Union strikes again!

"The number of union employees at Verizon has declined since the last strike, when it was at 87,000. Verizon Wireless, the company's big growth driver, has few union employees" When you read this kind of statement you can't but wonder why would they hire less and less union employees? Might it be because lately Unions take companies and consumers hostage of their so-called demands, also known as corporate bullying?

Never mind fair working conditions, unions get greedier and greedier, to benefit their leaders. Unions were created as positive entities necessary to protect employees from greedy employers, way back when. At some point, the tables turned and now we need to save employees and companies from greedy union leaders.

Read on

Investment in AZ on potential porphyry copper project

The company announced its investment of US$652 million to support the feasibility study for porphyry copper. The company expects these Pre-feasibility studies to be completed by 2012, and production at the new mine would start by 2020. The indicated goal is to reach a copper production of 500,000 tonnes per annum.

This production increase is surely going to translate into more jobs for Arizona workers. It'll be interesting to watch the current work-force conditions vs. the job market in AZ in 2020.

Full company release

GM has a tough 2nd Quarter

Today, GM reported a loss of over $15 billion in the 2nd Quarter of '08. This is partly due to a decrease in sales and many other factors, among which you can count a "$197 million charge related to the settlement of a nearly three-month strike at supplier American Axle and Manufacturing Holdings Inc., which hurt production at more than 30 GM plants."

This is bad news folks. If one of the largest auto manufacturers in the county is having a hard time it's probably because, in spite of any official reports, our economy is at an all-time low. Of course, this doesn't help the upcoming election, but I think it's time to fact the facts.

See GM article