Tag

Electric Vehicle Transition

All articles tagged with #electric vehicle transition

business2 years ago•0 min saved

"Ford's Costly Labor Peace: A Risky Deal with the UAW"

Ford's agreement with the United Auto Workers (UAW) following a nearly six-week walkout may have brought labor peace, but the real challenge lies in maintaining competitiveness amidst the government-forced transition to electric vehicles. The UAW's strategy of staging strikes at select plants seems to have paid off, as Ford agreed to a generous deal to avoid further disruptions, including a potential strike at a factory producing the highly profitable F-150 pickup.

via The Wall Street Journal|

#business #collective-bargaining #electric-vehicle-transition

business2 years ago•8 min saved

UAW Strike: Labor Negotiations and Economic Fallout

The UAW strike, affecting General Motors, Ford, and Stellantis, is demanding a 40% wage increase over a four-year contract, along with other benefits and job security. The strike could result in higher labor costs for the automakers, potentially making them less competitive compared to non-unionized companies like Tesla. The ripple effects of the strike may lead to inflation and higher auto prices across the industry. While the strike is not an immediate threat to the car companies, it could hinder their transition to electric vehicles and give Tesla an advantage. The negotiations between the UAW and automakers are ongoing, with the possibility of a resolution in the near future. Automaker stocks have been relatively unaffected so far, but further plant shutdowns could impact investor sentiment.

via Investor's Business Daily|

#auto-industry-economics #automakers #business

labor-relations2 years ago•9 min saved

UAW Leaders Prepare for Contract Talks with Defiance and Audacity

Shawn Fain, the president of the United Auto Workers (UAW), is taking a tough stance in contract negotiations with automakers, demanding a 40 percent wage increase and criticizing corporate greed. Union members will vote on whether to authorize a strike when the contract expires in September. Fain's ambitious and belligerent approach is setting a tense tone for negotiations that could have significant implications for the economy, the green-energy transition, and middle-class manufacturing wages. The labor movement has seen a surge in strikes this year, fueled by a tight labor market and rising public support for unions. Fain is also pushing for fair pay in electric vehicle and battery factories, which could complicate the Biden administration's green-energy agenda.

via The Washington Post|

#contract-negotiations #electric-vehicle-transition #labor-relations

politics2 years ago•3 min saved

Biden's Labor Outreach: Meeting Auto Workers' Union President and More

President Joe Biden met privately with United Auto Workers (UAW) leader Shawn Fain at the White House to discuss labor contract negotiations with the Big Three automakers. The meeting comes amid concerns of a potential UAW strike and the union's withholding of support for Biden's reelection campaign due to concerns over his handling of the electric vehicle transition. Fain asked for Biden's support in contract talks and urged him to attach stronger labor provisions to federal grants and loans. The UAW is focused on improving worker standards in the emerging electric vehicle industry.

via POLITICO|

#contract-talks #electric-vehicle-transition #joe-biden