Explainer-UAW strikes target Detroit Three automakers By Reuters

Malaysia News News

Explainer-UAW strikes target Detroit Three automakers By Reuters
Malaysia Latest News,Malaysia Headlines
  • 📰 Investingcom
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 53%

Explainer-UAW strikes target Detroit Three automakers

Detroit automakers, like their global counterparts, have been focused on cost reductions, which in some cases include job cuts, to help accelerate a shift to electric vehicles from gasoline-powered vehicles.The UAW, which represents 46,000 GM workers, 57,000 Ford employees and 43,000 Stellantis workers, kicked off negotiations with the companies in July.

The union previously has rejected the companies' offers. It has demanded a 40% wage hike, including a 20% immediate increase, and improvements in benefits. The UAW also wants strong salary increases, given the financial success of the automakers, citing generous executive payouts and large U.S. federal subsidies for EV sales.

The UAW has been wary of the industry shift to EVs and called on the Biden administration to soften its proposed vehicle emission cuts that would require 67% of new vehicles to be electric by 2032.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Investingcom /  🏆 450. in US

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UAW to strike at three Detroit factories — including GM, Ford — as sides still far apartUAW to strike at three Detroit factories — including GM, Ford — as sides still far apartThe United Auto Workers union says it will go on strike at three factories as it presses Detroit companies to come up with better wage and benefit offers.
Read more »

Detroit Three plants where UAW plans to strikeDetroit Three plants where UAW plans to strikeUnited Auto Workers (UAW) union President Shawn Fain on Thursday laid out plans for unprecedented, simultaneous walkouts at General Motors , Ford and Chrysler parent Stellantis' U.S. operations.
Read more »

UAW to strike at Detroit Big Three after failed contract agreementUAW to strike at Detroit Big Three after failed contract agreementThe United Auto Workers president said Thursday night that the union will strike three auto plants if they fail to reach a deal for a new four-year contract ahead of a deadline
Read more »

Strike 3: UAW begins historic strike against all Detroit Three automakers at onceStrike 3: UAW begins historic strike against all Detroit Three automakers at onceThe United Auto Workers have gone on strike against the Detroit Three automakers. Never in its 80-year history has the union struck all three at once.
Read more »

Factbox-Detroit Three plants where UAW is on strike By ReutersFactbox-Detroit Three plants where UAW is on strike By ReutersFactbox-Detroit Three plants where UAW is on strike
Read more »

UAW Strikes Detroit Three, All at OnceUAW Strikes Detroit Three, All at Once‘Stand-Up’ strike hits three plants at random notice to ‘keep the companies guessing.’
Read more »



Render Time: 2025-02-25 21:10:29