UAW says ‘more to be won’ despite record offers from automakers; declines to expand strikes

UAW says ‘more to be won’ despite record offers from automakers; declines to expand strikes


Striking United Auto Workers (UAW) members from the General Motors Lansing Delta Plant picket in Delta Township, Michigan September 29, 2023.

Rebecca Cook | Reuters

DETROIT – The United Auto Workers union believes there is “more to be won” in ongoing contract negotiations with the Detroit automakers following five weeks of labor strikes against the companies, UAW President Shawn Fain said Friday.

His comments come despite record contract offers from General Motors, Ford Motor and Stellantis that now include 23% hourly pay increases during the terms of the four and a half-year deal.

“There is more to be won,” Fain said during an online broadcast. “These are already record contracts, but they come at the end of decades of record decline. So it’s not enough to be the best ever, when auto workers have gone backwards over the last two decades. That’s a very low bar.”

Last week Fain said the union was initiating a “new phase” of strikes and contract negotiations. Still, the union has not announced any additional strikes since initiating an unexpected walkout on Oct. 11 at Ford’s Kentucky Truck Plant that produces highly profitable pickup trucks and SUVs.

The UAW hasn’t expanded strikes at GM since Sept. 29 or at Stellantis since Sept. 22.

The strike at Ford’s Kentucky plant — responsible for $25 billion in revenue annually — marked a major escalation in the UAW’s targeted, or “stand-up,” strikes. It also represents a shift in strategy, as Fain had previously publicly announced the targets before the work stoppages occurred.

The UAW has been gradually increasing the strikes since the work stoppages began after the sides failed to reach tentative agreements by Sept 14.

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.

This is breaking news. Please check back for additional updates.



Source

How the ‘K-shaped’ economy is showing up at two big U.S. gyms
Business

How the ‘K-shaped’ economy is showing up at two big U.S. gyms

Two of the largest U.S. gym operators delivered the same headline in their latest earnings reports: strong growth. But beneath the surface, Life Time Group Holdings and Planet Fitness told very different stories about the American consumer. They highlighted a widening divide between higher-income households that continue to spend freely and more price-sensitive consumers who […]

Read More
NASA is sending its first Black and first female astronauts to the moon
Business

NASA is sending its first Black and first female astronauts to the moon

NASA is preparing to launch a mission to the moon — and it’s making history for more reasons than one. The space agency’s Artemis II launch marks the U.S.’s first journey back to the moon in more than 50 years. It will also carry the first Black astronaut and the first female astronaut to travel […]

Read More
WBD employees fear coming wave of job losses as Paramount tops Netflix’s bid to acquire company
Business

WBD employees fear coming wave of job losses as Paramount tops Netflix’s bid to acquire company

The Warner Bros. Discovery board may have enriched its shareholders Thursday when it chose Paramount Skydance‘s acquisition offer over Netflix‘s, but it also terrified a lot of its employees. While some of those people own WBD shares and may prefer the financials of Paramount’s $31-per-share bid to Netflix’s $27.75-per-share offer, CNBC spoke to 10 WBD […]

Read More