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business2 years ago

GM Halts Chevy Bolt Production, Laying Off 1,314 Michigan Workers

General Motors is laying off 1,314 workers, including those at the Michigan plant that produces the discontinued Chevy Bolt EV. The company plans to cut jobs due to the end of Bolt EV production and the delayed launch of the Chevrolet Silverado EV and GMC Sierra EV. GM is bringing back the Bolt EUV in 2025 on its Ultium platform. The layoffs come after GM finalized a new contract with the United Auto Workers, which includes restructuring and wage increases for workers.

via Electrek|
#business#chevy-bolt-ev#general-motors
business2 years ago

"General Motors Slashes 1,300 Jobs at Michigan Manufacturing Plants"

General Motors is laying off 1,314 employees at manufacturing plants in Michigan, including 945 at the Orion Assembly Subsystems Plant and 369 at the Lansing Grand River Assembly/Stamping and Lansing Regional Stamping. The layoffs come months after reaching a new labor contract with the United Auto Workers (UAW). GM plans to offer impacted employees jobs elsewhere in the company.

via WDIV ClickOnDetroit|
#business#general-motors#layoffs
business2 years ago

Honda Raises Pay for US Autoworkers by 11% Following UAW Strike

Honda plans to raise wages for workers at its US factories by 11% in January, reducing the time it takes to reach the top wage rate from six years to three years. This move follows the recent labor negotiations between the United Auto Workers (UAW) union and major US automakers, including Ford, General Motors (GM), and Stellantis. Toyota also announced a wage increase for its hourly manufacturing workers in the US. The UAW aims to expand its organizing efforts to nonunionized foreign automakers in the future.

via The Hill|
#business#honda#labor-negotiations
labor-relations2 years ago

Biden's Commitment to Autoworkers and Labor Deals

President Joe Biden expressed his support for autoworkers, stating that they deserve contracts similar to those recently won by the United Auto Workers (UAW) from major automakers. These contracts include significant wage increases, cost-of-living adjustments, additional retiree contributions, and substantial investments. Biden also emphasized his commitment to prioritize the reopening of a Stellantis plant in Belvidere, Illinois, during a visit with UAW President Shawn Fain. The UAW plans to use these successful negotiations as a stepping stone to organize non-union auto plants, aiming to build on their recent strike victory and create a positive example for future organizing efforts.

via CNBC|
#autoworkers#contracts#joe-biden
business2 years ago

GM and UAW Reach Tentative Agreement to End Strike: Reports

General Motors (GM) and the United Auto Workers (UAW) union have reportedly reached a tentative labor agreement, potentially ending the six-week strike against the automaker. This follows similar agreements reached with Ford and Stellantis. The deals include significant pay raises and cost of living adjustments, bringing the wage increase to over 30% over the contract's duration. The UAW initially sought higher pay raises and other benefits, while the automakers offered lower raises. The strike, which began on September 15, involved about 45,000 union autoworkers across the three companies.

via Fox Business|
#automakers#business#general-motors
business2 years ago

"GM and Stellantis to Match UAW-Ford Pay Hike, Ford's Profit Hit Hard by Strike"

General Motors and Stellantis are expected to offer the United Auto Workers (UAW) union a deal similar to the recent agreement reached with Ford, which includes a 25 percent wage increase over four years. If GM and Stellantis do not follow Ford's lead, the UAW president has threatened to expand strikes to additional factories. The strikes have been costly for GM, with the company losing approximately $200 million per week. The UAW Ford employees will return to work pending the approval of the tentative agreement by the union's 57,000 members. President Biden's support of the Ford deal puts pressure on GM and Stellantis. GM has agreed to include its new electric vehicle battery factories in the UAW's national contract, addressing one of the key concerns of the striking workers.

via The Hill|
#business#general-motors#labor-agreement
business2 years ago

UAW Strike Threatens GM and Ford's Financial Strategies

The United Auto Workers (UAW) escalated its strike against Ford, shutting down the company's Kentucky Truck Plant, which produces F-Series Super Duty trucks, Ford Expeditions, and Lincoln Navigators. This move affects Ford's largest and most profitable operation, causing significant financial losses estimated at $247 million per week. The UAW is demanding a 40% raise for its members over four-year contracts, and Ford has increased its wage hike offer to 23%. The strike, which also includes General Motors and Stellantis, has resulted in the shutdown of six assembly plants and 38 parts depots, impacting around 34,000 union workers.

via Fox Business|
#business#ford#kentucky-truck-plant
labor-relations2 years ago

"Comparing Canadian and US Auto Workers: Perspectives from Detroit Auto Show Visitors"

Visitors at the Detroit auto show suggest that U.S. autoworkers should follow the example of their Canadian counterparts, who recently reached a new three-year tentative deal with Ford Motor Co. that includes significant wage increases. Meanwhile, the United Auto Workers (UAW) remains on strike against General Motors Co. and Stellantis NV, with some auto show visitors expressing mixed opinions about the strike. While some believe the pay and benefits of American autoworkers are still good, others worry about the impact of the strike on the economy and inflation.

via Detroit News|
#canadian-autoworkers#detroit-auto-show#labor-relations
politics2 years ago

"Biden's Auto Worker Strike Handling Raises Concerns as Dems Compare to Trump's Approach"

Democrats close to the White House are concerned that former President Donald Trump is outmaneuvering President Joe Biden on the auto workers' strike, as Trump plans to visit Detroit next week. Some Democrats worry that Trump's visit is a sign of a more sophisticated campaign strategy and that Biden's team needs to step up their game. Biden's team has considered sending a top lieutenant to the picket line to stand alongside the UAW workers, but there is still internal debate on how to handle the strike. The White House has been trying to avoid a prolonged strike while expressing support for the workers' demands, but there is growing dissatisfaction among Democrats and union officials over their approach. Trump's visit has caught Democrats off guard, and they fear it may overshadow their own response to the strike.

via POLITICO|
#auto-workers#campaign-strategy#donald-trump
business2 years ago

"Latest Updates on US Business: Social Security, SNAP, Financial Aid, and Interest Rates"

Auto workers in the US, represented by the United Auto Workers (UAW) union, have initiated a major strike against General Motors, Ford, and Stellantis. The strike comes as workers demand better pay and improved conditions amidst rising inflation and interest rates. The film industry is also experiencing a strike by actors and writers (SAG-AFTRA), causing delays in productions. Public support for these strikes is high, with approval of labor unions reaching its highest point since 1965. Additionally, the US housing market has seen a decline in value, and oil prices are set to reach a record high in 2023.

via AS USA|
#business#film-industry#inflation
labor-relations2 years ago

"Auto Workers Strike as Contract Talks Fail, Demanding Four-Day Workweek"

Auto workers in the US have initiated strikes after contract talks between the United Auto Workers (UAW) and the country's three largest car manufacturers – Ford, General Motors, and Stellantis – failed to reach an agreement. This marks the first time all three Detroit Three automakers have been simultaneously targeted by strikes. The strikes, coordinated by UAW president Shawn Fain, began at midnight at key plants and involve a combined 12,700 workers. The UAW is demanding a 40% pay increase, an end to wage tiers, and the restoration of concessions from previous contracts. The strikes have garnered support from other labor unions and social justice groups.

via The Guardian|
#auto-workers#contract-negotiations#detroit-three