Suggesting Finance
No Result
View All Result
  • Login
  • Home
  • Business
  • Finance
  • Mortgage
  • Banking
  • Credit Cards
  • Investing
  • Loans
  • Saving
  • Taxes
  • More
    • Markets
    • Economy
    • Real Estate
    • Crypto
Subscribe For Alerts
  • Home
  • Business
  • Finance
  • Mortgage
  • Banking
  • Credit Cards
  • Investing
  • Loans
  • Saving
  • Taxes
  • More
    • Markets
    • Economy
    • Real Estate
    • Crypto
No Result
View All Result
Suggesting Finance
No Result
View All Result
Home Economy

UAW squeezing Big Three but stops short of expanding strike

News Room by News Room
October 20, 2023
Reading Time: 2 mins read
0
UAW strike against Detroit automakers has entered ‘new phase,’ union boss says

United Auto Workers President Shawn Fain said in his weekly address Friday that the union’s strike against Detroit’s Big Three automakers will continue against Ford, General Motors and Stellantis, but did not announce any new strike targets.

“We’ve looked at the companies’ proposals,” Fain said during his Facebook live address. “… And in my opinion, and in the opinion of the vice presidents and in the opinion of your national negotiators, there is more to be won.”

The UAW has been demanding “record contracts for record profits” from the automakers, and Fain acknowledged that all three companies had offered record contracts to the union, but said there is more money on the table. 

FORD MOTOR CO., STELLANTIS LAYS OFF WORKERS, SAYS DISMISSALS ARE ‘DIRECT RESULT’ OF UAW STRIKES

The union is asking for a 40% raise over the life of the four-year contracts, and Fain said the Big Three have now increased their pay hike proposals to 23%. He also pointed to a number of areas where each automaker needs to offer more from the union’s perspective.

UAW workers picketing

“One thing we’ve been hearing over and over from these companies is how they’ve offered us record contracts,” Fain said. “They stole that line from us by the way, and you know what, we agree.”

AUTOWORKER UNION PRESIDENT WHO DONNED ‘EAT THE RICH’ SHIRT IS IN TOP 5% OF EARNERS

“These are already record contracts, but they come at the end of decades of record decline,” the union president said. “So it’s not enough to be the best ever, when autoworkers have gone backwards over the last two decades. That’s a very low bar.”

Ticker Security Last Change Change %
F FORD MOTOR CO. 11.63 +0.11 +0.95%
GM GENERAL MOTORS CO. 29.66 +0.33 +1.11%
STLA STELLANTIS NV 18.87 -0.07 -0.40%

The UAW began its simultaneous but limited strike against the Big Three over a month ago.

Around 34,000 of the 150,000 members employed by the automakers are currently on strike, and the union has threatened to expand the strike nationwide if the companies do not make sufficient progress in the negotiations.

Read the full article here

ShareTweetSendSend

Related Posts

US job market in 'bad shape,' executive recruiter says
Economy

US layoffs spike nearly 50% as DOGE-driven cuts take center stage

June 18, 2025
German chancellor hopes US will bring down tariffs, says 'best thing for mutual wealth' is open markets
Economy

German chancellor hopes US will bring down tariffs, says 'best thing for mutual wealth' is open markets

June 17, 2025
US weekly jobless claims fall; labor market still slowing
Economy

Job growth continued to slow in May amid economic uncertainty

June 16, 2025
Trump urges Fed's Powell to cut interest rates by full percentage point: 'Rocket Fuel!'
Economy

Trump urges Fed's Powell to cut interest rates by full percentage point: 'Rocket Fuel!'

June 15, 2025
Trump, South Korea's new president agree to make a deal on tariffs that would satisfy both countries
Economy

Trump, South Korea's new president agree to make a deal on tariffs that would satisfy both countries

June 14, 2025
PETER NAVARRO: Trump’s 50% steel tariff is a necessary shield for American industry
Economy

PETER NAVARRO: Trump’s 50% steel tariff is a necessary shield for American industry

June 13, 2025

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Suggesting Finance

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Visit our landing page to see all features & demos.

LEARN MORE »

Recent Posts

  • US layoffs spike nearly 50% as DOGE-driven cuts take center stage
  • American Express set to unveil game-changing update to its elite Platinum cards
  • German chancellor hopes US will bring down tariffs, says 'best thing for mutual wealth' is open markets

Categories

  • Banking
  • Business
  • Credit Cards
  • Crypto
  • Economy
  • Finance
  • Investing
  • Loans
  • Markets
  • Mortgage
  • Real Estate
  • Saving
  • Taxes
  • Uncategorized
  • Privacy Policy
  • Terms of use
  • Advertise
  • Contact

© 2023 Suggesting Finance. All Rights Reserved.

No Result
View All Result
  • Home
  • Business
  • Finance
  • Mortgage
  • Banking
  • Credit Cards
  • Investing
  • Loans
  • Saving
  • Taxes
  • More
    • Markets
    • Economy
    • Real Estate
    • Crypto

© 2023 Suggesting Finance. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.