Shares in Republic Airways Holdings Inc. jumped almost 80 percent Monday after the company reached a tentative agreement with its pilots union that eases concerns of a possible bankruptcy filing.
Federal mediators set a Sept. 16 meeting that may rekindle contract negotiations with the Republic’s pilots union and help avoid a bankruptcy filing.
Shares in Republic Airways Holdings Inc. continued to plunge Wednesday morning on investor concern that a bankruptcy is possible after Teamsters officials declined to force a vote on the regional carrier’s final contract offer to pilots.
Republic Airways Holdings Inc. may be moving closer to a possible bankruptcy after national Teamster officials backed a local pilot union’s decision against voting on the carrier’s final contract offer.
More companies may be held responsible for labor-law violations committed by contractors and forced to negotiate wages and benefits with their workers under a decision by the U.S. labor board. The International Franchise Association said the decision is a “seismic shift” in labor law.
Republic Airways Holdings Inc. could be facing bankruptcy after a pilots union recommended against allowing members to vote on the carrier’s latest and possibly final contract offer. Company shares fell 37 percent Wednesday.
Republic Airways Holdings Inc., struggling with a pilot shortage as it works to reach a new contract, said the company may have to seek bankruptcy protection if its latest labor proposal fails.
The decision by the National Labor Relations Board overturns a historic ruling that gave Northwestern University football players the go-head to form the nation’s first college athletes’ union.
Indiana University Health has agreed to revoke disciplinary actions against two nurses who tried to organize a union at IU Health’s Methodist Hospital earlier this year, the United Steelworkers announced.
Republic Airways Holdings Inc. stock dove Monday morning after the Indianapolis-based company slashed its profit outlook and warned of more flight interruptions from an ongoing labor dispute with pilots.
The Teamsters sued Republic, Shuttle America and parent Republic Airways Holdings Inc. last week in federal district court in Indianapolis. The union, which has been negotiating for a new contract since 2007, said the extra pay undercuts its bargaining position.
The National Labor Relations Board declined to dismiss charges that IU Health broke the law by firing one nurse and disciplining another who were involved in trying to form a union at Methodist Hospital.
Organized labor's fierce opposition to President Barack Obama's trade agenda threatens to split the political left and deal a new blow to unions if the president prevails in a House vote that could come this week.
The bill repealing the state law that sets wages for public construction projects is on its way to Indiana Gov. Mike Pence after his strong push for the measure.
Senators voted 27-22 Wednesday to support eliminating the boards that set wages for state or local projects costing more than $350,000.
The Republican-controlled Senate defeated several proposed changes Tuesday to a measure that would repeal the state's construction wage law.
Senate Tax and Fiscal Policy Committee members voted 8-5 Tuesday to support eliminating the boards that establish construction wages for each state or local project.