Boeing workers in South Carolina vote against union – The Washington Post

It would be a big win for organized labor in the heart of enemy territory.

NORTH CHARLESTON, S.C. — Thousands of workers at a Boeing plant in South Carolina voted against unionizing on Wednesday, perhaps the most important trial of unions’ influence since President Trump’s win last year.

After years of bitter campaigning, workers at the factory said they expected the vote would be a close one, but few thought the union, the International Association of Machinists, would win in a state profoundly hostile to organized labor.

We are disheartened they will have to continue to work under a system that suppresses wages, fosters inconsistency and awards only a chosen few,” the machinists’ organizer, Mike Evans, said of workers at the plant in a statement announcing the defeat.

Source: Boeing workers in South Carolina vote against union – The Washington Post

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Macy’s could have 50 percent upside in a sale: Barron’s | Reuters

Macy’s Inc (M.N) could see its shares rise by 50 percent in a potential sale, as the struggling retailer looks to turn around its business by downsizing its physical-store operations and reinvesting in its online presence, Barron’s said on Sunday.

The Cincinnati-based company, which in recent years has become the sixth-largest online retailer, is a bargain for investors despite Wall Street’s gloomy outlook with management’s plans to close 100 underperforming stores, which could increase its stock by 20 to 30 percent.

It also plans to cut up to 10,000 jobs out of a total 157,900. That could reduce costs by $550 million annually, freeing up funds to invest in the company’s growing online business.

Source: Macy’s could have 50 percent upside in a sale: Barron’s | Reuters

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Just by sticking around, Sears has hurt Macy’s – San Francisco Chronicle

To truly understand the peculiar nature of the department store business, consider that Sears could outlive Macy’s, at least as an independent company. […] Sears has stuck around long enough to deprive Macy’s, which analysts consider a stronger, more viable chain, of much-needed sales and market share. […] that Canadian giant Hudson’s Bay is reportedly in talks to acquire Macy’s, a move that could lead to mass store closings, it’s quite possible that Sears could persevere a little longer and force other struggling retailers to consolidate.

Source: Just by sticking around, Sears has hurt Macy’s – San Francisco Chronicle

Sears may sell land, cut jobs to save $1 billion

Photo: Elise Amendola FILE – In this Thursday, May 17, 2012, file photo, shoppers walk into Sears in Peabody, Mass. The troubled department store chain, says it may sell more of its real estate, cut more jobs and sell more of its famous brands as it seeks to make a profit. The company, which also runs Kmart stores, wants to cut costs by at least $1 billion a year. Shares of Sears Holding Corp., which are down 40 percent this year, soared 45 percent before the stock market opened Friday, Feb. 10, 2017. (AP Photo/Elise Amendola, File) ORG XMIT: NYDK503

http://www.timesunion.com/business/article/Sears-may-sell-land-cut-jobs-to-save-1-billion-10924803.php

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