The director of the Pension Benefit Guaranty Corporation (PBGC) is to leave his post in August after four years in the role.
In a letter to colleagues on Friday, Josh Gotbaum said, as he had three children in college, he had promised his wife he would return to the private sector, the Wall Street Journal (WSJ) reported.
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More than 200 Cincinnati Local 100 Teamsters are celebrating a contract campaign victory at Zenith Logistics, a third-party operator for Kroger. Zenith Teamsters ratified the contract unanimously, 118-0. Their new contract includes a nearly $5 raise in the first year and replaces company health coverage with TeamCare.
UPS announced third quarter profits of $2 billion. The company slashed 34,000 operational jobs and Wall Street cheered. UPS shares rose 8%. Make no mistake—this company and its investors don’t give a damn about the Teamsters who create their wealth.
