logo
Labor dispute jeopardizes Columbus firetruck purchase

Labor dispute jeopardizes Columbus firetruck purchase

Yahooa day ago

COLUMBUS, Ohio (WCMH) – A $2.5 million agreement between the city of Columbus and a Dublin-based firetruck manufacturer could be in jeopardy.
Union members at the company, Sutphen, went to a picket line at midnight Wednesday to protest what they said are unfair labor practices. On May 19, Columbus City Council approved the funding for a new fire truck from Sutphen.
First responders line roads as body of killed deputy returned to Morrow County
The previous week, the Teamsters Local 284 union had asked council not to pass the funding until a months-long labor dispute between Sutphen and the union was resolved. Council was told negotiations were scheduled and approved the funding.
The next step would be for the city to negotiate the agreement with Sutphen. At the meeting, they said there would be multiple built-in safeguards allowing the city to back out of the agreement if the company did not conduct fair negotiations with the union workers.
The union stated that it has not received a contractual raise since 2023. Now, union members are picketing, saying they have been working without a contract for months and want the company to come to the table to negotiate pay and benefits.
There are 90 Teamster Local 284 members at Sutphen, and a representative said this makes up the production workforce.
Why the Short North may soon charge extra for dining, shopping
'We've been working for eight months without a contract, trying to fulfill what we're doing, producing trucks for them and still no talks with them. So that's why we're here,' Teamsters Local 284 member Jerry Becker said. 'We're here to build fire trucks and we would like to get back to it.'
This comes as the local firefighters' union has raised the alarm about a critical fire vehicle shortage that they say could affect community safety.
In a statement, Sutphen representatives said it was working with union representation to reach a deal.
'Sutphen has and will continue to negotiate in good faith to reach a fair and reasonable agreement for all stakeholders,' the statement reads. 'With multiple meeting dates set on the calendar for the near future, we look forward to continuing bargaining efforts.'
Victoria's Secret responds after website, app shutdown leaving customers in the dark
Columbus City Councilmember Emmanuel Remy said the agreement signed by the city allows for it to back out should labor disputes cause issues with the city receiving the fire engine. His statement reads:
'Council is united in support of fair labor practices and in standing up for the rights of working people. That includes respecting workers' voices on the factory floor and delivering quality, dependable equipment for our first responders.
'The legislation we passed, reflects our values and accountability: it requires a liquidated damages clause and allows for contract cancellation if the company fails to deliver on time—especially if delays stem from labor disruptions or quality concerns tied to replacement workers.'
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

US group including 49ers Enterprises buys majority stake of Glasgow club Rangers
US group including 49ers Enterprises buys majority stake of Glasgow club Rangers

Fox Sports

timean hour ago

  • Fox Sports

US group including 49ers Enterprises buys majority stake of Glasgow club Rangers

Associated Press GLASGOW, Scotland (AP) — Scottish soccer club Rangers confirmed on Friday a U.S.-based consortium that includes an investment arm of the San Francisco 49ers has purchased a majority ownership stake. Rangers said health insurance entrepreneur Andrew Cavenagh and 49ers Enterprises led the consortium of investors that was reported to have bought a 51% stake. The purchase price was not disclosed. The club said the group has committed to invest 20 million pounds ($27 million) right away, subject to shareholder approval in June. In July 2023, 49ers Enterprises completed the takeover of Leeds, which will play in the Premier League next season after winning the second-tier title. In Glasgow, takeover talks had been ongoing for months as Rangers finished a distant second to fierce rival Celtic in the Scottish Premiership this season. Celtic has won the league title for four straight years. Cavenagh, co-founder of Philadelphia-based Pareto Health, will serve as Rangers board chairman. 'This club's history and traditions speak for themselves, but history doesn't win matches,' he said in Friday's announcement. 'Our focus is simple: elevate performance, deliver results, and bring Rangers back to where it belongs — at the top.' Paraag Marathe, who will be the board's vice chairman, is the president of 49ers Enterprises — a sports investment entity also led by San Francisco 49ers chief executive Jed York. Marathe is also chairman of Leeds. ___ AP soccer: recommended in this topic

US group including 49ers Enterprises buys majority stake of Glasgow club Rangers
US group including 49ers Enterprises buys majority stake of Glasgow club Rangers

Yahoo

timean hour ago

  • Yahoo

US group including 49ers Enterprises buys majority stake of Glasgow club Rangers

Rangers' Cyriel Dessers celebrates scoring their side's first goal of the game during the Scottish Premiership soccer match between Rangers and Celtic at Ibrox Stadium, Glasgow, Scotland, Sunday, May 4, 2025. (Steve Welsh/PA via AP) Rangers' Cyriel Dessers celebrates scoring their side's first goal of the game during the Scottish Premiership soccer match between Rangers and Celtic at Ibrox Stadium, Glasgow, Scotland, Sunday, May 4, 2025. (Steve Welsh/PA via AP) Rangers' Cyriel Dessers celebrates scoring their side's first goal of the game during the Scottish Premiership soccer match between Rangers and Celtic at Ibrox Stadium, Glasgow, Scotland, Sunday, May 4, 2025. (Steve Welsh/PA via AP) Rangers' Cyriel Dessers celebrates scoring their side's first goal of the game during the Scottish Premiership soccer match between Rangers and Celtic at Ibrox Stadium, Glasgow, Scotland, Sunday, May 4, 2025. (Steve Welsh/PA via AP) Rangers' Cyriel Dessers celebrates scoring their side's first goal of the game during the Scottish Premiership soccer match between Rangers and Celtic at Ibrox Stadium, Glasgow, Scotland, Sunday, May 4, 2025. (Steve Welsh/PA via AP) GLASGOW, Scotland (AP) — Scottish soccer club Rangers confirmed on Friday a U.S.-based consortium that includes an investment arm of the San Francisco 49ers has purchased a majority ownership stake. Rangers said health insurance entrepreneur Andrew Cavenagh and 49ers Enterprises led the consortium of investors that was reported to have bought a 51% stake. The purchase price was not disclosed. Advertisement The club said the group has committed to invest 20 million pounds ($27 million) right away, subject to shareholder approval in June. In July 2023, 49ers Enterprises completed the takeover of Leeds, which will play in the Premier League next season after winning the second-tier title. In Glasgow, takeover talks had been ongoing for months as Rangers finished a distant second to fierce rival Celtic in the Scottish Premiership this season. Celtic has won the league title for four straight years. Cavenagh, co-founder of Philadelphia-based Pareto Health, will serve as Rangers board chairman. 'This club's history and traditions speak for themselves, but history doesn't win matches,' he said in Friday's announcement. 'Our focus is simple: elevate performance, deliver results, and bring Rangers back to where it belongs — at the top.' Advertisement Paraag Marathe, who will be the board's vice chairman, is the president of 49ers Enterprises — a sports investment entity also led by San Francisco 49ers chief executive Jed York. Marathe is also chairman of Leeds. ___ AP soccer:

This Incredibly Cheap Growth Stock Could Soar 44%, According to Wall Street Analysts
This Incredibly Cheap Growth Stock Could Soar 44%, According to Wall Street Analysts

Yahoo

timean hour ago

  • Yahoo

This Incredibly Cheap Growth Stock Could Soar 44%, According to Wall Street Analysts

Opera delivered outstanding results recently and its guidance points toward an improvement in its growth. The stock is cheaply valued, and its earnings growth suggests it is on track to deliver solid gains to investors. 10 stocks we like better than Opera › Shares of Opera (NASDAQ: OPRA) have blown hot and cold on the market so far this year, as the company's strong quarterly results have been overshadowed by the broader stock market weakness; however, analysts are expecting shares of the Norway-based web browser maker to reverse the 8% drop they have witnessed so far in 2025 and head higher in the coming year. Opera stock carries a 12-month price target of $25 as per the seven analysts covering the stock, with all of them having a buy rating. That points toward 44% gains from current levels. There is a good chance that Opera will be able to indeed deliver such solid gains and head higher thanks to its impressive growth and attractive valuation. Let's look at the reasons why buying Opera stock right now could turn out to be a smart move. Opera released its first-quarter results on April 28, and the company crushed Wall Street's expectations by a big margin. Its revenue shot up 40% year over year, while adjusted earnings increased by 35%. This marks a significant improvement from the year-ago period when the company reported a 17% jump in revenue and a flat bottom-line performance. What's more, Opera has raised its full-year revenue growth guidance by three points to 20% to $575 million at the midpoint. The company, which is known for its web and mobile browsers, has been benefiting from the stronger monetization of its properties. Advertisers are now spending more money on the company's Opera Ads platform, which gives them multiple channels to reach its 293 million monthly active users (MAUs) across both mobile and desktop. From programmatic advertising that uses real-time data to help advertisers buy and serve ads to premium display areas on its web browsers to push notifications and in-app notifications, Opera is trying to entice advertisers by offering multiple ways to display ads. The good part is that this strategy is paying off. Opera's ad revenue shot up an impressive 63% year over year in the previous quarter and accounted for two-thirds of its top line. Another thing worth noting is that Opera's average revenue per user (ARPU) increased by an impressive 45% year over year in Q1, owing to the terrific growth of the advertising business. Looking ahead, there is a good chance that Opera will be able to win a bigger share of advertisers' wallets as it is integrating agentic artificial intelligence (AI) into its browsers that will perform tasks on users' behalf. Opera's Browser Operator platform will allow users to shop online, book tickets, look for hotels, and complete other tasks on the web with the help of an AI agent that will take instructions from users before going about its job. This could help Opera strike more advertising deals through preferred partnerships and revenue-sharing models. For instance, the AI agent could direct the user toward a preferred travel booking website for booking tickets or hotels, and Opera could earn a commission out of the transaction. All this explains why the company is now confident of delivering stronger growth in 2025. Even better, analysts are expecting Opera to maintain a healthy double-digit growth rate for the next couple of years as well. Consensus estimates are projecting an 18% increase in Opera's earnings this year to $1.14 per share. That's expected to accelerate to 23% next year, which is not surprising considering the stellar improvement in the ARPU that the company clocked last quarter. With Opera integrating new features, such as AI, into its browsers that could unlock more value for advertisers and encourage them to spend more on its platform, it won't be surprising to see the company's earnings growth accelerating beyond the next couple of years. That's why now would be a good time to buy this tech stock as it is trading at just 18.5 times earnings, a discount to the Nasdaq-100 index's earnings multiple of 31 (using the index as a proxy for tech stocks). If the market decides to put a higher valuation on Opera because of its improving growth profile and it trades in line with the index's multiple after a year, its stock price could hit $35 (based on the projected earnings estimate for 2025). That would be nearly double the current levels, indicating that Opera has the potential to outpace analysts' one-year price target and skyrocket substantially going forward. Before you buy stock in Opera, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Opera wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $638,985!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $853,108!* Now, it's worth noting Stock Advisor's total average return is 978% — a market-crushing outperformance compared to 171% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Harsh Chauhan has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This Incredibly Cheap Growth Stock Could Soar 44%, According to Wall Street Analysts was originally published by The Motley Fool

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store