Dan Adamus, president of the ALPA Canada, said it was too early to say how the union would respond to WestJet expansion plans. Adamus said the pilots are currently focused on choosing permanent representatives within a maximum of 60 days, surveying pilots, and moving forward on a legally binding contract.support all forms of improvements and airline expansion, Adamus said. Just want to make sure that the pilots work (with the ULCC) is going to be theirs to do, that the work is not farmed out to some other third party we have to wait and see exactly what the company has planned in that area.Chris Murray, an analyst with AltaCorp Capital Inc., says the union push adds uncertainty, and will affect WestJet ability to drive down the costs of operating a ULCC.we know is that it probably not going to reduce costs and make things easier to do, but how much more complicated it gets, is unknown..
Athletic apparel maker Nike had its best day in almost two years Friday. Its shares jumped 11 per cent after a strong quarterly report.Among industrial companies, construction equipment maker Caterpillar climbed 1.7 per cent.Stocks took a downturn in the final minutes of trading as health care and technology companies and banks finished with modest losses.The Standard Poor 500 index rose 3 points, or 0.2 per cent, to 2,423.The Dow Jones industrial average picked up 62 points, or 0.3 per cent, to 21,349.Nike jumped 9 per cent Friday after a strong quarterly report.Elsewhere, Under Armour gained 2.1 per cent and home improvement retailer Lowe added 1.5 per cent.Banks lost ground and small company stocks were lower. Sterling Bancorp fell 1.4 per cent and Universal Insurance Holdings gave up 2.5 per cent.The Standard Poor 500 index rose 4 points, or 0.2 per cent, to 2,424 on the last day of the second quarter.Commercial real estate investment trust Parkway rose 12.2 per cent after the Canada Pension Plan Investment Board agreed to buy it for about $1.13 billion..
The banking industry got a lot of flak after the death of an overworked Bank of America intern in 2013, when Wall Street sweatshop work culture was contrasted unfavorably with that of tech firms, which provided all sorts of creature comforts to their employees. Well, evidence is mounting that working for tech giants can be just as unforgiving as working in high finance.The New York Times has published a long expose of the corporate culture at Amazon. One employee said the company regularly drives people to tears, another that it turns people into According to the story, Amazon employees with personal problems that reduce their ability to work as hard as others cancer, for example, or a miscarriage get low performance reviews and are squeezed out of the company.