Outsourcing violated Alaska contract Airline, union urged to find a remedy
webmaster @ August 8, 2008 # No Comment Yet
An arbitrator ruled Thursday that Alaska Airlines violated its contract with a union when it outsourced roughly 500 baggage handling jobs at Sea-Tac Airport three years ago.
Alaska Airlines’ decision to outsource the jobs was controversial not only because it resulted in mass layoffs, but also because several high-profile incidents were linked to employees at Menzies [...]
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AIG: Potential Losses On Multi-Sector CDOs Up To $8.5 Billion
webmaster @ August 7, 2008 # No Comment Yet
CHICAGO -(Dow Jones)- American International Group Inc. (AIG) has written down the market value of its credit default swap contracts on collateralized debt obligations by $24.8 billion, or to around 69 cents on the dollar for CDOs backed by subprime and Alt-A mortgages, the company’s chief financial officer said Thursday.
Some sectors of its CDOs have [...]
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