Despite the influx of workers, average hourly wages rose 0.4% from June and 4.4% from a year earlier—numbers that were hotter than expected and are likely to worry the Federal Reserve.
The union is seeking more than 40% general pay raises over four years, restoration of pensions for newer hires, cost-of-living increases, an end to wage tiers, and other benefits.
Stitch, a marketing tech consulting firm, can earn up to $3.3 million in state economic incentives if it hires at least 100 Hoosiers by the end of 2027. The company launched last year out of Indianapolis venture studio High Alpha.
The 605,000-square-foot redistribution center at 4337 AllPoints Drive will replenish the company’s 10 parts distribution centers across the United States and Canada.
Union President Shawn Fain has set high expectations for the contract talks and says the union will seek more than 40% general pay raises over four years
Local tech firms that have started to use the technology say, with the caveat that it’s difficult to make long-term predictions about ever-changing technology, that they view generative AI as a tool rather than a job killer.
More than ever, Indianapolis-area companies are becoming so-called “second-chance employers” willing to hire people with arrest records and providing additional services to ex-offenders needing first jobs.
The United Auto Workers union says it has filed unfair labor practice complaints against Stellantis and General Motors for failing to make counteroffers to the union’s economic demands.
Rosenberg talked with IBJ about the modern economic development landscape, his vision for the LEAP innovation district in Boone County and the rising cost of economic development incentives.
A strike of more than a couple of weeks would reduce still-tight supplies of vehicles on Detroit automakers’ dealer lots. With demand still strong, prices would rise.
A strike against all three major automakers—General Motors, Stellantis and Ford—could cause damage not only to the industry as a whole but also to the Midwest economy, and could lead eventually to higher vehicle prices.
The offer comes just a week before the UAW’s national contracts with GM, Stellantis and Ford expire, and even though both sides are far apart, it’s a sign of movement on economic issues.
Thursday’s hearing dealt with whether Indiana’s election code prohibits or limits corporate contributions to political action committees that engage in independent campaign-related expenditures.
In an online address to union members, United Auto Workers President Shawn Fain said General Motors, Ford and Stellantis have raised their initial wage offers, but have rejected some of the union’s other demands.
