January 29, 2009: US trucking company Arkansas Best Corp (ABFS.O) swung to a surprise fourth-quarter loss and said it slashed about 1,100 jobs in the period as the US recession brought "unprecedented weakness" to its business, pushing down both freight volumes and prices.
Click here to read more at Reuters.The Teamsters joined the United Autoworkers (UAW) and five other international unions representing members at the largest U.S. defense contracts in a letter calling on Congress to ban defense contractors from funneling money to Wall Street investors through stock buybacks and dividends instead of investing in jobs and infrastructure.
Amazon drivers at the company’s DBK1 facility in New York City marched on the boss to demand union recognition and better pay, healthcare, and job security.
