Tag

Uaw

All articles tagged with #uaw

business21 hours ago•7 min saved

Stellantis Skips Profit Sharing as Tariffs Bite, UAW Reacts

Stellantis posted a $2.2 billion North American loss last year, largely due to tariffs costing about $1.4 billion, leaving no margin to fund profit-sharing for 2025 and resulting in zero payouts for UAW workers—unlike Ford and GM, which still paid bonuses, and unlike Stellantis’ Italian salaried bonus which was also zero. UAW leaders criticized management amid a broad corporate reset, with hopes that improved results in 2026 could restore payouts if targets are met.

via Carscoops|

#auto-industry #business #profit-sharing

business3 days ago•2 min saved

Stellantis withholds 2025 U.S. profit checks as NA margins slip

Stellantis says UAW-represented workers won’t receive a 2025 profit-sharing payout because North America operating margin missed the thresholds set in the 2023 labor agreement, marking the first such omission since 2011; Ford and GM are paying thousands to their workers for 2025, while Stellantis posted a -3.1% margin in North America for 2025 and historically paid up to about $14,760 in 2022 and $13,860 in 2023, with payouts tied to margin and hours worked. The company cites a challenging year and notes actions like reintroducing the Hemi V-8 to support 2026 results.

via The Detroit News|

#automotive-industry #business #north-america

business13 days ago•3 min saved

Trump donor Paulson plans to offshore Ohio brass plant to China, drawing union backlash

Trump donor John Paulson plans to offshore Conn Selmer’s Eastlake, Ohio brass instrument plant to China by mid-2026, risking about 150 jobs and sparking resistance from UAW Local 2359; workers accuse the move of betraying Paulson’s stated support for domestic manufacturing, while Conn Selmer says the offshore shift will boost competitiveness and the company remains committed to U.S. manufacturing.

via The Guardian|

#business #conn-selmer #eastlake-ohio

business20 days ago•2 min saved

Dearborn plant heckler remains on the job; union points to no disciplinary record

A Ford line worker who heckled President Trump at the Dearborn Truck Plant remains employed with no discipline on record, after an initial suspension; the UAW uses the incident to frame Trump’s view of workers and has publicly backed the employee, including fundraising support.

via The Detroit News|

#business #donald-trump #ford

business24 days ago•4 min saved

UAW clinches historic tentative contract at VW's Tennessee plant

The United Auto Workers announced a tentative four-year contract with Volkswagen at the Chattanooga, Tennessee, plant, marking the union’s first agreement with a foreign automaker in the South. The deal includes a 20% wage increase, reduced health-care costs, job-security protections, stronger health and safety standards, a $6,550 signing bonus, and annual $2,550 bonuses, and now goes to a member vote for ratification.

via The Detroit News|

#business #labor-contract #ratification

business1 month ago•0 min saved

GM hourly workers get $10,500 profit-sharing for 2025 amid strong earnings

More than 47,000 GM hourly workers will receive a $10,500 profit-sharing payout for 2025 under the UAW contract, a lower amount than in 2024, despite GM posting $12.7 billion in EBIT-adjusted earnings for the year and a $3.3 billion fourth-quarter loss.

via detroitnews.com|

#business #earnings #general-motors

politics1 month ago•24 min saved

GoFundMe Tops $800K for Ford Worker Who Shouted at Trump

GoFundMe donations for a Ford line worker who allegedly heckled President Trump at a Detroit-area plant surged to about $811,000 in under 24 hours (with 21,000+ donors) before pausing; the employee was suspended and the White House defended Trump’s reaction, while the UAW said it would review the suspension amid broader Epstein-file context cited in coverage.

via NewsNation|

#epstein #ford #gofundme

business1 month ago•4 min saved

Crowd-Funded Backing Surges for Ford Worker After Trump Heckle

A Ford line worker, TJ Sabula, was suspended after heckling President Trump at the Dearborn truck plant, triggering a surge of GoFundMe donations totaling over $800,000 in under 24 hours as supporters rally behind him; the UAW says it is reviewing the suspension.

via Business Insider|

#business #ford #gofundme

politics1 month ago•5 min saved

UAW backs Detroit Ford worker who heckled Trump

The UAW defended a Michigan autoworker who heckled President Trump during a tour of Ford's River Rouge Complex, saying workers should be allowed to express themselves and that the union protects free speech. Trump responded with an expletive and a raised middle finger; the worker, TJ Sabula, was suspended, and a GoFundMe for him had raised over $360,000. The piece also ties the incident to ongoing discussions about Epstein-related files and DOJ release deadlines.

via Politico|

#detroit #epstein #ford

politics1 month ago•1 min saved

GoFundMe raises over $70,000 after Michigan autoworker heckles Trump at Ford plant

A Ford autoworker at the River Rouge plant in Michigan was suspended after heckling Donald Trump, reportedly calling him a “pedophile protector.” A GoFundMe to cover lost wages has raised over $70,000 as the worker says he’s faced political retribution, while Trump’s visit to the plant occurred ahead of a Detroit Economic Club appearance.

via The Guardian|

#ford #gofundme #michigan

business6 months ago•1 min saved

UAW Wins Union Vote at Kentucky Ford Battery Plant Amid Disputed Ballots

Employees at a Ford-SK On battery factory in Kentucky voted narrowly to be represented by the U.A.W., though contested ballots could change the outcome, marking a significant step in the union's efforts to organize in the electric vehicle industry.

via The New York Times|

#battery-plant #business #electric-vehicles

business7 months ago•2 min saved

Critics Slam Trump's Japan Trade Deal as Harmful to US Auto Industry

President Trump's recent trade deal with Japan, lowering tariffs on Japanese cars from 25% to 15%, has faced criticism from automakers, unions, and economists, who argue it disadvantages U.S. automakers, benefits transnational companies relying on low-wage labor, and leaves key tariffs on steel, aluminum, and car components unchanged, ultimately harming American manufacturing and consumers.

via Common Dreams|

#automakers #business #japan-trade-deal

business1 year ago•4 min saved

Stellantis CEO Carlos Tavares Resigns Amid Strategic Dispute

Stellantis CEO Carlos Tavares has resigned due to disagreements with the board and disappointing sales, amid criticism from the United Auto Workers union and US dealers. Tavares, who played a key role in the merger forming Stellantis, faced challenges including high vehicle prices, layoffs, and declining sales. An interim executive committee will be led by John Elkann until a new CEO is appointed by mid-2025. The UAW welcomed Tavares' resignation, citing mismanagement and mistreatment of the workforce.

via CNN|

#automotive-industry #business #carlos-tavares

business1 year ago•2 min saved

Ford Battery Plant Workers in Kentucky Launch Unionization Effort

Workers at Ford's BlueOval SK battery plants in Glendale, Kentucky, are campaigning to unionize, with a majority having signed authorization cards to join the United Auto Workers (UAW). Currently, BlueOval SK workers earn $21 an hour, compared to $26.32 for UAW workers at other Ford plants. Despite a previous agreement suggesting these workers wouldn't unionize, the UAW is pushing for better wages and conditions, aiming to set strong standards in the EV battery industry. The first plant is set to open in 2025, with full job targets expected by 2030.

via WDRB|

#business #ev-battery #ford

business1 year ago•1 min saved

Stellantis Announces Major Layoffs Across Detroit and Toledo Facilities

Stellantis announced the layoff of 400 workers at a Detroit logistics facility as part of its cost-cutting measures in North America. This follows recent layoffs at other facilities, including 1,100 jobs at a Jeep plant in Ohio and 2,450 at a Michigan truck plant. The United Auto Workers union criticized the layoffs, attributing them to poor management decisions rather than market conditions. Stellantis is transitioning the Detroit facility to a third-party provider amid efforts to realign its U.S. operations.

via Detroit Free Press|

#automotive-industry #business #cost-cutting