DETROIT – The United Auto Workers' 40-day strike againstGeneral Motorswill cost the company about $3.8 billion to $4 billion for the year and $1 billion for the third quarter, the automaker said Tuesday, much higher than some Wall Street analysts had estimated. The strike ...
Chapters: 00:00 - Introduction: Why Tesla is at the center of the UAW strikes 1:47 - Chapter 1: Why strike? 3:06 - Chapter 2: Why is Tesla winning? 5:44 - Chapter 3: Tesla’s (non-union) history 8:01 - Chapter 4: So what will happen?
The UAW strike caused an estimated $4.2 billion in losses to the Big 3 and resulted in $488 million in lost wages for workers. The work stoppage also rippled and caused layoffs at auto supplier companies. But the dispute also led to breakthroughs, with GM earlier this month agreeing to ...
"The tentative agreements make UAW workers among the best-paid, most benefit-supported manufacturing workers in the world. While these agreements are good news, they do come at a substantial cost. "In addition to the $10 billion economic hit this prolonged strike cost our economy – including ...
The union could pick more plants to strike in the coming days, and it all depends on progress — or lack of it — at the bargaining table, the UAW president says. “If the companies continue to bargain in bad faith or continue to stall or continue to give us insulting offers, t...
During the last round of bargaining in 2019, negotiations between the Detroit automakers and UAW included a national 40-day strike againstGeneral Motors. The automaker said the strike cost it about$3.8 billion to $4 billionfor 2019. Presidential election ...
UAW Region 4 Director Brandon Campbell. Sunday afternoon United Auto Workers [UAW] Local 2250 in Wentzville, Missouri held a rally in support of theirstand up strikeagainst the General Motors plant. While pickets manned the plant gates approximately 500 workers and their supporters attended the rall...
• Provide cost-of-living adjustments calculated every quarter, added to every hour earned and included in weekly paychecks • Invest billions in the U.S. to provide job security • Contribute additional $1 billion in retirement funding ...
Less than an hour after news of the deal was announced, UAW announced it was expanding its GM strike to the Spring Hill, Tennessee, plant, which employs nearly 4,000 workers, which manufactures Cadillac and GMC SUVs, a move likely designed to put pressure on GM to reach its own deal. ...
The UAW's strike against theBig Threeautomakers, GM Ford (F), and Stellantis (STLA), started on Sept. 15 and is entering its sixth week with more than 45,000 workers on strike. The UAW strike could have already cost an estimated $9.3 billion in economic losses for the auto industry,...