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Detroit Three Automakers

All articles tagged with #detroit three automakers

business2 years ago

"UAW Strike Enters Third Week with Intensifying Rhetoric and Ongoing Talks"

Negotiations between the United Auto Workers (UAW) and Detroit Three automakers continue into the third week of the targeted walkouts. The strike, which began on September 15, has expanded to include all Stellantis and GM parts distribution centers, as well as two SUV plants. Stellantis has made progress in talks with the union, while Ford and GM have expressed concerns over the union's demands. The automakers and union remain far apart on issues such as pensions, retiree healthcare, and wage increases. The strike has not yet affected auto sales, but experts advise potential buyers to expedite their search due to the strike's unpredictable impact on supply.

via Detroit News|
#automotive-industry#business#detroit-three-automakers
business2 years ago

"UAW Strike Deadline Looms: Automakers Brace for Impact"

The Detroit Three automakers and the United Auto Workers (UAW) union are in the final hours to reach new labor agreements before the current strike expands to include more plants. The UAW launched simultaneous strikes at one assembly plant each of General Motors, Ford, and Stellantis, but analysts expect a wider strike to include plants that produce highly profitable pickup trucks. If new deals are not reached by noon EDT on Friday, more UAW members are expected to join the strike. The standoff raises concerns about prolonged industrial action that could disrupt production and impact the supply chain, potentially affecting U.S. economic growth.

via Yahoo Finance|
#business#detroit-three-automakers#industrial-action
labor-relations2 years ago

UAW Members Overwhelmingly Vote to Authorize Strikes at Detroit Three Automakers

The United Auto Workers (UAW) union has announced that its members have voted overwhelmingly in favor of authorizing a strike at the Detroit Three automakers - General Motors, Ford Motor, and Stellantis - if a new labor contract is not reached before the current one expires on September 14. UAW President Shawn Fain stated that the union does not plan to extend the deadline and listed a series of demands, including an end to the tiered wage system and the reinstatement of cost-of-living adjustments and defined-benefit pension plans. Talks have been progressing slowly since July, and analysts estimate a more than 50% chance of a strike.

via Reuters|
#demands#detroit-three-automakers#labor-contract
labor-relations2 years ago

UAW Moves Closer to Strike Vote at Detroit Automakers

The United Auto Workers (UAW) union has set a deadline of August 24 for its members to vote on authorizing strikes at the Detroit Three automakers if a new contract deal is not reached before the current agreement expires in about 30 days. UAW President Shawn Fain expressed frustration with the lack of progress in negotiations with General Motors, Ford, and Stellantis, urging members to approve the strike authorization to demonstrate their dissatisfaction. The union is seeking improved pay and benefits, an end to the two-tier pay system, and inclusion of workers at joint-venture battery plants in the contracts. The automakers have emphasized the need for flexibility as the industry shifts to electric vehicles. President Joe Biden has called for a fair agreement before the contracts expire. The chances of a strike are estimated to be greater than 50%.

via Reuters|
#contract-negotiations#detroit-three-automakers#labor-relations
business2 years ago

UAW initiates contract talks with Detroit Three automakers

The United Auto Workers (UAW) union will begin contract talks with Detroit's Big Three automakers this week, ahead of the expiration of the current labor deal in mid-September. UAW President Shawn Fain aims to eliminate the two-tier wage system, restore pay improvements tied to the cost of living, and address retiree benefits cut during the Great Recession. The UAW will forgo the traditional media event of shaking hands with company executives and instead meet with auto workers to mark the beginning of talks. The automakers are focused on cutting costs to fund the transition to electric vehicles, while the UAW seeks fair compensation for workers.

via Reuters|
#business#contract-talks#detroit-three-automakers