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☆ Teamsters, Anheuser-Busch reach tentative deal to avert a strike
▼ + stars: | 2024-02-28 | by ( Chris Isidore | Vanessa Yurkevich | ) edition.cnn.com time to read: 1 min

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☆ Loud budgeting is in, quiet luxury is out. Meet the TikToker who started the financial trend
▼ + stars: | 2024-02-05 | by ( Vanessa Yurkevich | ) edition.cnn.com time to read: +6 min

“Loud budgeting is a new concept I am announcing for 2024, it’s the opposite of quiet luxury,” he said in the TikTok post, posted on December 29. In this screen grab taken from a viral video by Lukas Battle, the comedian talks about the 'loud budgeting,' trend, versus 'quiet luxury.' In an online world where luxury and opulence are constantly on display — and unattainable for most people — “loud budgeting” makes being on a budget cool and acceptable. It’s the inverse of “quiet luxury,” which flourished on social media last year and promoted not flaunting your wealth or being understated about it. But loud budgeting could be a reckoning for brands who have found success in social media marketing.

Persons: Lukas Battle, Lukas, It’s, ”, they’re, Vivian Tu, Rich, ” Tu, Giovanna Gonzalez, “, Gonzalez, “ I’m, Michael Hershfield, Tu, it’s Organizations: New, New York CNN, CNN, TIAA Institute, Wall, P Global Market Intelligence, “ Locations: New York, Cabo, “

☆ GM rank and file ratify labor deal, ending threat of a renewed strike
▼ + stars: | 2023-11-16 | by ( Chris Isidore | Vanessa Yurkevich | ) edition.cnn.com time to read: +5 min

The final results from all the UAW members at GM were posted on the union’s Web site Thursday morning. If workers had rejected the deal, it could have brought about a resumption of the strikes at the company. Neither the union nor any of the companies had any immediate comment on the vote results, the final vote at GM, or preliminary votes at the other two automakers. Teamster members voted 86% in favor of that union’s deal with UPS in July. Others said that the union could achieve even better deals if members voted no.

Persons: Mack Truck, Mack Trucks, Shawn Fain, Fain Organizations: New, New York CNN, United Auto Workers, General Motors, UAW, GM, Ford, Jeep, Dodge, Chrysler, Teamster, UPS, Kaiser Permanente, Facebook Locations: New York, Arlington , Texas, Lansing Delta, Michigan

☆ Thanksgiving dinner will be less expensive this year. You can thank turkeys (and cooling inflation)
▼ + stars: | 2023-11-15 | by ( Vanessa Yurkevich | ) edition.cnn.com time to read: +3 min

While this year’s Thanksgiving dinner is more affordable compared to last year, it is still up 25% from 2019, underscoring price increases since the pandemic. But you can thank turkeys for the lower meal cost this Thanksgiving. “Traditionally, the turkey is the most expensive item on the Thanksgiving dinner table,” Veronica Nigh, senior economist at the AFBF, said in a statement. The Northeast has the most expensive meal price at $64.38 for the 12-item basket. The national average for the Thanksgiving meal was calculated by checking prices in all 50 states and Puerto Rico from November 1 to 6.

Persons: Wells Fargo, Michael Swanson, Veronica, Zippy Duvall Organizations: New, New York CNN, American Farm Bureau Federation, Bureau of Labor Statistics, US Department of Agriculture, CNN, USDA, Wells, Food Institute, cranberries Locations: New York, Turkey, Puerto Rico

☆ Violent wage protests in Bangladesh could hit top fashion brands
▼ + stars: | 2023-11-09 | by ( Vanessa Yurkevich | ) edition.cnn.com time to read: +8 min

On Tuesday, the country’s wage board announced an increase of $113 a month for garment workers, set to take effect December 1. Garment workers in Bangladesh currently make $95 a month producing clothes for big brands such as H&M, Zara and Levi’s. The American Apparel and Footwear Association, or AAFP, which represents brands in the US suggests a timelier minimum wage review. CNN reached out to the Bangladesh Garment Manufacturers and Exporters Association which represents factory owners for comment but did not hear back. Cambodia now raises its minimum wage for garment workers once a year.

Persons: “, ”, Christina Hajagos, Clausen, Narza Akter, Imran Hossain, ” Matthew Miller, Bangladesh hasn’t, Fitch, Nate Herman, Levi Strauss, Elizabeth Cline, Jason Judd, Judd Organizations: New, New York CNN, Textile and Garment Industry, IndustriALL Global Union, Bangladesh Bureau, Statistics . Garment, Workers, US State Department, United, State Department, McKinsey, US Commerce Department, Puma, Abercrombie, American Apparel and Footwear Association, CNN, Brands, Government, Bangladesh Garment Manufacturers, Policy, Columbia University, Consumer, World Bank, Consumers, Global Labor Institute, Cornell University, Workers Rights Consortium Locations: New York, Bangladesh, Zara, Levi’s, China, United States, Southeast Asia, AAFP, Swedish, ”, Patagonia, Cambodia

☆ UAW strike: GM and union reach tentative labor agreement
▼ + stars: | 2023-10-30 | by ( Vanessa Yurkevich | Chris Isidore | ) edition.cnn.com time to read: +6 min

Neither the union nor GM would confirm the tentative deal. Most recently that happened at Mack Trucks, where nearly 4,000 UAW members went on strike on October 8 after voting no on their own tentative agreement. There are a total of more than 18,000 UAW members at GM now on strike, though they could be returning to work within days. The strike had a total of nearly 50,000 UAW members on strike at one point or another, although not all at the same time. During the UAW strike, a coalition of unions at Kaiser Permanente had 75,000 workers walk out in the largest US health care strike in history.

Persons: Stellantis, Mack Trucks, Fain, Ford, Joe Biden, Biden, Betsy Klein Organizations: New, New York CNN —, Motors, United Auto Workers, America’s, Ford, GM, UAW, Mack, EV, Air Force, Kaiser Permanente Locations: New York, Spring Hill , Tennessee, Arlington , Texas, Fargo, Michigan, Delaware

☆ The Big Three are paying a big price to end the UAW strike, but car buyers may get spared
▼ + stars: | 2023-10-30 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +4 min

Ford was the first to announce it reached a tentative agreement with the UAW on Wednesday. A brief refresherThe strike, which began nearly seven weeks ago, has been the longest US auto strike in 25 years. What will this mean for car prices? Now you’d think people in the market for a new car would pay the price, by way of higher car prices, given all the added costs the Big Three will face if the tentative deals go into effect. That’s because the historic strike doesn’t officially end until it is ratified by rank-and-file members.

Persons: —, Ford, it’s, Vanessa Yurkevich, Chris Isidore — CNN’s, there’s, CNN’s Yurkevich, Isidore Organizations: New, New York CNN, United Auto Workers, — Ford, General Motors, UAW, Anderson Economic Group, Big Three, Ford, Stellantis, GM Locations: New York

☆ UAW closing in on deals with both GM and Stellantis
▼ + stars: | 2023-10-27 | by ( Chris Isidore | Vanessa Yurkevich | ) edition.cnn.com time to read: +5 min

There are about 29,000 UAW members currently on strike at GM and Stellantis. That deal still needs to be ratified by a vote of 57,000 UAW members at Ford before it will take effect. If deals are reached at GM and Stellantis by Friday, the union could begin the ratification process at all three at the same time. Membership approval of any deals reached at GM and Stellantis would also be needed before they would take effect. Most recently it added the largest Stellantis plant in Sterling Heights, Michigan, on Monday, and the largest GM plant in Arlington, Texas, on Tuesday, shortly after GM reported stronger than expected quarterly earnings.

Persons: Ford, Colin Langan, Wells, Stellantis, Langan, “, ”, Chuck Browning, Todd Dunn Organizations: New, New York CNN, United Auto Workers, General Motors, UAW, GM, Ford, Stellantis, Sterling, UAW Local, Kentucky Locations: New York, Detroit, Stellantis, Sterling Heights , Michigan, Arlington , Texas, Arlington, Wells Fargo

☆ How the UAW and Ford struck a historic deal
▼ + stars: | 2023-10-27 | by ( Vanessa Yurkevich | ) edition.cnn.com time to read: +6 min

On Wednesday, after 41 days on strike, the UAW and Ford reached a tentative agreement. The Rouge plant in Dearborn, Michigan is where Ford Chairman and fourth generation controlling family member Bill Ford spoke about negotiations for the first-time last week. That speech perturbed UAW President Shawn Fain, who responded with a threat. What comes nextGetting the deal done with Ford was a big hurdle, according to a third source with knowledge. The Ford CEO said the deal the UAW was looking for would bankrupt the company.

Persons: Ford, Bill Ford, Shawn Fain, Jim Farley, ”, Fain, Benjamin Dictor, Dictor, Chuck Browning, “ Ford, “ We’re, Browning, Taylor Glascock, Farley, John Lawler, CNN’s Chris Isidore Organizations: CNN, United Auto Workers, Kentucky, Plant, UAW, Ford, General Motors, Arlington Assembly, UAW Ford Department, Ford UAW, GM, Ford Motor Co, Chicago Assembly Plant, General Motors Co, Stellantis, Bloomberg, Getty Locations: Louisville, GM’s, Arlington, Texas, Michigan, Rouge, Dearborn , Michigan, Dearborn, Chicago , Illinois

☆ What’s next for the auto strikes
▼ + stars: | 2023-10-26 | by ( Chris Isidore | Vanessa Yurkevich | ) edition.cnn.com time to read: +8 min

But the strike at the company isn’t quite over, and there’s no immediate end in sight for the strikes at General Motors and Stellantis. And pay increases will be even greater for some workers who were being paid at a lower pay tier. Generally union members do not return to work when a tentative agreement is reached until after a ratification vote is concluded. The Mack Trucks deal also had double-digit pay hikes of 10% immediately and 20% over the four-year life of that contract. But it didn’t have the COLA or some of the other gains the union achieved in the deal at Ford.

Persons: “, Ford, Isaiah Goddard, He’s, ”, Chuck Browning, Shawn Fain, “ We’re, John Deere, Mack Trucks, Fain, John Lawler Organizations: New, New York CNN, Ford, General Motors, United Auto Workers, Chrysler, CNN, UAW, Stellantis, GM, Management, Fortune, EV Locations: New York, Ypsilanti , Michigan, Ford

☆ United Auto Workers union and Ford reach tentative labor agreement
▼ + stars: | 2023-10-25 | by ( Vanessa Yurkevich | Chris Isidore | ) edition.cnn.com time to read: +1 min

CNN —Ford and the United Auto Workers union reached a tentative labor deal, according to a person familiar with the matter. It is an important first step in ending the union’s unprecedented strike against three major US automakers. Neither Ford nor the UAW had an official announcement, but word of the deal is expected shortly. But it will step up pressure on those two automakers to reach their own deal with the union. There are currently 16,600 UAW members on strike at three Ford assembly plants, including its largest, the Kentucky Truck Plant in Louisville.

Persons: CNN — Ford Organizations: CNN, United Auto Workers, Ford, UAW, General Motors, Kentucky, Plant Locations: Louisville

CNN —The United Auto Workers union took its most serious shot yet at General Motors in its five-week old strike as 5,000 members walked off the job at a plant in Texas. Arlington Assembly builds GM’s very profitable full-size SUVs, the Chevrolet Tahoe and Suburban, GMC Yukon and Cadillac Escalade. The targeted strike at GM’s largest plant comes just hours after the company reported third quarter earnings, which grew last quarter despite the strike. It’s time GM workers, and the whole working class, get their fair share,” said UAW President Shawn Fain. “GM’s latest offer fails to reward UAW members for the profits they’ve generated,” said the union’s statement.

Persons: we’ve, ”, Shawn Fain, General Motors, Fain, it’s, “ Organizations: CNN, United Auto Workers, General Motors, Arlington Assembly, Chevrolet, GMC Yukon, Cadillac, General, Arlington, GM, UAW, Ford, Chrysler Locations: Texas, Suburban, GM’s, Ford, Arlington

New York CNN —The United Auto Workers union sent 6,800 Stellantis employees to the picket line Monday morning in a surprise, targeted strike at the company’s Ram truck facility. The Sterling Heights Assembly Plant is Stellantis’ “largest plant and biggest moneymaker,” UAW said in a statement Monday. The first was at Ford on October 11, when the UAW went on strike at that automaker’s largest plant, the Kentucky Truck Plant in Louisville. Expanding strikeThere are now more than 40,000 UAW members on strike as it enters its sixth week, with 14,600 on now on strike at Stellantis, joining the 16,600 on strike at Ford and 9,200 on strike at GM. But the union has stopped short of having all 145,000 members at the three companies all be on strike.

Persons: ”, Stellantis, Fain, Anderson Organizations: New, New York CNN, United Auto Workers, Sterling, Sterling Heights Assembly, ” UAW, Dodge, Chrysler, Ford, General Motors, UAW, Kentucky, Plant, Fiat Chrysler, European, PSA Group, “, ” CNN, GM, Big, Anderson Economic Locations: New York, Sterling Heights, Detroit, Sterling Heights , Michigan, United States, Mexico, Warren , Michigan, Sterling, Louisville, Stellantis, Ford, Europe

☆ ESG investing is dying on Wall Street. Here’s why
▼ + stars: | 2023-10-23 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

New York CNN —The market for environmental, social and corporate governance, or ESG, investing is fundamentally broken. “ESG investing … entering the final quarter of 2023 continues to be a story of declining flows and assets under management,” said Robert Jenkins, head of global research at Lipper. Before the Bell spoke with Jenkins about the future of ESG investing in the US and globally. What trends did you see regarding ESG investing last quarter? Before the pandemic, we had kind of a nice, natural looking growth line to ESG products.

Persons: “, ”, Robert Jenkins, Jenkins, he’ll, it’s, Bell, ESG, I’ve, we’ve, Elliott Gotkine, Jeffrey Sonnenfeld, Satya Nadella, ” Sundar Pichai, Sonnenfeld, , Susan, ” Susan, ” Richard Griffiths, Citigate Dewe Rogerson, Shawn Fain, “ We’ve, Chris Isidore, Vanessa Yurkevich Organizations: CNN Business, Bell, New York CNN, CNN, Lipper, Netflix, Yale School of Management, ”, Microsoft, Google, ” Disney, Reuters, Tottenham Hotspur Football Club, Eclipse, “, London, United Auto Workers, ’ United Auto Workers, GM, UAW Locations: New York, Ukraine, Israel, America, United States, United Kingdom, Gaza

New York CNN —United Auto Workers union President Shawn Fain told members that all three automakers have now offered record contracts but that the union will continue its strike in a push for even better deals. A return of that pension plans to workers hired since 2007 had been one of the union’s key bargaining demands. “Negotiations between Stellantis and the UAW continue to be productive, building on the momentum from the past several weeks,” said its statement. We’re eager to conclude these negotiations with a contract that meaningfully improves their lives and provides a strong future for everyone. We look forward to coming together to build a great company that supports good jobs for generations to come.”

Persons: Shawn Fain, “ We’ve, ”, ” Fain, it’s, Stellantis, Ford Organizations: New, New York CNN — United Auto Workers, General Motors, Ford, UAW, GM, Facebook, UAW International Union GM Locations: New York, Stellantis

☆ Premarket stocks: What the Israel-Hamas war means for US markets
▼ + stars: | 2023-10-17 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

New York CNN —Growing unrest in the Middle East has cast a shadow on global financial markets. Israeli stocks listed in New York and Tel Aviv have sunk to recent lows, underscoring the growing economic uncertainties in the war-torn region and leaving investors unsure of where markets go from here. Funds in the US hold more than $43 billion in Israeli stocks and bonds, according to a Bloomberg tracker. Big names, big exposure: As the war continues, businesses with headquarters, factories and inventory in Israel appear increasingly at risk to geopolitical turmoil. “If the war remains confined between Israel and Palestinians, it’s likely that the markets will forget about it after a few days,” he wrote.

Persons: ”, Steven Schoenfeld, Jamie Dimon, “, Benjamin Netanyahu, Raffi Boyadjian, Sam Stovall, Nathaniel Meyersohn, drugstores, David Silverman, Bill Ford, Vanessa Yurkevich, Ford, Jim Farley, Shawn Fain Organizations: CNN Business, Bell, New York CNN, Nasdaq, Funds, Bloomberg, Hamas, Bank of Israel, JPMorgan, Israel Innovative Technology, Mobileye, Tower Semiconductor, Teva Pharmaceutical, XM, CVS, Walgreens, Walmart, Fitch, Ford Motor Company, United Auto Workers, Big Three, UAW, Monday, Ford Locations: New York, Tel Aviv, New Jersey, Israel, United States, Canada, China, Ukraine, Kippur, Kuwait, Kansas City, drugstores, Rouge, Dearborn , Michigan

☆ Bill Ford calls on UAW to 'stop this now'
▼ + stars: | 2023-10-16 | by ( Vanessa Yurkevich | ) edition.cnn.com time to read: +2 min

CNN —Bill Ford, the executive chair of Ford Motor Company, made his first public comments since negotiations began with the United Auto Workers union and the Big Three automakers. He called on the UAW to “stop this now,” and bring an end to talks. But I will never consider our employees as enemies,” Ford said Monday at Ford’s Rogue Center in Dearborn, Michigan. “This should not be Ford versus the UAW. Ford said the company made a record offer to the UAW, and the strike against Kentucky Truck Plant harms tens of thousands of Americans including dealers, workers and suppliers.

Persons: Bill Ford, Ford, ” Ford, Tesla, ”, Shawn Fain, ” Fain Organizations: CNN, Ford Motor Company, United Auto Workers, Big Three, UAW, Monday, Ford, Toyota, Honda, ”, Plant, Kentucky Locations: Dearborn , Michigan, Kentucky, Louisville

Now there is only one rule – pony up.”The announcement marks a tactical shift, Fain said. This is the first time that the union has gone on strike against GM, Ford and Stellantis at the same time. GM, Ford and Stellatis have all announced plans to shift from traditional gasoline-powered vehicles to electric vehicles, or EVs. All are expected to pay significantly less than UAW members at those engine and transmission plants are now paid. Details of what GM has agreed upon in relation to workers battery plant workers is not yet known, as GM has not confirmed the tentative agreement on the issue.

Persons: Shawn Fain, ” Fain, Fain, “ We’re, “, they’re, ”, Colin Langan, Ford, Kumar Galhotra, didn’t Organizations: CNN, Big, UAW, Kentucky, Plant, GM, Ford, Wells, Kentucky Truck Locations: Ford’s, Louisville, Wells Fargo

New York CNN —Three weeks into the United Auto Workers strike, signs of progress have emerged in talks between the union and General Motors. Another source familiar with negotiations said Wednesday that there has been active talks and progress in negotiations this week. But General Motors has yet to have significant progress in talks before now, and the union has twice expanded its strike against GM. GM had 46,000 UAW members on its its payroll at the start of the year. GM is the only automaker the UAW struck in 2019, a six-week strike that cost it $2.9 billion.

Persons: “, ”, Shawn Fain Organizations: New, New York CNN, United Auto Workers, General Motors, GM, CNN, UAW, Facebook, – GM, Ford, Motors Locations: New York, Stellantis, Wentzville , Missouri, Lansing , Michigan, Kansas City , Kansas

☆ Why Wall Street investors are freaking out
▼ + stars: | 2023-10-04 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

Here’s why investors are freaking out:Rates and the Fed: A surge in corporate debt sales and rising bond yields have sent stocks lower. Moody’s, the only major credit rating firm to keep a perfect score for the United States, has warned that a government shutdown would be “credit negative” for the United States. Geopolitical risks are still elevated as Russia’s war on Ukraine continues and relations between the United States and China remain tense. October also marks the end of the fiscal year for many mutual funds in the United States. Statistical evidence doesn’t quite support the phenomenon, but the level of superstitious caution on Wall Street is real.

Persons: Kevin McCarthy, ”, Michael Reinking, Mark Twain, ” Sam Bankman, Sam Bankman, Allison Morrow, Judge Lewis Kaplan, “, ” Kaplan, SFB, SBF, Caroline Ellison, Bernie Madoff, Chris Isidore, Vanessa Yurkevich Organizations: CNN Business, Bell, New York CNN, Dow, Federal Reserve, Fed, Markets, Republicans, “, Prosecutors, GM, Ford, Motors, United Auto Workers, Michigan Assembly, Jeep, Dodge, Chrysler, UAW Locations: New York, America’s Congress, United States, Ukraine, China, Manhattan, Fairfax, Kansas City , Kansas, Toledo, Lockport, Michigan, Wayne , Michigan, Kokomo , Indiana

New York CNN —General Motors and Ford are laying off 500 additional workers between them, blaming the expansion of the strike announced by the United Auto Workers union at those companies on Friday. General Motors said it was laying off 164 workers at stamping plants in Parma, Ohio, and Marion, Indiana. Ford said it laid off 330 workers at its Chicago Stamping Plant and Lima Engine Plant following the union’s decision Friday to strike its Chicago Assembly plant, which made the Ford Explorer and Lincoln Aviator SUVs. It had previously laid off 600 hourly workers at the Michigan Assembly plant in Wayne, Michigan who were not on strike. Those benefits for both strikers and laid-off UAW members will cost the union about $14.3 million a week, but it went into the strike with $825 million in its strike fund.

Persons: General Motors, Marion, ”, Ford, “ Organizations: New, New York CNN —, Motors, Ford, United Auto Workers, General, Lansing Delta, GMC, Traverse, Buick, Chicago Assembly, Ford Explorer, Lincoln Aviator, Michigan Assembly, Jeep, Dodge, Chrysler, UAW, Anderson Economics Group, CNN Locations: New York, Parma , Ohio, Marion , Indiana, Wentzville , Ohio, Lansing, Lansing , Michigan, Colorado, Parma, Fairfax, Kansas City , Kansas, Toledo, Lockport, Chicago, Michigan, Wayne , Michigan, Kokomo , Indiana

Those three struck plants are a Ford plant in Wayne, Michigan, a GM plant in Wentzville, Missouri and a Stellantis plant in Ohio. A week ago, Fain announced that there had been progress at Ford toward a settlement, and that it would not expand the strike there. But he said the lack of progress at GM and Stellatis meant that the union would expand the strike to 38 parts distribution centers at those two companies. The union had said from the start of the strike that was retaining the option to expand its walkout as a way of increasing pressure on the companies. If the strike does expand on Friday, where it expands will go a long way in determining how much economic pressure the union is putting on the company.

Persons: Shawn Fain, Joe Biden, Biden, Fain, ” Fain, “ Stellantis, Marshall, Ford Organizations: Detroit CNN, United Auto Workers, General Motors, UAW, Ford, GM Locations: Wayne , Michigan, Wentzville , Missouri, Ohio, Marshall , Michigan, Michigan, Kansas City , Kansas

☆ Live Updates: UAW strikers receive Biden's support as he walks picket line in Michigan
▼ + stars: | 2023-09-26 | by ( Chris Isidore | Vanessa Yurkevich | ) edition.cnn.com time to read: +2 min

Left: President Joe Biden speaking about the auto workers strike from the Roosevelt Room of the White House in Washington on Sept. 15. Right: UAW President Shawn Fain at the 2023 Special Elections Collective Bargaining Convention in Detroit, Michigan, on March 27. Susan Walsh/AP/Rebecca Cook/ReutersWhen President Joe Biden becomes the first sitting president to visit a picket line Tuesday, United Auto Workers union President Shawn Fain will be there with him. Six months ago, it was doubtful Biden or almost anyone else at the White House knew who Fain was. And in July, Fain was at the White House meeting with staff about the administration's support for EVs, and he met face-to-face with Biden.

Persons: Joe Biden, Roosevelt, Shawn Fain, Susan Walsh, Rebecca Cook, Biden, Fain, Joe Biden’s, ” Fain, he's, Donald Trump, Trump Organizations: White, UAW, Reuters, United Auto Workers, Ford, SK, White House Locations: Washington, Detroit , Michigan, Michigan

☆ UAW President Fain to join President Biden on the picket line Tuesday in Michigan
▼ + stars: | 2023-09-25 | by ( Vanessa Yurkevich | ) edition.cnn.com time to read: +1 min

CNN —United Auto Workers union President Shawn Fain will join President Joe Biden on the picket line Tuesday in Wayne County, Michigan, according to a source familiar with the situation. Trump will skip the second Republican presidential primary debate in California Wednesday and is expected to also head to Michigan to address union workers. Negotiations between the striking UAW and Ford remained very active over the weekend and on Monday, but there is still distance on some key issues. There has not been the same movement and seriousness of progress with both General Motors and Stellantis, the source added. Fain said Friday “all parts distributions centers at General Motors and Stellantis will be on strike.

Persons: Shawn Fain, Joe Biden, Donald Trump’s, Fain, ” Organizations: CNN — United Auto Workers, UAW, Trump, Republican, United Auto Workers, General Motors, Ford, Big Three, GM Locations: Wayne County , Michigan, California, Michigan

☆ Live updates: UAW strike expands significantly against GM and Stellantis
▼ + stars: | 2023-09-22 | by ( Chris Isidore | Vanessa Yurkevich | ) edition.cnn.com time to read: +2 min

UAW President Shawn Fain speaks at a rally in Detroit on September 15. The UAW vastly expanded its strike against GM and Stellantis Friday, although none of the plants is particularly crucial to the automakers’ operations, surprising industry insiders – even experts who predicted the UAW would implement a targeted strike. Nevertheless, the strike marks the first time in history the UAW has struck at all three automakers simultaneously. In leaked messages obtained by CNN, United Auto Workers Union Communications Director Jonah Furman said the plan is to “keep them wounded for months." "They don’t know what to do… this is recurring reputations damage and operation chaos," Furman said in one of the leaked messages.

Persons: Shawn Fain, Matthew Hatcher, –, Fain, Jonah Furman, Furman, they’re, Joe Biden, Biden Organizations: Getty, White, UAW, GM, CNN, United Auto Workers Union Communications, Democratic Locations: Detroit, AFP

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