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You are here: Home / Corporate profits have soared and workers from Amazon to United Airlines are demanding their cut

Corporate profits have soared and workers from Amazon to United Airlines are demanding their cut

Pilots demonstrating for better working conditions people who fly planes for Amazon.com and Atlas Air Worldwide picket outside Amazon.com’s annual shareholders meeting, May 22, 2019, in Seattle, Washington. Ted S. Warren | AP Photo In the decade since the U.S. emerged from the recession, many industries, including airlines and automakers, have enjoyed a near uninterrupted streak of profits. U.S. airlines, better known for their boom and bust cycles, are headed for their 10th straight year of profitability. The top four biggest airlines and three biggest automakers in the country brought in more than $25 billion in profit last year. Now, across the U.S., workers who assemble cars, fly planes, prepare airplane food, clean hotel rooms and stock grocery store shelves, just to name a few — many of them unionized employees in the middle of contract talks — are determined to get a bigger cut of the spoils. Avoiding strikes The contracts currently under negotiation between the United Auto Workers and Big Three Detroit automakers expire in September and will set the wages and benefits for about 158,000 employees for the next few years. The more than 37,000 pilots at the three largest U.S. airlines — Delta, United and American… Read full this story

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Corporate profits have soared and workers from Amazon to United Airlines are demanding their cut have 224 words, post on www.cnbc.com at August 4, 2019. This is cached page on CuBird. If you want remove this page, please contact us.

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