The nation’s largest auto union is digging in its heels in the final hours of its contract negotiations with the Big Three automakers, raising the specter of a historic strike that threatens to upend United States manufacturing and cause billions of dollars in economic losses.
The United Auto Workers union has vowed to strike if it does not reach consensus with the Big Three automakers in its contract negotiations, which expire Thursday at midnight.In the final hours of talks, both sides are expressing hope that they might still be able to hammer out a deal. But their window to do so is quickly shrinking.
In recent days, UAW has raised the prospect of conducting strikes at targeted auto plants in Michigan if a deal is not met before the Sept. 14 deadline, according to the Detroit Free Press. Fain is expected to elaborate on those plans at a closed-door union meeting Wednesday evening. The UAW’s 2019 strike at GM, which lasted 42 days and involved some 48,000 union workers, caused an estimated $4 billion in damage to the auto industry as a whole, Anderson said, much of which was concentrated in Michigan.
Ford CEO Jim Farley said Wednesday that the offer is the best it has made to the UAW in its 80-year relationship with the union, noting that it includes “pay increases, elimination of tiers, inflation protection, five weeks of vacation, 17 paid holidays, [and] bigger contributions for retirement.”“We’re absolutely ready for a strike and I know the UAW is too,” Farley told reporters in Detroit. “But we don’t want it to come to a strike.
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