Tag: Labor costs

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Ford Loses $1.7B in Profits as 6-Week UAW Strike Cuts Sales, US

Ford loses $1.7B in profits as six-week UAW strike impacts sales. Strike resulted in 100,000 lost vehicle sales and $8.8B in additional labor costs. Ford plans to offset expenses through increased productivity and expense reduction. Revised earnings guidance for 2023.

Australia’s Critical Minerals Sector Faces Growing Competition as Permitting Processes and Royalties Put Pressure on Supply

Discover how Australia's critical minerals sector faces growing competition, permitting challenges, and environmental pressures in the race for net-zero emissions.

Culinary Union Workers Set Deadline; Las Vegas Casinos on the Brink, US

Culinary Union sets deadline for Las Vegas casinos in contract negotiations with demands for pay increases, better working hours, and job security. Implications for Formula One race and city's reputation.

Mexico Emerges as Largest US Exporter, Challenging China’s Dominance

Mexico surpasses China as top US exporter, signaling changing global trade dynamics. Proximity to US and lower labor costs boost Mexico's success. Learn more!

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West Hollywood’s Minimum Wage Reaches Impressive Heights of Over $19

Discover how West Hollywood claims the highest minimum wage in the U.S. at $19.08/hr and the effects it has on both workers and employers. Read more now!

Food Delivery Giants Sue New York City over Minimum Wage for Delivery Workers

DoorDash, Uber, and Grubhub challenge NYC's new minimum wage law for delivery workers, arguing their independence, labor costs, and potential impact.

Dollarama Raises Annual Sales Forecast as Canadians Embrace Cheaper Options Amid Rising Essential Prices, Canada

Dollarama raises sales forecast as Canadians seek affordable options amid rising prices. Strong demand for discounted offerings drives quarterly sales surpassing estimates.

BHP Warns Australia’s Critical Minerals Industry Must Compete for Global Investment Capital

BHP warns of Australia's need to enhance competitiveness in critical minerals market. Challenges include resource access, labor costs, and regulatory complexity.

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