|

Who’s losing out in this sputtering economy?
Not corporate CEOs. Too many of them have made sure to secure a golden parachute for themselves, while workers face soaring health care costs, foreclosures and an uncertain future.
The Employee Free Choice Act would help level the playing field and get our economy back on track. That’s why we’ve launched a huge campaign to get 1 million people to support this bill and tell Congress it’s time for change!
Sign the petition—we’re already at 29,349 signatures! We need you to be one of them.
BCTGM Report is a monthly newsletter published from the International Union.
Latest Issue:
- HHS Report Slams Health Insurance Companies
- Industry Briefs - Cereals, Snacks Drive Kellogg Full-Year Earnings Growth
- News Briefs - Tell Whirlpool: 'Keep It Made In America—Save Our Jobs'
Click Here to read the newsletter.
HHS Report Slams Health Insurance Companies Profits for the nation's 10 largest health insurance companies increased 250 percent between 2000 and 2009—10 times faster than inflation—but that hasn't stopped the private insurance industry from trying to reach even deeper into consumers' pocketbooks with huge premium increases.
According to a new report from the U.S. Department of Health and Human Services (HHS), the nation's five largest insurance companies took in combined profits of $12.2 billion last year, up 56 percent over 2008.
But companies such as Anthem Blue Cross of California, owned by WellPoint, which enjoyed a $4.7 billion profit in 2009, want more. Anthem announced this month it would raise premiums on 800,000 Californians by as much as 39 percent. Insurers in several other states are seeking similar hikes.
Click Here to read the full article.
Cereals, Snacks Drive Kellogg Full-Year Earnings Growth Net income at The Kellogg Co. in the year ended January 2 was $1.2 billion, equal to $3.17 per share on the common stock, up six from $1.1 billion, or $3.01 per share, in fiscal 2008. Net sales were $12.5 billion, down two percent from $12.8 billion.
The stronger earnings came despite a weaker fourth quarter, in which net income fell two percent as a result of higher ingredient costs and one less reportable week compared with the same period of fiscal 2008. Earnings in the fourth quarter totaled $176 million, or 46c per share, down from $179 million, or 47c per share. Sales in the fourth quarter eased to $2,900 million from $2,933 million.
Kellogg North America operating profit in fiscal 2009 was $1.5 billion, up eight percent from $1.4 billion in fiscal 2008. Sales were $8.5 billion, up from $8.4 billion.
Tell Whirlpool: 'Keep It Made In America—Save Our Jobs'
The Whirlpool Corp. makes a big deal of its concern for the environment and the poor. But now, the company is about to throw 1,100 workers at its Evansville, Ind., refrigerator plant onto the streets and move their jobs to Mexico, where labor and environmental laws are weaker.
You can show solidarity with the Whirlpool workers, most of whom are members of IUE-CWA, by signing an online petition urging Whirlpool to reverse its decision and Keep It Made in America: Save Our Jobs. Click here to sign the petition.
AFL-CIO President Richard Trumka will join Whirlpool workers at the Evansville plant Feb. 26 to deliver the petitions. The workers will then march from the plant to the IUE-CWA Local 808 union hall for a rally where Trumka, workers and union and community leaders will speak.
Whirlpool’s actions are “outrageous and unacceptable,” Trumka says. He points out that Whirlpool recently received $19 million as part of the American Recovery and Reinvestment Act. "Those are our economic recovery funds, not Mexico’s," said Trumka.
Too many people have lost their jobs. Too many jobs have been sent overseas. Enough is enough. Whirlpool’s management can’t take our money, shut down our factories and lay off our workers.
While workers worry about their futures, Whirlpool continues to make huge profits, with revenues of more than $4.8 billion in the past quarter alone. The company is spending $110 million to build the new plant in Mexico.
Whirlpool workers are ramping up their “Shame on Whirlpool” campaign, urging the company not to move the jobs to Mexico. The union is keeping a spotlight on Whirlpool, putting up billboards with the “shame” message and leafleting local stores, including Lowe’s and Sears, that buy Whirlpool products and planning other community events. Check out the “Shame” campaign here.
We Want YOU to Fight for Health Care
Our goal is to win secure, high-quality health care for all.
We are mobilizing a 1 million-member army of health care activists to keep comprehensive health care reform at the top of the political agenda in 2008—and to ensure that the real work of fixing the health care system is actually done after the elections.
Sign the petition and tell everyone you know to sign on today. Click Here.
|