Cummins announces voluntary staff reductions
Cummins, which reported revenue of $8.4 billion during the third quarter, has 73,600 employees worldwide, including 10,500 in Indiana.
Cummins, which reported revenue of $8.4 billion during the third quarter, has 73,600 employees worldwide, including 10,500 in Indiana.
General Motors, Ford and Stellantis are facing sharply higher labor costs, estimated by some analysts at exceeding $1 billion per year, per company.
The United Auto Workers provided some information on the deals, including a detailed explanation of the agreement it reached with Ford. The agreement is expected to become the model for later settlements with GM and Stellantis.
A global developer of large-scale solar power plants and battery storage projects is expanding into southern Indiana, the Indiana Economic Development Corp. announced Monday.
The contract with General Motors is similar to those reached by Ford and Stellantis, but there are some differences.
The four-year deal, which still has to be approved by 57,000 union members at Ford, could set the pattern for agreements with General Motors and Stellantis.
An Energizer spokesperson said the Franklin plant “will continue to serve as the central distribution center for our U.S. battery and lights businesses.”
United Auto Workers President Shawn Fain said Friday that while Detroit’s automakers have increased their wage and benefit offers, he believes the union can gain more if it holds out longer in contract talks.
Union leaders want promises from the Big Three automakers that their wave of new electric vehicle battery plants will fall under the UAW’s contract and that workers at those plants will make UAW assembly wages of $32 an hour.
Purdue is hosting the multiday Silicon Summit, which is the latest in a string of activities and announcements the school has been involved in regarding microchips and semiconductors over the past year and a half.
The Derby, England-based company is the third-largest manufacturer in the Indianapolis area with about 4,000 local employees.
Cummins focuses on both hydrogen-powered and battery electric products through its zero-emissions business unit, which does business as Accelera by Cummins. But hydrogen is emerging as the breakout star for the company.
UAW President Shawn Fain told workers in a live video appearance that the companies started gaming the system, waiting until Fridays to make progress in bargaining.
The Indiana Economic Development Corp. is committing a state-record incentive package to the joint venture for the second plant, topping the previous record-setting package pledged for the first plant last year.
With the UAW strike now in its fourth week, EVs and their potential impact on job security have become central to union negotiations with the automakers.
In just a few months, Shawn Fain has gone from obscurity to one of the most visible leaders in America, demanding that his workers get more concessions from the Big Three automakers after two decades of givebacks.
The United Auto Workers strike against the Big Three automakers is once again having an effect on Indiana workers.
A clue of possible strike targets might be found in locations where UAW locals have announced they will hold rallies and practice picketing in the coming days. Those include a Ford plant in Louisville and a GM plant in Bedford, Indiana.
UAW President Shawn Fain said more factories could be targeted if “serious progress” toward an agreement isn’t reached by Friday at noon. “We’re not messing around,” he said.
It was the first time in the UAW’s 88-year history that it walked out on all three companies simultaneously, as four-year contracts with the companies expired at 11:59 p.m. Thursday.