Square D/Schneider Electric ratifies new 3-year labor deal
PALATINE, ILLINOIS - Square D/Schneider Electric announced that all nine bargaining units located at seven of its manufacturing facilities in the United States have ratified a new three-year labor contract.
The contract was ratified in local union votes taken over the past few days.
Negotiations for the contract involved three international unions: the International Association of Machinists and Aerospace Workers (IAM&AW), the International Brotherhood of Electrical Workers (IBEW) and the International Brotherhood of Teamsters (IBT).
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Energy prices trigger EU inflation, poor worst hit
BERLIN - Higher energy prices, including for natural gas, are pushing up electricity prices and the cost of living for households across the EU, prompting governments to cut taxes and provide financial support to the tune of several billion euros.
A series of reports published by Cambridge Econometrics in October and November 2022 found that households in EU countries are spending much more on energy than in 2020 and that governments are spending billions of euros to help consumers pay bills and cut taxes.
In France, for example, the poorest households now spend roughly one-third more on energy than in 2020. Between…
