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☆ I'm not that worried about a strike by the UAW, it's not a reason to sell, says Jim Cramer
▼ + stars: | 2023-08-16 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI'm not that worried about a strike by the UAW, it's not a reason to sell, says Jim Cramer'Mad Money' host Jim Cramer revisits the auto industry to look at the ongoing negotiations between auto companies and the UAW.

Persons: it's, Jim Cramer Organizations: UAW

☆ The auto industry is a good example of the power labor unions now hold, says Jim Cramer
▼ + stars: | 2023-08-16 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

The auto industry is a good example of the power labor unions now hold, says Jim Cramer'Mad Money' host Jim Cramer revisits the auto industry to look at the ongoing negotiations between auto companies and the UAW.

Persons: Jim Cramer Organizations: UAW

☆ Detroit's Big 3 automakers are headed for a clash with their workers' union as they gear up for another contentious contract negotiation
▼ + stars: | 2023-08-16 | by ( Nora Naughton | ) www.businessinsider.com time to read: +7 min

The United Auto Workers union is negotiating new four-year contracts with Ford, GM, and Stellantis. UAW President Shawn Fain isn't ruling out a strike, potentially at more than one company. The White House has weighed in as the automotive industry's labor union, the United Auto Workers, is gearing up for a fight with Detroit's Big Three car companies this summer and fall. The average labor costs for the Detroit Three heading into contract talks four years ago hovered between $55 and $60 per hour. Correction: July 27, 2023 — An earlier version of this story incorrectly said workers at GM's Ultium plant were not represented by a Union.

Persons: Shawn Fain isn't, Detroit's, Joe Biden, Biden, Ford, Shawn Fain, He's, Fain, Biden's, John Deere, Tesla Organizations: United Auto Workers, Ford, GM, Detroit, UAW, Morning, Chrysler, Jeep, Facebook, University of California, EV, Lordstown, Labor, Center for Automotive Research, Union Locations: Tennessee

☆ Cramer examines the potential fallout from a UAW strike but doesn't think auto shareholders should panic
▼ + stars: | 2023-08-16 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Wednesday examined the ramifications a strike by the United Auto Workers union would have on the big three U.S. automakers. The union will vote on whether to strike next week, and if they decide to do so it could cost automakers billions. But Cramer said he doesn't think investors should rush to sell off their auto shares, saying he feels the strike is a one-time cost that these companies can bounce back from. Cramer noted that auto stocks are already down from their highs in a short period of time. Cramer also said he doubts the agreement UAW would eventually reach with automakers will be at the level of Fain's current demands.

Persons: CNBC's Jim Cramer, Shawn Fain, Cramer, FactSet, Ford Organizations: United Auto Workers, U.S, automakers, UAW, Motors Locations: North America

☆ UAW plans raise specter of strikes at Detroit Three automakers
▼ + stars: | 2023-08-15 | by ( ) www.reuters.com time to read: +2 min

Aug 15 (Reuters) - United Auto Workers members are planning to vote next week to authorize possible strikes at the Detroit Three automakers ahead of a Sept. 14 deadline, the union said on Tuesday. "Whether or not there's a strike next month is entirely up to the Big Three automakers," Fain said in a statement. The UAW said the talks with all three companies have yet to progress beyond non-economic issues. U.S. President Joe Biden on Monday called on the automakers and the UAW to reach "a fair agreement" before the contracts expire. The UAW said Tuesday that it recently raised strike pay to $500 per week per member and has over $825 million in its strike fund.

Persons: Shawn Fain, Fain, Joe Biden, Nathan Gomes, Ben Klayman, Anil D'Silva, Lisa Shumaker Organizations: United Auto Workers, Detroit Three, General Motors, Ford Motor, Facebook, Big Three, UAW, Deutsche Bank, Thomson Locations: Bengaluru, Ben

☆ Jim Cramer worries about a UAW union strike at Ford. Here's how we're playing the stock
▼ + stars: | 2023-08-15 | by ( Paulina Likos | ) www.cnbc.com time to read: +6 min

Jim Cramer is cautious about Ford (F) due to the heightened risk of a United Auto Workers strike, which has been a recent overhang on the Club stock. The company is already seeing 50% gross margins on those software services, CEO Jim Farley said during a call with reporters following the announcement. Ford's EV transition The new software services push is just one more way Ford is embracing new technology. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Ford CEO Jim Farley poses for a photo at the launch of the all-new electric Ford F-150 Lightning pickup truck at the Ford Rouge Electric Vehicle Center on April 26, 2022 in Dearborn, Michigan.

Persons: Jim Cramer, Jim, Shawn Fain, Fain, Joe Biden, Ford, Peter Stern, Stern, Jim Farley, Farley, Morgan Stanley, Tesla, Jim Cramer's, Bill Pugliano Organizations: Ford, United Auto Workers, Club, UAW, Detroit automakers, Deutsche Bank, Apple, Ford Integrated Services, Ford Pro, EV, Barclays, General Motors, ICE, CNBC, Ford Rouge Electric Vehicle Center, Getty Locations: Dearborn , Michigan

☆ Biden urges automakers, union to make 'a fair agreement'
▼ + stars: | 2023-08-14 | by ( ) www.reuters.com time to read: +1 min

U.S. President Joe Biden waves as he steps from Marine One upon his return from Delaware to the White House in Washington, U.S., August 14, 2023. REUTERS/Kevin LamarqueWASHINGTON, Aug 14 (Reuters) - U.S. President Joe Biden on Monday called for union auto workers and Detroit's Big Three automakers to come together on a new agreement ahead of their contact's expiration next month. "I’m asking all sides to work together to forge a fair agreement," Biden said in a statement as talks continue between the United Auto Workers (UAW) and Ford (F.N), General Motors (GM.N) and Stellantis' Chrysler (STLAM.MI) . Representatives for the UAW and the three automakers could not immediately be reached for comment. Reporting by Ismail Shakil and Ben Klayman; writing by Susan Heavey; editing by Rami AyyubOur Standards: The Thomson Reuters Trust Principles.

Persons: Joe Biden, Kevin Lamarque WASHINGTON, Biden, Ismail Shakil, Ben Klayman, Susan Heavey, Rami Ayyub Organizations: Marine, White, REUTERS, United Auto Workers, UAW, Ford, General Motors, Chrysler, Thomson Locations: Delaware, Washington , U.S

☆ Biden urges 'fair agreement' between UAW and Detroit automakers that avoids plant closures
▼ + stars: | 2023-08-14 | by ( Michael Wayland | ) www.cnbc.com time to read: +3 min

DETROIT – President Joe Biden is calling for a "fair agreement" between the United Auto Workers and Detroit automakers that avoids "painful" plant closures, as the sides engage in contentious contract negotiations for roughly 150,000 unionized U.S. auto workers. Biden – touted as the "most pro-union president" – said Monday that the negotiations provide a "win-win opportunity" for all sides, while calling for a "fair transition to a clean energy future." He also hailed the union's role in creating the American middle class, which he said these new contracts should sustain. I'm asking all sides to work together to forge a fair agreement," Biden said in a statement released by the White House. The UAW considered Biden's statement a win, as union leaders such as Fain have been calling for a "just transition" to all-electric vehicles, which threaten UAW jobs.

Persons: Joe Biden, Biden –, –, —, Biden, Shawn Fain, Stellantis, Fain, Biden's Organizations: UAW, DETROIT, United Auto Workers, Detroit, White, General Motors, Ford Motor, GM, Ford Locations: Warren , Michigan, Illinois

Biden and UAW President Shawn Fain met briefly in the West Wing last month while UAW leadership was at the White House briefing senior staff on their positions. Fain has publicly warned that UAW is prepared to strike, saying nearly 150,000 members will strike if the three automakers do not meet their demands. Ford pointed out that it employs more UAW members and builds more cars and trucks at US plants than any other automaker. For the most part, those plants are joint ventures between automakers and battery makers, and thus will not be covered under the UAW contracts with the Big Three. But the union has yet to reach a deal with plant management on a contract, and workers there are paid about half of what UAW members are paid at the Big Three.

Persons: Joe Biden, –, —, ” Biden, Biden’s, Shawn Fain, Fain, Biden, ”, “, ” Ford, Stellantis, Ford, “ Stellantis, Vanessa Yurkevich Organizations: Washington DC CNN, United Auto Workers, – Ford, General Motors, “, AFL, CIO, UAW, Biden, Wing, White, Ford, Dodge, Chrysler, EV, CNN, Big, GM, Workers, LG Locations: Warren , Ohio

☆ Chrysler owner calls for focus on reality in UAW labor talks
▼ + stars: | 2023-08-11 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

People attend a Stellantis presentation at the New York International Auto Show, in Manhattan, New York City, U.S., April 5, 2023. REUTERS/David 'Dee' DelgadoAug 11 (Reuters) - Chrysler parent Stellantis (STLAM.MI) sharply criticized the demands of the United Auto Workers (UAW) union on Friday, saying they need "a focus on reality from everyone involved." A UAW spokesman declined immediate comment on Stewart's letter, but earlier this week UAW President Shawn Fain called the Stellantis proposals "trash" and tossed a copy of them in a waste basket in live streamed remarks. "Stellantis proposals are a slap in the face," Fain said disclosing the company was proposing cuts to healthcare coverage, fewer vacation days for new hires and lifting a cap on temporary employees. The UAW also said the company opposes an end to two-tier wages, a practice of newer hires getting paid much less than veteran workers.

Persons: David, Dee, Delgado, Mark Stewart, Shawn Fain, Stewart, Fain, Stellantis, David Shepardson, Mark Porter, Alexander Smith Organizations: New York, REUTERS, Chrysler, United Auto Workers, UAW, Reuters, Stellantis, General Motors, Ford, Thomson Locations: Manhattan , New York City, U.S, America

☆ A key signal suggests job growth could plummet in coming months amid labor strikes and bad weather
▼ + stars: | 2023-08-11 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

A key signal suggests monthly job growth could plummet in the coming months, according to Ned Davis Research. The research firm highlighted that a slow-down in temporary hiring services is the canary in the coal mine. The investment research firm highlighted a key leading indicator that is warning of a potential slowdown in hiring, and that's the hiring activities of temporary hiring services. And the two most recent job reports also came in below economist estimates, ending a more than year-long streak of better-than-expected job growth. Other factors that could limit future job growth includes tighter lending standards and a potential strike by the UAW and other unions.

Persons: Ned Davis, Joseph Kalish, Kalish Organizations: Ned Davis Research, NDR, UAW, Employers

☆ UAW will have to get public policy aid for some issues raised, says labor expert Marick Masters
▼ + stars: | 2023-08-09 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUAW will have to get public policy aid for some issues raised, says labor expert Marick MastersMarick Masters, Wayne State business professor, and Douglas Holtz-Eakin, American Action Forum president, joins 'Last Call' to talk the UAW's upcoming contract negotiations with automakers.

Persons: Marick, Douglas Holtz Organizations: UAW, Wayne, Action Locations: Wayne State

☆ UAW says Chrysler parent Stellantis seeking concessions in talks
▼ + stars: | 2023-08-08 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

The logo of Stellantis is seen on a company's building in Velizy-Villacoublay near Paris, France, Feb. 23, 2022. REUTERS/Gonzalo Fuentes/File PhotoAug 8 (Reuters) - The United Auto Workers (UAW) union said on Tuesday that Chrysler parent Stellantis (STLAM.MI) is seeking numerous concessions in ongoing contract talks, including cuts to existing medical coverage. The UAW also said the company opposes an end to two-tier wages, a practice of newer workers getting paid much less than veteran workers. The UAW is seeking more than 40% pay raises over four years, significant additional time off and a restoration of defined benefit pensions previously eliminated for newer workers. The UAW wants new limits on temporary workers and for them to receive profit sharing.

Persons: Gonzalo Fuentes, Stellantis, Shawn Fain, David Shepardson, Bernadette Baum Organizations: REUTERS, United Auto Workers, UAW, Chrysler, Stellantis, General Motors, Ford, Reuters, U.S, Thomson Locations: Velizy, Villacoublay, Paris, France, Illinois

☆ UAW leader defends union's lofty demands, (literally) trashes Stellantis contract proposals
▼ + stars: | 2023-08-08 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

The leader of the United Auto Workers on Tuesday adamantly defended lofty demands for the union's members who work for the Detroit automakers, while calling recent contract proposals from Stellantis "trash." Fain laid out reported changes to the contract involving holiday and vacation days, absenteeism, 401(k) contributions, profit-sharing payments and other proposals that he described as "concessionary." "Stellantis' proposals are a slap in the face. Contract talks between the union and automakers usually begin in earnest in July ahead of mid-September expirations of the previous four-year agreements. Fain also criticized Stellantis CEO Carlos Tavares for not meeting with union leaders to open the negotiations.

Persons: Shawn Fain, Fain, Stellantis, it's, Carlos Tavares, Tavares Organizations: United Auto Workers, Detroit automakers, UAW, Chrysler, Ford Motor, General Motors, Detroit Locations: Europe

☆ UAW angrily tosses Stellantis contract offer in trash
▼ + stars: | 2023-08-08 | by ( ) edition.cnn.com time to read: +2 min

United Auto Workers (UAW) union President Shawn Fain angrily tossed contract proposals from Stellantis in a trash can on Tuesday, citing numerous concessions that the Chrysler parent is seeking in labor talks. “Management has chosen to spit in our faces.”During the chat Fain tossed a copy of the Stellantis proposal in a waste basket. Fain cited an Aug. 1 statement Stellantis made to Reuters that the automaker is “not seeking a concessionary agreement.”Stellantis did not comment. The UAW is also seeking to make all temporary workers at US automakers permanent, add a substantial increase in paid time off, and restore retiree health-care benefits and cost-of-living adjustments. The union also wants new limits on temporary workers.

Persons: Shawn Fain, “, ” Fain, Fain, ”, Stellantis, ” Stellantis Organizations: United Auto Workers, UAW, Chrysler, “, Reuters, Stellantis, General Motors, Ford

☆ UAW calls Stellantis contract offer 'trash'
▼ + stars: | 2023-08-08 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

The logo of Stellantis is seen on a company's building in Velizy-Villacoublay near Paris, France, Feb. 23, 2022. REUTERS/Gonzalo Fuentes/File PhotoAug 8 (Reuters) - United Auto Workers (UAW) union President Shawn Fain angrily tossed contract proposals from Stellantis (STLAM.MI) in a trash can on Tuesday, citing numerous concessions that the Chrysler parent is seeking in labor talks. Stellantis said the cumulative increase in employee health-care costs over the next four years is expected to be $613 million. Fain cited an Aug. 1 statement Stellantis made to Reuters that the automaker is "not seeking a concessionary agreement." The union also wants new limits on temporary workers.

Persons: Gonzalo Fuentes, Shawn Fain, Fain, Stellantis, David Shepardson, Bernadette Baum, Marguerita Choy, Leslie Adler Organizations: REUTERS, United Auto Workers, UAW, Chrysler, Reuters, Stellantis, General Motors, Ford, U.S, Thomson Locations: Velizy, Villacoublay, Paris, France

☆ Former Ford CEO Mark Fields on UAW negotiations: They want to go back to 20th century benefits
▼ + stars: | 2023-08-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Ford CEO Mark Fields on UAW negotiations: They want to go back to 20th century benefitsMark Fields, former Ford Motor president and CEO, joins 'Squawk Box' to discuss the latest in contract negotiations between the UAW and the Big 3 automakers, what a potential strike would mean, and more.

Persons: Mark Fields Organizations: Former Ford, Ford Motor, UAW, Big

☆ GM vows to boost jobs next year despite EV shift
▼ + stars: | 2023-08-04 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

GM, Ford Motor (F.N) and Chrysler-parent Stellantis last month opened contract talks with the United Auto Workers (UAW) union ahead of the Sept. 14 expiration of the current four-year labor deals. GM manufacturing chief, Gerald Johnson, said on Friday he did not agree it would need fewer workers for EV production. Separately, CFRA Research on Friday downgraded GM on concerns about a possible strike after the UAW sought large pay and benefit hikes. The UAW wants new limits on temporary workers and for them to receive profit sharing. Sources said the union wants the companies to agree to the equivalent of a paid day-off per week, at a time of growing trials globally of a four-day working week.

Persons: Joe Biden, Jonathan Ernst, autoworkers, Gerald Johnson, Johnson, Ford, Stellantis, Shawn Fain, David Shepardson, Marguerita Choy Organizations: Hummer, Motors, REUTERS, General Motors, GM, Ford Motor, Chrysler, United Auto Workers, UAW, EV, Research, Company, U.S, Thomson Locations: Detroit , Michigan, U.S

☆ GM criticizes autoworkers union's contract demands
▼ + stars: | 2023-08-03 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. REUTERS/Rebecca CookWASHINGTON, Aug 3 (Reuters) - General Motors (GM) (GM.N) on Thursday said it expected to offer unionized workers higher wages, but granting the United Auto Workers' (UAW) ambitious contract demands including large pay rises would hurt its ability to make sound business decisions. Company and union sources told Reuters the UAW was seeking at least a 40% pay hike over the life of the four-year contract, including an initial 20% hike upon ratification. "We think it's important to protect U.S. manufacturing and jobs in an industry that is dominated by non-unionized competition," GM said. Fain on Tuesday said the union demands were its "most audacious and ambitious" proposals in decades.

Persons: Rebecca Cook WASHINGTON, Mary Barra, Shawn Fain, Fain, David Shepardson, Shivansh, Pooja Desai, Cynthia Osterman, Jamie Freed Organizations: General Motors, REUTERS, United Auto Workers ', UAW, Reuters, Detroit, Chrysler, Ford, GM, U.S, Thomson Locations: Detroit , Michigan, U.S, Washington, Bengaluru

☆ GM JV battery firm rejects including Ohio workers under national agreement
▼ + stars: | 2023-08-02 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

Ultium Cells LLC said on Wednesday it "does not see a viable legal or practical path to place Ultium Cells-Ohio into the General Motors National Agreement." Last week, a group of 28 senators including Senate Majority Leader Chuck Schumer urged GM, Chrysler-parent Stellantis (STLAM.MI) and Ford Motor (F.N) to recognize joint venture battery workers under national labor agreements before the current contracts expire on Sept. 14. If battery workers were covered under the national agreement, they would likely be eligible for better pay and benefits. Ultium said on Wednesday it "has provided a proposal for a fully comprehensive collective bargaining agreement, including substantial wages and benefits." In December, workers at the Ultium Cells Ohio plant overwhelmingly voted to join the UAW.

Persons: Rebecca Cook, Chuck Schumer, Ultium, Sherrod Brown, Mark Stewart, Shawn Fain, Fain, Mary Barra, David Shepardson, Chris Reese, Sonali Paul Organizations: General Motors, REUTERS, LG Energy, Democratic U.S, Ultium Cells, United Auto Workers, UAW, GM, Chrysler, Ford, Ohio, Reuters, Ultium Ohio, Thomson Locations: Detroit , Michigan, U.S, KS, Ohio, Ultium Cells Ohio, Ultium

☆ UAW seeks double-digit pay hikes in Detroit Three auto contract talks
▼ + stars: | 2023-08-01 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

Aug 1 (Reuters) - United Auto Workers (UAW) President Shawn Fain said on Tuesday the union was seeking ambitious benefit increases in contract talks with the Detroit Three automakers, including double-digit pay rises and defined-benefit pensions for all workers. Fain said the CEOs of the Detroit Three saw their pay rise by 40% on average over the last four years. He noted the Teamsters recently won an end to two-tiered wages in a new contract with UPS (UPS.N). We can't allow it any longer," Fain said of the demand for the same at the Detroit Three. GM said it would review the demands once they were received from the UAW on Wednesday.

Persons: Shawn Fain, Fain, Mary Barra, Stellantis, Ford, David Shepardson, Chris Reese, Jamie Freed Organizations: United Auto Workers, UAW, Detroit Three, Chrysler, General Motors, Ford, U.S, Facebook, Detroit, GM, Teamsters, UPS, Democratic, Thomson

☆ UAW wins Democratic senators' support for joint venture battery workers
▼ + stars: | 2023-07-28 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

WASHINGTON, July 28 (Reuters) - More than half of the Senate's Democrats are backing the United Auto Workers' push for higher wages and benefits for workers at Detroit Three automakers' joint venture battery plants, they said in a letter released on Friday. UAW leaders have sought to secure support from Washington as negotiations opened earlier this month, with UAW President Shawn Fain meeting with lawmakers and President Joe Biden last week. In their letter to the CEOs of the Detroit Three and battery joint ventures, Senate Majority Leader Chuck Schumer joined Senators Sherrod Brown, Ron Wyden, Bernie Sanders, Richard Durbin and others in urging the automakers to embrace the joint venture battery workers before the current contract expires. Stellantis said it respects the UAW's right to organize future hourly employees at its joint venture battery facilities, adding: " The joint venture intends to offer very competitive wages and benefits." Last month, the union chief criticized $9.2 billion federal loan to a Ford/South Korea's SK On joint venture.

Persons: Shawn Fain, Joe Biden, Chuck Schumer, Sherrod Brown, Ron Wyden, Bernie Sanders, Richard Durbin, Ford, Stellantis, Jim Farley, Bill Ford, Biden, Biden's, Fain, David Shepardson, Susan Heavey Organizations: United Auto Workers, Detroit, automakers, General Motors, Ford Motor, Chrysler, UAW, Workers, EVs, SK On, South Korea's SK Innovation, Reuters, Ford, Korea's SK, LG Energy, Thomson Locations: United States, Washington, South, KS, Ohio

☆ Ford’s EV losses climb but overall profits rise
▼ + stars: | 2023-07-27 | by ( Chris Isidore | ) edition.cnn.com time to read: +6 min

Automotive revenue rose 12% to $42.4 billion, $2 billion more than forecasts. And those losses are going to rise, at least in the short term. In response, other automakers, including Ford, have responded with EV price cuts of their own. The current contract between the UAW and the “Big Three” unionized US automakers — Ford, General Motors and Stellantis — expires on Sept. 14. “When it comes to building in America and partnering with UAW, Ford stands out from all the other automakers, and most other major industrial companies,” he said.

Persons: Ford, EVs, Tesla, Jim Farley, ”, Farley, “, John Lawler, —, Sean Fain, Fain, ” Fain Organizations: New, New York CNN, Refinitiv, Ford, Ford Blue, Ford Pro, United Auto Workers, UAW, — Ford, General Motors, SK, GM, EV, Blue Locations: New York, America, EVs, Korean, American

☆ UPS-Teamsters tentative agreement, explained
▼ + stars: | 2023-07-26 | by ( Chris Isidore | ) edition.cnn.com time to read: +7 min

But if the Teamsters vote yes, there are a number of clear winners. Teamsters members at UPSThe deal include many of the main bargaining goals sought by the union. He still has to worry about about a strike against one or more major automakers by the United Auto Workers union in September. But averting a Teamsters strike is one fewer thing for him to worry about. The last time the Teamsters members at UPS voted on a tentative deal, they voted it down.

Persons: Martin Luther King Jr, “, ”, Carl Morton, Joe Biden, Joe Biden’s, Still, Biden, He’s, Sean O’Brien, Satish Jindel, it’s, There’s, ” O’Brien, he’s Organizations: New, New York CNN, UPS, Teamsters, CNN, Anderson Economic Group, United Auto Workers, UAW, Tuesday, Labor Statistics, Labor Department, Hollywood, Teamsters Tuesday, FedEx Locations: New York, Philadelphia, Michigan

☆ A big clash is coming for Detroit's Big 3 automakers as their workers' union gears up for another round of contentious negotiations
▼ + stars: | 2023-07-26 | by ( Nora Naughton | ) www.businessinsider.com time to read: +5 min

The UAW is negotiating new four-year contracts with Ford, GM, and Stellantis. UAW President Shawn Fain isn't ruling out a strike, potentially at more than one company. The automotive industry's labor union, the United Auto Workers, is gearing up for a fight with Detroit's Big Three car companies this summer and fall. Fain has said he is not ruling out a strike in this round of talks, potentially at more than one company. The average labor costs for the Detroit Three heading into contract talks four years ago hovered between $55 and $60 per hour.

Persons: Shawn Fain isn't, Detroit's, Shawn Fain, He's, Fain, John Deere, Tesla Organizations: UAW, Ford, GM, Detroit, Morning, United Auto Workers, Chrysler, Jeep, Facebook, University of California, EV, Lordstown, Labor, Center for Automotive Research Locations: Tennessee

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