View full page at metalsmine.com

 

UAW, White House, automakers at odds as strike threat looms

From axios.com

The White House, the Detroit Three automakers and the United Auto Workers are at odds over the state of contract negotiations — with the serious prospect of a debilitating strike looming. Why it matters: With eight days to go before the expiration of UAW deals with General Motors, Ford and Stellantis, insiders are expecting a strike that could affect one, two or all three automakers. Collectively they have about 150,000 UAW-represented workers. Driving the news: GM delivered a new offer to the UAW on Thursday, including 10% pay hikes for permanent employees, bigger increases for temp workers, $5,500 ratification ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis