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Leid Stories – 10.05.15

Auto Workers Say ‘No’ to Contract; Put Union, Fiat Chrysler on the Ropes

Whole Foods’ Version of ‘Conscious Capitalism’: Cut 1,500 Jobs

With two-thirds of about 40,000 workers at Fiat Chrysler Automobiles rejecting a tentative contract last week, both the automaker and the United Auto Workers leadership are reeling from the stunning defeat—a harbinger of what might happen with contractions at General Motors and Ford Motor Company. The Big 3 employs 141,000 workers.

Alex Wassell, a veteran auto worker and member of Local 869, explains why the rank and file voted against the new contract.

Over the next two months, Whole Foods Market will cut 1,500 jobs—a move, it says, is necessary to bring down costs to consumers and to fund an upgrade in its technology.

Leid Stories in a commentary on Whole Foods’ recent questionable business practices asks: Is this what co-CEO and co-founder John Mackey means by “conscious capitalism?”

 

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