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Aides said that President Biden urged both sides of the dispute to stay at the negotiating table. Just before the strike vote, Mr. Biden called Shawn Fain, the president of the U.A.W. How Mr. Biden navigates the situation could have a significant impact on his hopes for re-election. Mr. Biden won the state over former President Donald J. Trump with just over 50 percent of the vote. “They talk about labor, but they don’t say ‘union.’ It’s ‘union.’ I’m one of the — I’m proud to say ‘union.’ I’m proud to be the most pro-union president.”
Persons: Biden, Biden’s, , ” Mr, “ You’ve, , Eddie Vale, You’ve, Vale, Shawn Fain, Donald J, ’ ”, ’ It’s, Organizations: United Auto Workers, Republican, White, Democratic, AFL, CNN, Trump, Labor Locations: Michigan, America, United States, Philadelphia
After weeks of negotiations with Ford, GM, and Stellantis, United Auto Workers are on strike. The labor union did not reach an agreement with the Detroit 3 before its deadline. Looming impactThe strike is sure to impact more than just the union workers and the Detroit 3 . Experts also suggest the additional costs Ford, GM, and Stellantis could incur as a result of the negotiations could trickle down to consumers, particularly through EV pricing. Historic momentThe last time the UAW and Detroit 3 companies negotiated a contract in 2019, union workers went on strike against GM for 40 days.
Persons: WsUdPt0or5, Shawn Fain, Fain, Shawn Fain Livestream, woPPh2bVSQ, Stellantis, Tesla, Dan Ives Organizations: Ford, GM, United Auto Workers, Detroit, Service, UAW, WsUdPt0or5 — UAW, General Motors, Chrysler, woPPh2bVSQ — UAW, Associated Press, Company, EV, Wedbush, Car Locations: Wall, Silicon, Wentzville , Missouri, Toledo , Ohio, Ford, Wayne , Michigan
The United Auto Workers labor union launched targeted strikes against the three Detroit automakers early Friday morning. It's the first time in history that the UAW has struck all three of the Detroit automakers at once. GM's Cadillac and Chevrolet brands had just 46 days' and 51 days' worth of vehicles, respectively; the Ford brand had 77 days' worth. Historically, the Detroit automakers have tended to have somewhat larger supplies on hand because their full-size pickups are offered in many different configurations. In contrast to the strike against Stellantis, the UAW's strike against Ford could be relatively brief.
Persons: Ford, Stellantis, GM's, Shawn Fain Organizations: United Auto Workers, Detroit, Ford Bronco, Chevrolet, UAW, Ford Motor, General Motors, Fiat Chrysler Automobiles, French, Peugeot, Cox Automotive, Ford, Detroit automakers, Stellantis, Ford's, Plant Locations: Chevrolet Colorado, U.S, Ford's Michigan, Wentzville , Missouri, Toledo , Ohio
SAM FIORANI, PRODUCTION FORECASTER AT AUTO FORECAST SOLUTIONS:"This is more of a symbolic strike than an actual damaging one ... DEMOCRATIC U.S. REPRESENTATIVE ELISSA SLOTKIN OF MICHIGAN:"I'm looking forward to joining our auto workers on the picket line this weekend. DONALD TRUMP, FORMER U.S. PRESIDENT:"The all Electric (car) is a disaster for both the United Auto Workers and the American Consumer. The targeted strike is intended to give UAW flexibility strike fund duration." SUZANNE CLARK, CEO OF US CHAMBER OF COMMERCE"The UAW strike and indeed the 'summer of strikes' is the natural result of the Biden administration's 'whole of government' approach to promoting unionization at all costs."
Persons: MARY BARRA, who's, we've, Shawn, Fain, DAN IVES, KOJI ENDO, LEE JAE, ARTHUR WHEATON, It's, ELISSA SLOTKIN, JAY TIMMONS, MONICA BOSIO, Stellantis, MARTINO, AMBROGGI, DONALD TRUMP, CHRIS MCNALLY, COLIN LANGAN, AT WELLS, PATRICK ANDERSON, JOHN MURPHY, Ford, ROBERT STREDA, DBRS, SUZANNE CLARK, Biden, Joseph White, David Shepardson, Trevor Hunnicutt, Peter Henderson, Heekyong Yang, Daniel Leussink, Giulio Piovaccari, Mehr Bedi, Medha Singh, Anne Marie Roantree, Jamie Freed, Savio D'Souza, Arun Koyyur Organizations: United Auto Workers, UAW, General Motors, Ford, Chrysler, Ford Bronco, Chevrolet, CNBC, GM, SBI, EUGENE, South, CORNELL SCHOOL, Company, DEMOCRATIC U.S, ELISSA SLOTKIN OF, NATIONAL ASSOCIATION, American Consumer, ISI, AT, Detroit, Thomson Locations: Chevrolet Colorado, Detroit, United States, ELISSA SLOTKIN OF MICHIGAN, China, Washington, San Francisco, Seoul, Tokyo, Milan, Bengaluru
ATLANTA (AP) — A Georgia state senator won't be suspended from office after he was one of 18 others indicted along with former President Donald Trump on charges that he sought to illegally overturn the results of the 2020 presidential election in the state. A three-person panel didn't recommend that state Sen. Shawn Still be temporarily removed from office while the case is pending, Garrison Douglas, a spokesperson for Gov. Still, a Republican who lives in the north Atlanta suburb of Johns Creek, is a swimming pool contractor and former state Republican Party finance chairman. Political Cartoons View All 1163 ImagesAs is required by state law, Kemp appointed Attorney General Chris Carr, as well as Republican state Senate Majority Leader Steve Gooch and Republican state House Majority Leader Chuck Efstration. “Efforts to subvert election outcomes and stifle the will of Georgia voters remain one of the biggest threats to our democracy.”
Persons: Donald Trump, Sen, Shawn Still, Garrison Douglas, Brian Kemp, Trump, , Still, Kemp, Chris Carr, Steve Gooch, Chuck Efstration, , David Shafer, Cathy Latham, Mark Meadows, Nicole Robinson Organizations: ATLANTA, Gov, Republican, Republican Party, Georgia Republicans, Trump, Trump Chief, Georgia Locations: Georgia, Atlanta, Johns Creek, Coffee
[1/3] United Auto Workers union President Shawn Fain joins UAW members who are on a strike, on the picket line at the Ford Michigan Assembly Plant in Wayne, Michigan, U.S., September 15, 2023. REUTERS/Rebecca Cook Acquire Licensing RightsWAYNE, Michigan, Sept 15 (Reuters) - Hundreds of people, including auto workers on the night shift and their supporters, gathered at a Ford (F.N) assembly plant in Wayne, Michigan as members of the United Auto Workers (UAW) union walked off the job to begin a historic strike. "This is what union looks like," said Mike Lester, a supporter who works at a supplier to the major automakers. But UAW President Shawn Fain has said Ford could have funded better pay and benefits for workers if it curtailed stock buybacks and dividends to shareholders. As the strike began, Fain and Debbie Dingell, a Democratic U.S. representative from Michigan, were among the high-profile visitors to Ford's Wayne plant, where about 3,300 UAW members assemble popular Bronco SUVs and Ranger pickup trucks.
Persons: Shawn Fain, Rebecca Cook, Mike Lester, Ford, Jim Farley, Fain, Debbie Dingell, Ford's Wayne, Dingell, Eric Cox, Jamie Freed, Clarence Fernandez Organizations: United Auto Workers, Ford Michigan Assembly Plant, REUTERS, UAW, General Motors, Chrysler, Ford, Democratic, Thomson Locations: Wayne , Michigan, U.S, WAYNE , Michigan, Democratic U.S, Michigan, Ford's
Detroit Three plants where UAW is on strike
  + stars: | 2023-09-15 | by ( ) www.reuters.com   time to read: +1 min
UAW President Shawn Fain chairs the 2023 Special Elections Collective Bargaining Convention in Detroit, Michigan, U.S., March 27, 2023. REUTERS/Rebecca Cook/File Photo Acquire Licensing RightsSept 15 (Reuters) - The United Auto Workers union began unprecedented, simultaneous walkouts at General Motors (GM.N), Ford (F.N) and Chrysler parent Stellantis' (STLAM.MI) U.S. operations early on Friday after failing to reach pay deals with the automakers. These are the first plants where strikes are taking place:GMWentzville, Missouri assembly plantAbout 3,600 UAW membersProducts produced: Chevrolet Colorado and Express; GMC Canyon and SavannaFORDWayne, Michigan assembly plant, excluding stamping plantAbout 3,300 UAW membersProducts produced: Ford Ranger and BroncoSTELLANTISToledo, Ohio assembly plantAbout 5,800 UAW membersProducts produced: Jeep Wrangler and GladiatorCompiled by David Shepardson; Editing by Jamie FreedOur Standards: The Thomson Reuters Trust Principles.
Persons: Shawn Fain, Rebecca Cook, GM, Bronco STELLANTIS, David Shepardson, Jamie Freed Organizations: REUTERS, United Auto Workers, General Motors, Ford, Chrysler, GM Wentzville, Products, Chevrolet, Express, GMC, Thomson Locations: Detroit , Michigan, U.S, Missouri, Chevrolet Colorado, Savanna FORD Wayne , Michigan, Bronco STELLANTIS Toledo , Ohio
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUAW President Shawn Fain has 'totally outsmarted' the Big 3 leadership: MAEVA Group CEO Harry WilsonHarry Wilson, MAEVA Group CEO and former senior member of President Obama’s auto task force, joins 'Squawk Box' to discuss the latest in UAW's targeted strikes, what it means for U.S. automakers and labor, and more.
Persons: Shawn Fain, Harry Wilson Harry Wilson, Obama’s Organizations: MAEVA, U.S
Autoworkers walked off the job on Friday at three factories that produce of some of the Detroit carmakers’ most popular vehicles, the opening salvos in what could become a protracted strike that hurts the U.S. economy and has an impact on the 2024 presidential election. Nearly 13,000 members of the United Auto Workers at plants in Ohio, Michigan and Missouri joined early Friday in what the union described as a targeted strike that could expand to more plants if its demands for pay raises of up to 40 percent and other gains were not met. The union’s four-year contracts with three automakers — General Motors, Ford Motor and Stellantis, which owns Chrysler, Jeep and Ram — expired Thursday, and the companies and the union remained far from striking new deals. The U.A.W.’s president, Shawn Fain, used sweeping language on Thursday to describe why his members were going on strike against all three automakers at the same time — something the union had never done in its nearly 90-year history.
Persons: Autoworkers, Ram —, , Shawn Fain Organizations: Detroit, United Auto Workers, , Motors, Ford Motor, Chrysler, Jeep Locations: U.S, Ohio , Michigan, Missouri
Deaths haunt Corporate America via labor strikes
  + stars: | 2023-09-15 | by ( Ben Winck | ) www.reuters.com   time to read: +5 min
United Auto Workers union President Shawn Fain joins UAW members who are on a strike, on the picket line at the Ford Michigan Assembly Plant in Wayne, Michigan, U.S., September 15, 2023. Manufacturing plants in Wentzville, Missouri, Wayne, Michigan and Toledo, Ohio will be empty as Ford Motor (F.N), General Motors (GM.N), and Stellantis (STLAM.MI) try to reach an agreement with the United Auto Workers collective bargaining committee. Deaths among the demographic that make up the workforce in the transportation sector are partly putting pressure on the problem. Follow @BenWinck on XCONTEXT NEWSThe United Auto Workers union started simultaneous strikes at Ford, General Motors and Stellantis on Sept. 15 after last-minute labor negotiations failed to result in a deal. Pilots organized with the Air Line Pilots Association rejected a tentative labor deal with Fedex on July 24.
Persons: Shawn Fain, Rebecca Cook, they’re, Alan Krueger, walkouts, it’s, , Darren Hawkins, Sean O’Brien, Lauren Silva Laughlin, Sharon Lam Organizations: United Auto Workers, Ford Michigan Assembly Plant, REUTERS, Rights, Reuters, Ford, General Motors, Bureau of Labor Statistics, White, Richmond Federal Reserve, Reuters Graphics Reuters, United Airlines, Sensible, Pilots, Air Line Pilots Association, Fedex, Delta Air Lines, International Brotherhood of Teamsters, of Labor Statistics, Thomson Locations: Wayne , Michigan, U.S, Wentzville , Missouri, Toledo , Ohio
A person carries a flag with the patch from the United Auto Workers (UAW) labor union during a May Day rally for media workers held by The NewsGuild of New York on International Workers' Day in Manhattan, New York City, New York, U.S., May 1, 2021. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsDETROIT, Sept 15 (Reuters) - The United Auto Workers union launched simultaneous strikes at three Detroit Three factories early on Friday, kicking off the most ambitious U.S. industrial labor action in decades. Fain's decision to go with targeted walkouts could limit the cost to the union of strike pay. UAW President Fain has taken an unorthodox approach to the negotiations, bargaining with all three Detroit automakers simultaneously. But the Detroit automakers build some of the U.S. market's best-selling vehicles, such as the Ford F-150 and Chevrolet Silverado pickup trucks and Jeep SUVs.
Persons: Andrew Kelly, Shawn Fain, Fain, Stellantis, Sam Fiorani, Ford, Gerald Johnson, Jim Farley, Joe Biden, Biden, Biden's, Dan Ives, market's, Joseph White, David Shepardson, Peter Henderson, Mehr Bedi, Jamie Freed Organizations: United Auto Workers, UAW, International Workers, REUTERS, Rights, Detroit, Ford Bronco, Chevrolet, General Motors, Ford, Chrysler, Cox Automotive, Forecast Solutions, Bronco, Tesla, GM, Toyota, Honda, Mercedes, Chevrolet Silverado, Deutsche Bank, Thomson Locations: New York, Manhattan , New York City , New York, U.S, Chevrolet Colorado, Wayne , Michigan, Wentzville , Missouri, Toledo , Ohio, Toledo, Detroit Three's U.S, United States, Detroit, Washington, San Francisco, Bengaluru
Sen. Bernie Sanders (I-VT) and UAW President Shawn Fain (left) speak at a rally in support of United Auto Workers members as they strike the Big Three automakers on September 15, 2023 in Detroit, Michigan. Sen. Bernie Sanders addressed striking autoworkers in Detroit on Friday, calling on working people across the U.S. to stand in solidarity with the walkout. Sanders called out General Motors CEO Mary Barra, Stellantis CEO Carlos Tavares and Ford CEO Jim Farley, all of whom made over $20 million last year, about their pay. "It is time for you to end your greed," Sanders said. "Let us all, every American, in every state in this country stand with the UAW," the senator said.
Persons: Sen, Bernie Sanders, Shawn Fain, Sanders, Mary Barra, Carlos Tavares, Jim Farley, — Ford, Stellantis — Organizations: UAW, United Auto Workers, Big, General, Ford, General Motors Locations: Detroit , Michigan, Detroit, Vermont
WASHINGTON — President Joe Biden said Friday that workers should be fairly compensated as auto companies make record profits, after the United Auto Workers union began a strike against General Motors, Ford Motor and Stellantis. "But I believe they should go further to ensure record corporate profits mean record contracts for the UAW." "Auto companies have seen record profits including the last few years because of the extraordinary skill and sacrifices of the UAW workers," Biden said. "Those record profits have not been shared fairly, in my view, with the workers." "We agree with Joe Biden when he says 'record profits mean record contracts,'" Fain said.
Persons: Joe Biden, Biden, Julie Su, Gene Sperling, Shawn Fain, Fain Organizations: WASHINGTON, United Auto Workers, General Motors, Ford Motor, White, UAW, White House, Auto, Workers, Ford Locations: Detroit, Wentzville , Missouri, Wayne , Michigan, Toledo , Ohio
Biden said that when negotiations began, he encouraged leaders of the two sides to stay at the bargaining table as long as possible. The head of the UAW said the union's negotiators “are hard at work at the bargaining table.”The UAW strike is just one of many labor disruptions. Still, a wider strike by the UAW could cause parts of the U.S. economy to shudder. The chain reaction across parts suppliers to the stores and restaurants that auto workers patronize could hurt local economies in Michigan, Wisconsin and other states that could be pivotal in next year’s election. Former President Donald Trump, the early Republican front-runner, said that union workers jobs are at risk because of Biden’s push to use of government incentives to build more EVs.
Persons: Joe Biden, autoworkers, , ” Biden, Stellantis, Biden, Julie Su, Gene Sperling, Shawn Fain, , , Suzanne Clark, Joshua Bolten, ” Fain, Joe Brusuelas, Donald Trump, Trump, Jill Colvin Organizations: WASHINGTON, Big, White, United Auto Workers, General Motors, Ford, UAW, GM, Fiat Chrysler, Workers, Labor Department, Democratic, Business, U.S . Chamber of Commerce, RSM, Oxford Economics, Republican, NBC News Locations: Detroit, California , Oregon, Washington, U.S, Michigan , Wisconsin, China, United States, America
"The autoworkers will not have any jobs, Kristen, because all of these cars are going to be made in China. The electric cars, automatically, are going to be made in China," Trump told NBC News' Kristen Welker in an exclusive, wide-ranging interview set to air Sunday on "Meet the Press." "The autoworkers are being sold down the river by their leadership, and their leadership should endorse Trump," added the frontrunner for the Republican presidential nomination. The strike marked the first time the United Auto Workers union targeted the three automaker titans simultaneously. Read more: Why the United Auto Workers want big raises Trump specifically criticized UAW President Shawn Fain.
Persons: Donald Trump, Kristen Welker, Kristen, Trump, autoworkers, Read, Shawn Fain, he's, Fain, Joe Biden, Matthew Hatcher, Biden, Xi Jinping Organizations: GM, NBC News, Press, WASHINGTON —, United Auto Workers, General Motors, Ford, NBC, Republican, SAIC General Motors Co, automaker titans, Workers, Trump, UAW, Ford Assembly Plant, AFP, Getty, White, U.S, China Locations: China, Wuhan, Wentzville , Missouri, Wayne , Michigan, Toledo , Ohio, Washington, Beijing
But not all of the 146,000 UAW members at company plants are walking picket lines, at least not yet. Top-scale assembly plant workers make about $32 per hour, plus large annual profit-sharing checks. The Ford plant that's on strike employs about 3,300 workers, and it makes Bronco SUVs and Ranger midsize pickup trucks. Under the UAW strategy, workers who go on strike would live on $500 per week in strike pay from the union, while others would stay on the job at full pay. It’s unlikely the companies would lock the remaining workers out of their factories because they want to keep building vehicles.
Persons: Joe Biden’s, , Liz Shuler, Shawn Fain, Britney Johnson, It’s, Candace Bowles, , Bowles, I’m, Fain, ” Fain, “ We’re, Ford, didn’t, Marick, ” Masters, “ They’re, Mary Barra, you’ve, Farley, Jeff Schuster, Stellantis, Schuster, ____ Williams Organizations: DETROIT, United Auto Workers, General Motors, Ford, “ Workers, AFL, UAW, GM, Fiat Chrysler, Toledo Jeep, Bronco, Chevrolet Colorado, GMC, Chevrolet Express, Wayne State University, U.S, CNBC, Global Locations: Wentzville , Missouri, Wayne , Michigan, Detroit, Toledo , Ohio, Toledo
[1/3] United Auto Workers union President Shawn Fain joins UAW members who are on a strike, on the picket line at the Ford Michigan Assembly Plant in Wayne, Michigan, U.S., September 15, 2023. But UAW President Fain has said Ford could have funded better pay and benefits for workers if it curtailed stock buybacks and dividends to shareholders. Full-time Ford employee Robert Murphy, 53, said he was bothered that some workers get half the pay of others doing similar jobs. The strike is ambitious in taking on three automakers at once, but strategic in that keeping most factories running preserves workers' strike fund. Shortly after, one supporter of plant workers, a 38-year GM veteran who declined to give his name, said he did not think the industrial action would stop until the automakers gave into the union demands.
Persons: Shawn Fain, Rebecca Cook, Eric Mullins, Jim Farley, Ford, Fain, Robert Murphy, Murphy, ” Murphy, Eric Cox, Kevin Krolicki, Jamie Freed, Peter Henderson, Clarence Fernandez, Nick Zieminski Organizations: United Auto Workers, Ford Michigan Assembly Plant, REUTERS, General Motors, Chrysler, Ford’s, Plant, UAW, Ford, Thomson Locations: Wayne , Michigan, U.S, WAYNE , Michigan, Detroit
In this article STLAGMF Follow your favorite stocks CREATE FREE ACCOUNTwatch nowDETROIT — The United Auto Workers strike is bringing a blue-collar versus billionaire battle to the Motor City, just as UAW President Shawn Fain wanted. Fain, a quirky yet emboldened leader, has meticulously brought the UAW back into the national spotlight after decades of near irrelevance. He wants to represent not just union members but also America's embattled middle class, which UAW helped create. United Auto Workers union President Shawn Fain joins UAW members who are on a strike, on the picket line at the Ford Michigan Assembly Plant in Wayne, Michigan, September 15, 2023. Such profits are exactly what Fain has said UAW members deserve to share in.
Persons: Shawn Fain, Fain, Rebecca Cook, Joe Biden, Biden, We've, Ford, Jim Farley, CNBC's Phil LeBeau, he's, Mary Barra, Stellantis, bargainers, Sen, Bernie Sanders, Sanders, Bob King, I've, it's, Anthony Dobbins, Dobbins, That's, Michael Wayland, Farley, Barra Organizations: DETROIT, United Auto Workers, Motor, UAW, Ford Michigan Assembly Plant, Reuters, Ford Bronco, UAW GM, Chrysler, National, General Motors, Ford Motor, Plant, Michigan Assembly Plant's, National Labor Relations Board, GM, Ford, CNBC, Democratic, UAW Local Locations: Motor City, irrelevance, Wayne , Michigan, Ford, Michigan, Vermont
[1/4] "UAW on strike" picket signs lay on a pile of wood outside the General Motors Detroit-Hamtramck Assembly in Hamtramck, Michigan, U.S. October 25, 2019. "To win, we're likely going to have to take action," UAW President Shawn Fain said on Wednesday. Fain said it was still possible that at a later date all of the auto workers could strike. Some losses could be recouped by boosting production schedules after a strike, but that possibility fades as a strike extends to weeks or months. That is less than half the pay hikes the union has sought, but higher than companies initial offers.
Persons: Rebecca Cook, we're, Shawn Fain, Fain, Joe Biden, Jared Bernstein, Stellantis, Ford, Bernie Sanders, David Shepardson, Peter Henderson, Jamie Freed Organizations: UAW, General Motors Detroit, Hamtramck, REUTERS, U.S ., United Auto Workers, Detroit, Deutsche Bank, Biden, Ford, General Motors, Chrysler, GM, Thomson Locations: Hamtramck , Michigan, U.S, Detroit
BALTIMORE (AP) — Tampa Bay manager Kevin Cash tried to keep his top relievers rested for this crucial series at Baltimore — and one by one, they came out of the bullpen and shut down the Orioles. The Rays won the opener of this four-game showdown to pull within a game of first-place Baltimore in the AL East. Tampa Bay answered immediately. TRAINER'S ROOMRays: Tampa Bay activated OF Manuel Margot (elbow) from the injured list. Orioles: Hyde said 1B Ryan Mountcastle (shoulder) was feeling better after leaving Wednesday night's game early, but he didn't play Thursday.
Persons: Kevin Cash, Luke Raley, “ We've, ” Cash, ” Ryan O'Hearn, Gunnar Henderson, Raley, Kyle Bradish, Randy Arozarena, Aaron Civale, Rutschman, Civale, Colin Poche, Shawn Armstrong, Robert Stephenson, Pete Fairbanks, , Brandon Hyde, ” Fairbanks, Armstrong, Poche, Stephenson, you've, ” Cedric Mullins, O'Hearn, Jordan Westburg, Brandon Lowe, Arozarena, Henderson, Mullins, Aaron Hicks, Westburg, Christian Bethancourt, Adam Frazier, ” Hyde, Heston Kjerstad, Manuel Margot, Hyde, Ryan Mountcastle, Zach Eflin, Baltimore's Jack Flaherty, Adam Jones, ___ Organizations: BALTIMORE, Baltimore —, Orioles, Rays, AL East, Tampa Bay, Fairbanks, Minnesota, Tampa, Wednesday, Bay Locations: Tampa Bay, Tampa, Baltimore, “ Minnesota
Targeted, or bottleneck, strikes are an alternative to national actions in which the union only strikes select plants. Targeted strikes typically focus on key plants that can then cause other plants to cease production due to a lack of parts. They include initiating targeted strikes at select plants and then potentially increasing the number of strikes based on the status of the negotiations. "We will strike all three companies, a historic first, initially at a limited number of targeted locations that we will be announcing. While "historic," the targeted strikes could have unintended ripple effects.
Persons: Shawn Fain, Rebecca Cook, Fain, Dennis Devaney, Clark, Devaney, Plant, Jeffrey S, Kopp, Lardner, everything's, UAW hasn't, Ben Dictor, Dictor Organizations: United Auto Workers, Sterling Heights Assembly, Reuters DETROIT, Ford, General Motors, UAW, NLRB, GM, Exxon Mobil, Foley, Detroit, National Labor Relations Board Locations: Sterling Heights, Sterling Heights , Michigan, U.S, Texas, Michigan
Here’s what to watch as the clock ticks down:Which plants would go on strike? One advantage of a targeted strike for the union is the potential to save resources and extend a possible walkout. Striking union members are eligible for $500 a week from the union’s strike fund. Ford has not had a national strike since 1976 and has not had a strike of any kind at its US plants since 1978. Sometimes after talks break down, the parties can return to the table and reach a deal without a strike.
Persons: Jeff Schuster, , Schuster, Shawn Fain, Fain, We’re, , , Ford, Wheaton, Will Organizations: New, New York CNN, United Auto Workers, General Motors, Ford, GlobalData, UAW, GM, Stellantis, Jeep, Dodge, Chrysler, Cornell University’s Industrial, Labor Relations, Warehouse, Writers Guild of America, Alliance, Television Producers, UPS, Teamsters Locations: New York, America, Kokomo , Indiana, Toledo , Ohio, Livonia , Michigan, Stellantis, Buffalo, West
The UAW can strike in a few ways, but typically, members have gone on strike against just one of the three Detroit automakers rather than all three at once. "We're going to hit where we need to hit and when we need to hit, we're going to hit to move mountains." If the UAW cuts off the Detroit auto companies' precious money-making factories, that could have a broader impact. AdvertisementAdvertisementIf the UAW strike takes down Detroit 3 production, that will impact the hundreds of suppliers that provide parts to these companies. Suppliers struggled after the last UAW strike, during which workers halted production at GM for 40 days.
Persons: Stellantis, Shawn Fain, Fain Organizations: United Auto Workers, Service, Ford, General Motors, Detroit, GM, UAW, Suppliers Locations: Wall, Silicon, Mexico, Detroit
But there’s a good chance at least some of them, at a mix of plants and companies, will walk out. Those limited, targeted strikes could be enough to grind production to a halt at America’s three unionized automakers. One advantage for the union of a targeted strike is the potential to save resources and extend a possible walkout. Striking union members are eligible for $500 a week from the union’s strike fund. The companies did not respond to questions Wednesday about their plans if faced with the targeted strikes Fain described on Wednesday.
Persons: Shawn Fain, Fain, Jeff Schuster, , Schuster, Jim Farley, Farley, Bill Ford, ” Farley, , ” Ford, can’t, “ We’re, Patrick Anderson, Anderson, That’s, Ford Organizations: Detroit CNN, General Motors, Ford, United Auto Workers, UAW, America ’, GlobalData, GM, Detroit Auto, Jeep, Dodge, Chrysler, Anderson Economic Group, Fiat Chrysler, PSA Group Locations: America, Detroit, North America, Michigan, Edmunds, That’s, European
AMC Entertainment — Shares of the movie theater chain jumped 5% in premarket trading after AMC said it had completed the equity offering it announced earlier this month. The company said it sold 40 million shares at an average price of $8.14, raising about $325.5 million. In the second quarter, the company earned 11 cents a share, after adjustments, exceeding analysts' expectations of 2 cents per share, according to FactSet. Penn Entertainment — The sports betting stock climbed 3% in premarket trading following a short-term buy call from Deutsche Bank. The conglomerate sold about 5.5 million shares of HP, worth around $158 million.
Persons: Wolfe, Semtech, Warren Buffett's Berkshire Hathaway, Shawn Fain, Jim Farley, — CNBC's Michelle Fox, Alex Harring, Yun Li, Tanaya Macheel, Jesse Pound, Pia Singh Organizations: AMC, Wolfe Research, Penn Entertainment, Deutsche Bank, BMO Capital Markets, Exxon Mobil, Chevron, Brent, Occidental Petroleum, HP —, HP, Berkshire, General Motors, Ford —, United Auto Workers, Ford Locations: China, Devon, Omaha
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