: UAW to expand strike to 38 GM, Stellantis auto-parts distribution centers in 20 states

by | Sep 22, 2023 | Stock Market

United Auto Workers President Shawn Fain said Friday that the union plans to expand the strike to 38 General Motors Co. and Stellantis NV’s auto-parts distribution centers in 20 states, hobbling the two carmakers’ repair network. Fain said that the union reached “some real progress” in negotiations with Ford Motor Co.
which agreed to cost-of-living increases, some job protections, and other concessions.

“Ford is showing us they are serious about reaching a deal,” Fain said. Ford shares added to gains after the news, snapping a two-day losing streak, and were poised to notch their highest one-day percentage increase since June 7. Nearly 13,000 UAW members have been on strike at a General Motors
pickup plant in Missouri, parts of a Ford plant in Michigan and a Stellantis
Jeep plant in Ohio since last Friday. The workers at the parts distribution centers are scheduled to walk off at noon Eastern if no progress is made. Don’t miss: Tesla may be the winner of the Big Three labor woes Since the strike began, the union and the automakers have said they are engaging in constant talks as they try to reach a compromise on a new national contract. The union is demanding wage increases, an end to tiers, the restoration of pensions and cost-of-living adjustments and more. Though both the union and companies ha …

Article Attribution | Read More at Article Source

Share This