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His comments come despite record contract offers from General Motors , Ford Motor and Stellantis that now include 23% hourly pay increases and other significantly enhanced benefits during the terms of the four and a half-year deal. "These are already record contracts, but they come at the end of decades of record decline. Despite Fain's comments, the union did not announce additional strikes Friday against any of the companies. He said it should be the UAW and Ford against foreign automakers," Fain said. About 34,000 U.S. automakers with the companies, or roughly 23% of UAW members covered by the expired contracts with the Detroit automakers, were on strike.

Persons: Shawn Fain, Fain, it's, they've, Bill Ford, Ford, Stellantis Organizations: DETROIT, United Auto Workers, Detroit, General Motors, Ford Motor, Bloomberg, Ford's, Ford, UAW, GM, Detroit automakers Locations: Stellantis, Ford's Kentucky

☆ GM executive slams UAW over 'flow of misinformation,' rhetoric during strike
▼ + stars: | 2023-09-20 | by ( Michael Wayland | ) www.cnbc.com time to read: +5 min

The UAW opens auto contract negotiations with Stellantis today, Ford on July 14, and General Motors on July 18. "As the past has clearly shown, nobody wins in a strike," Reuss said in a Wednesday column in the Detroit Free Press. watch nowGM's last offer was made Sept. 14, ahead of the union initiating a "Stand Up Strike" at one assembly plant each for GM, Ford Motor and Stellantis. UAW President Shawn Fain said Monday the strikes will expand at noon Friday unless "serious progress" is made in negotiations. Late Monday, Ford released a lengthy statement fact-checking comments made by Fain, including auto worker wages, company profits and stock buybacks.

Persons: Shawn Fain, Bill Pugliano, Mark Reuss, Reuss, GM's, Wells Fargo's Colin Langan, Langan, Andrew Harrer, Ford, Fain, Jim Farley, He's, We've, Farley, CNBC's Phil LeBeau, he's Organizations: United Auto Workers, Sterling Heights Assembly, UAW, Ford, General Motors, Getty, DETROIT, Detroit automakers, General, Detroit Free Press, GM, Ford Motor, Stellantis, General Motors Co, Chevrolet Silverado, Auto, Bloomberg Locations: Sterling Heights, Sterling Heights , Michigan, Stellantis, Wentzville , Missouri, Wayne , Michigan, Toledo , Ohio, Detroit , Michigan

☆ Everything you need to know about UAW's targeted strike plans – and possible lockouts
▼ + stars: | 2023-09-14 | by ( Michael Wayland | ) www.cnbc.com time to read: +5 min

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

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