The UAW union and Detroit's three automakers remain far apart in contract talks, and the union is preparing to strike.
With a deadline looming just before midnight Thursday, the United Auto Workers union and Detroit's three automakers remain far apart in contract talks, and the union is preparing to strike.
Talks were ongoing, but were nowhere close to agreement. Ford's CEO and Stellantis accused the union of failing to respond to offers. "It was fully competitive with all of the UAW-negotiated settlements, sometimes after strikes, with other industrial companies. And we heard nothing," Farley said.Automakers contend that they need to make huge investments to develop and build electric vehicles while still building and engineering internal combustion vehicles. They say an expensive labor agreement could saddle them with costs that would force them to raise prices above their non-union foreign competitors.
The union will not extend contracts, so those who stay at work will do so with an expired agreement. Fain said he understands sentiment behind an all-out strike, but said the targeted-strike strategy is more flexible and effective. On Wednesday, Fain said the companies upped their wage offers, but he still called them inadequate. Ford offered 20% over 4 years, while GM was at 18% for four years and Stellantis was at 17.5%. The raises barely make up for what he described as minimal raises of the past. In a 2019 agreement the union got 6% pay raises over four years with lump sums in some years as well as profit-sharing checks.
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