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Auto workers begin strike at GM plants in Canada, as talks continue

Auto workers have launched strikes at three General Motors facilities in Canada TORONTO -- Auto workers walked off the job at three General Motors facilities in Canada early Tuesday after failing to reach agreement with the automaker. Their union, Unifor, represents more than 4,200 workers at the plant s. They had warned they would begin a strike if no agreement was struck with GM by midnight local time. “We made some progress throughout the day, but sadly not enough,” Unifor President Lana Payne told reporters. She said the union was still speaking with the company, but there was “a lot of ground that needed to be covered to reach a tentative agreement.” The action came after Unifor workers ratified a new three-year labor contract with Ford late last month. They are seeking a similar agreement with GM. “This strike is about General Motors stubbornly refusing to meet the pattern agreement. The company knows our members will never let GM break our pattern — not today — not ever,” Pa...

Tyson Foods closing 4 chicken processing plants in cost-cutting move

Tyson Foods Inc. is closing four chicken processing plants as it looks to lower costs Tyson Foods Inc. is closing four chicken processing plants as it looks to lower costs. The company said Monday that the plants being closed are located in North Little Rock, Arkansas; Corydon, Indiana; Dexter, Missouri and Noel, Missouri. Tyson said that it will shift production to other facilities and halt operations at the four plants in the first two quarters of fiscal 2024. The company currently estimates having $300 million to $400 million in total charges, based on a preliminary analysis. Tyson launched a plan in fiscal 2022 where it targeted $1 billion in productivity savings by the end of fiscal 2024. The company said that it realized more than $700 million of savings in fiscal 2022, which partially offset the impacts of inflationary market conditions. Tyson topped its $1 billion target in the second quarter of fiscal 2023, more than a year ahead of its plan. In May Tyson posted a surprise...