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☆ An Ohio Town Struggles Between Biden’s Clean Energy Agenda and Union Support
▼ + stars: | 2023-09-23 | by ( Jonathan Weisman | More About Jonathan Weisman | ) www.nytimes.com time to read: +1 min

In the shadow of a shuttered General Motors plant in Lordstown, Ohio, far from the United Automobile Workers’ picket lines, the U.A.W. and the management of an electric vehicle battery plant are locked in a wholly different conflict. officials take pains to say the talks in Lordstown between the autoworkers union and Ultium Cells, a joint venture between G.M. and LG Energy Solution in South Korea that is building the fuel cells to power G.M.’s electric vehicles, are not directly linked to the strikes. Vance, Republican of Ohio, specifically pointed to the struggles of Ultium workers laboring near the old G.M.

Persons: Biden, Donald J, Trump, —, Biden’s, J.D, Vance Organizations: General Motors, United Automobile Workers, Ultium, LG Energy, Democrats, Republican Locations: Lordstown , Ohio, Ohio, Lordstown, G.M, South Korea, Michigan

☆ U.A.W. Widens Strikes at G.M. and Stellantis, but Cites Progress in Ford Talks
▼ + stars: | 2023-09-22 | by ( Neal E. Boudette | More About Neal E. Boudette | ) www.nytimes.com time to read: +1 min

The United Automobile Workers union on Friday significantly raised the pressure on General Motors and Stellantis, the parent of Jeep and Ram, by expanding its strike against the companies to include all the spare parts distribution centers of the two companies. Shawn Fain, the union’s president, said Friday that workers at 38 distribution centers, which provide parts to dealerships for repairs, at the two companies would walk off the job at noon. He said talks with two companies had not progressed significantly, contrasting them with Ford Motor, which he said had done more to meet the union’s demands. “We will shut down parts distribution centers until those two companies come to their senses and come to the bargaining table,” Mr. Fain said. distribution centers that employ a total of 3,475 workers, and 20 Stellantis centers with 2,150 U.A.W.

Persons: Shawn Fain, “, Mr, Fain Organizations: United Automobile Workers, General Motors, Jeep, Ford Motor

☆ Strike Is a High-Stakes Gamble for Autoworkers and the Labor Movement
▼ + stars: | 2023-09-19 | by ( Noam Scheiber | More About Noam Scheiber | ) www.nytimes.com time to read: +1 min

Since the start of the pandemic, labor unions have enjoyed something of a renaissance. They have made inroads into previously nonunion companies like Starbucks and Amazon, and won unusually strong contracts for hundreds of thousands of workers. Last year, public approval for unions reached its highest level since the Lyndon Johnson presidency. Strikes by railroad workers and UPS employees, which had the potential to rattle the U.S. economy, were averted at the last minute. The strike by the United Automobile Workers, whose members walked off the job at three plants on Friday, is shaping up to be such a test.

Persons: Lyndon Johnson, haven’t, ’, Ram — Organizations: United Automobile Workers, —, Motors, Ford, Chrysler, Jeep Locations: Southern California, U.S

Autoworkers put down their toolsThousands of autoworkers walked off the job on Friday morning at three Midwest plants in an unprecedented strike, as the United Automobile Workers and Detroit’s three big carmakers remained miles apart on contract talks. A lengthy strike could dent the Big Three’s profits, analysts say, at a time when the companies are investing heavily in electric vehicles to catch up to Tesla and Chinese rivals. Mary Barra, G.M.’s chief, warned that meeting all or most of the union’s demands could hobble the company’s prospects. “Make no mistake: If we don’t continue to invest, we will lose ground, and it will happen fast,” she said. “Nobody wins in a strike.”

Persons: Autoworkers, autoworkers, Biden, Ford, Mary Barra, ’, “, ” Organizations: United Automobile Workers, General Motors, Dodge, Chrysler Locations: Stellantis, Amsterdam, G.M

☆ Here Are the Plants Where U.A.W. Strikes Are Happening
▼ + stars: | 2023-09-15 | by ( Lazaro Gamio | Eli Murray | ) www.nytimes.com time to read: +2 min

Here Are the Plants Where U.A.W. Strikes Are HappeningWentzville Assembly Plant 3,600 workers Michigan Assembly Plant 3,300 workers Toledo Assembly Complex 5,800 workers Wentzville Assembly Plant 3,600 workers Michigan Assembly Plant 3,300 workers Toledo Assembly Complex 5,800 workers Ala. Alaska Ariz. Ark. The three plants represent only a small portion of the unionized factories of G.M., Ford and Stellantis across the United States, and less than 10 percent of those companies’ 150,000 U.A.W. Company Plant Workers Ford Michigan Assembly Plant Wayne, MI 3,300 Stellantis Toledo Assembly Complex Toledo, OH 5,800 GM Wentzville Assembly Plant Wentzville, MO 3,600 Sources: Company websites (plant locations); U.A.W. The strikes are affecting plants owned by each of the three U.S. automakers — a change in tactics from previous U.A.W.

Persons: Iowa Kan Organizations: Plant, Hawaii Idaho Ill, N.D . Ohio Okla, New York Times, United Automobile Workers, Detroit, —, Motors, Ford Motor, Chrysler —, Ford, Company Plant Workers Ford, Company Plant Workers Ford Michigan Assembly Plant, Wentzville Locations: Michigan, Toledo, Ala, Alaska, Calif, Colo, Conn, Del, Fla . Ga, Hawaii Idaho, Ind, Iowa, Ky, La . Maine Md, Mass, Mich, Minn, Miss, Mo, Mont, Neb, N.H . N.J, N.M, N.Y, N.C, N.D . Ohio, N.D . Ohio Okla ., Pa, S.D . Tenn . Texas Utah, Va, Wash, W.Va . Wis, Wyo, Midwest, G.M, United States, Company Plant Workers Ford Michigan, Company Plant Workers Ford Michigan Assembly Plant Wayne, MI

☆ U.A.W. Set to Begin Walkouts as Deadline Nears With No Contract Deals
▼ + stars: | 2023-09-14 | by ( Neal E. Boudette | More About Neal E. Boudette | ) www.nytimes.com time to read: +1 min

The United Automobile Workers union said late Thursday that its members were set to walk off the production lines in three plants in three states at midnight in what would be the first strike simultaneously affecting all three Detroit automakers. The union and the companies — General Motors, Ford Motor and Stellantis, the parent of Chrysler — remained deadlocked in negotiations over a new collective bargaining agreement with the current contract set to expire at 11:59 p.m. As the deadline neared, workers started to fan out at the plants to protest. At the outset, the strike would idle one plant owned at each automaker, and could force the automakers to halt production at other locations, shaking local economies in factory towns across the Midwest. “We are using a new strategy,” the union’s president, Shawn Fain, said in a video streamed via Facebook. “We are calling on select locals to stand up and go out on strike.”

Persons: Chrysler —, Shawn Fain, ” Organizations: United Automobile Workers, Detroit automakers, Motors, Ford Motor, Chrysler, Facebook

☆ Standoff Over Electric Vehicle Workers Poses Risk for Biden
▼ + stars: | 2023-09-13 | by ( Noam Scheiber | More About Noam Scheiber | ) www.nytimes.com time to read: +1 min

President Biden has been highly attuned to the politics of electric vehicles, helping to enact billions in subsidies to create new manufacturing jobs and going out of his way to court the United Automobile Workers union. The union, under its new president, Shawn Fain, wants workers who make electric vehicle components like batteries to benefit from the better pay and labor standards that the roughly 150,000 U.A.W. The Detroit automakers counter that these workers are typically employed in joint ventures with foreign manufacturers that the U.S. automakers don’t wholly control. The companies say that even if they could raise wages for battery workers to the rate set under their national U.A.W. contract, doing so could make them uncompetitive with nonunion rivals, like Tesla.

Persons: Biden, Ram —, Shawn Fain, Tesla Organizations: United Automobile Workers, —, Motors, Ford Motor, Chrysler, Jeep, Detroit automakers, U.S, don’t

☆ Jim Cramer on how to navigate the August pullback in equities markets
▼ + stars: | 2023-08-20 | by ( Jim Cramer | ) www.cnbc.com time to read: +8 min

But I don't think they are as related as most would have you believe. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Persons: nothing's, Jerome Powell, we're, it's, Powell, Jackson, Donald Trump, Trump, Joe Biden, Walter Reuther playbook, Ronald Reagan, Xi Jinping, Herbert Hoover, –, – Trump, let's, Jim Cramer's, Jim Cramer, Jim, David Paul Morris Organizations: Apple, Nvidia, Home Depot, Walmart, Trump, Republican, United Automobile Workers, UAW, Trust Corporation, Jim Cramer's Charitable, CNBC, U.S . Federal Reserve, Federal Reserve Bank of Kansas, Bloomberg, Getty Locations: Jackson, Georgia, China, Federal Reserve Bank of Kansas City, Moran , Wyoming

☆ From Detroit to Hollywood, New Union Leaders Take a Harder Line
▼ + stars: | 2023-08-16 | by ( Noam Scheiber | More About Noam Scheiber | ) www.nytimes.com time to read: +1 min

Shawn Fain is not a typical president of the United Automobile Workers union. Mr. Fain recently declined a symbolic handshake with the chief executives of the major Detroit automakers, a gesture that traditionally kicks off contract negotiations. He is seeking an ambitious 40 percent wage increase for rank-and-file members — in line, he says, with the pay gains of those corporate leaders over the past four years. Mr. Fain, who won his position in March, is the first president in the union’s history, dating back nearly 90 years, to be elected directly by its members. The change took place after a major corruption scandal engulfed two of his predecessors and several more union officials.

Persons: Shawn Fain, Fain, “, ’ ”, Shana Shaw, ‘ It’s, ’ Organizations: United Automobile Workers, Detroit, Chrysler, General Motors Locations: Stellantis, Missouri

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