise plan
… scheduled on July 25 to unveil plans to support the country's automobile industry and stem job losses after France's jobless claims rose to a more than 12-year high. The government's proposals may include support for hybrid cars and an incentive program …
-
Auto restructuring was effective
… loss of jobs and the loss of one of America's signature industries would have been devastating. Monies spent in the restructuring would have been spent in unemployment benefits without the potential for the rebound we are now enjoying.
-
Obama: Retooled auto industry helps but won't solve pain at pump
… pump over time." Obama has been riding a wave of positive economic news as homebuilding and car sales have improved and jobless claims have declined. While the numbers beat forecasts, indicating the recovery is gaining steam, gas prices are rising …
-
'This isn't the same GM'
… crunch production schedules and incentives. An economist walks through macro indicators such as consumer confidence and jobless claims . It's a simpler, more focused process than in the old days, Reuss says, when as many as 100 people attended production …
-
White House plan aims to speed creation of U.S.-made, high-tech goods
… initiative as the U.S. unemployment rate remains at a stubbornly high 9.1 percent and initial claims for state unemployment benefits are ticking higher after months of decline. The U.S. economy is struggling to gain traction against high …
-
Some ammo for dealing with the bailout-bashers
… getting loans. For argument's sake, critics should calculate the cost to the federal government of providing unemployment benefits for another 1.45 million people. This is what the nonpartisan Center for Automotive Research did in a recent study …
-
U.S. seeks 5% fuel economy gains through 2016
… we did was we put another third into emergency relief. All those Americans who were laid off, we extended unemployment benefits -- and that's made a difference for 12 million Americans, including 570,000 right here in Ohio …
-
Chrysler minivan plant in Windsor to be idled for parts shortage
… should receive 65 percent of their normal pay during the closure, but the other workers will need to rely on unemployment benefits from the Canadian government Laporte said the plant is closing because of several parts or raw materials shortages …
-
Late spurt points to a big '11
… improvements in consumer spending and confidence," Johnson said. "We expect the extension of tax cuts and unemployment benefits will help propel consumer spending." IHS Automotive forecasts that North American light-vehicle production …
-
Top D.C. priority: Keep the industry's recovery on track
… What the industry needs now from Washington is consistency. The bipartisan extension of the Bush tax cuts and unemployment benefits will help. There also must be regulatory realism in safety and fuel economy standards; a monetary policy that …
-
Sales landmarks: Year's strongest month; Ford overtakes Toyota; Camaro sets pace
… Johnson sees 2011 auto sales picking up the pace in the second half. 'We expect the extension of tax cuts and unemployment benefits will help propel consumer spending,' he said. Ford moves up; Nissan thwarts Hyundai-Kia Ford Motor replaced …
-
Sales landmarks: Year's strongest month; Ford overtakes Toyota; Camaro sets pace
… Johnson sees 2011 auto sales picking up the pace in the second half. “We expect the extension of tax cuts and unemployment benefits will help propel consumer spending,” he said. Ford moves up; Nissan thwarts Hyundai-Kia Ford Motor replaced …
-
Obama, Republicans tentatively agree on estate-tax plan sought by dealers
… yesterday calls for a two-year extension of Bush-era income tax cuts at all income levels It also would extend unemployment benefits for long-term jobless and reduce worker payroll taxes for a year, among other things, at a cost of $900 …
-
COMMENTARY: Some ammo for dealing with the bailout-bashers
… getting loans For argument's sake, critics should calculate the cost to the federal government of providing unemployment benefits for another 1.45 million people. This is what the nonpartisan Center for Automotive Research did in a recent …
-
Surplus GM workers must transfer or lose benefits
… in Michigan must transfer to the Lordstown Assembly Plant in Ohio next month or risk losing all supplemental unemployment benefits . The transfer is part of a landmark deal with the UAW that reduces wages at the Michigan plant so that GM can …
