Impending UAW Strike Threatens Automotive Industry

Contracts between the United Auto Workers (UAW) union and Detroit's Big Three automakers (General Motors, Ford, and Stellantis) are set to expire, and a strike is likely unless new deals are reached. UAW President Shawn Fain has demanded better pay, benefits, and work-life balance for autoworkers, citing the companies' record profits. The union has rejected the automakers' offers, which it considers inadequate. If a strike is called, it could affect the Midwest economy and the supply chain. The UAW is seeking substantial wage increases, the restoration of cost-of-living adjustments, job security, and more. The last UAW strike in 2019 against GM lasted six weeks and caused significant production losses.