The Benchmark Firm senior analyst Mike Ward discusses a possible United Auto Employees union strike on ‘The Claman Countdown.’
President Biden informed reporters on Monday he doesn’t assume staff at Ford, Normal Motors and Stellantis will go on strike if a brand new contract settlement isn’t reached by the Sept. 14 deadline.
“I am not fearful a couple of strike, I do not assume it’ll occur,” Biden stated in Philadelphia forward of a speech for the U.S. Labor Day vacation.
Final month, the United Auto Employees Union (UAW) voted to halt manufacturing with “close to common approval” from its 150,000 members on the three automakers if a brand new four-year deal doesn’t eradicate tiered wages and advantages, with wage will increase to offset inflation and match the wage will increase of firm executives during the last 4 years.
UAW calls for additionally embrace the re-establishment of cost-of-living allowances, outlined profit pensions and retiree healthcare, the appropriate to strike over plant closures, vital will increase to present retiree advantages and extra paid break day to be with household.
UNITED AUTO WORKERS UNION PREPARES STRIKE AUTHORIZATION VOTE FOR NEXT WEEK AT DETROIT AUTOMAKERS
President Biden speaks to members of the media earlier than boarding Marine One on the South Garden of the White Home in Washington, D.C., on Saturday, Sept. 2, 2023. (Photographer: Ting Shen/Bloomberg by way of Getty Pictures / Getty Pictures)
“Our union’s membership is clearly fed up with dwelling paycheck-to-paycheck whereas the company elite and billionaire class proceed to make out like bandits,” UAW President Shawn Fain stated in an announcement. “The Large Three have been breaking the financial institution whereas we’ve been breaking our backs.”
UNITED AUTO WORKERS’ CONTRACT TALKS WITH DETROIT AUTOMAKERS HEAT UP AS STRIKE THREAT LOOMS
United Car Employees (UAW) President Shawn Fain speaks as UAW members and their supporters collect for Solidarity Sunday on the UAW Area 1 workplace in Warren, Michigan, on Aug. 20, 2023. The rally takes place simply 25 days earlier than the union’s contr (Photograph by JEFF KOWALSKY/AFP by way of Getty Pictures)
“Our members’ expectations are excessive as a result of Large Three earnings are so excessive. The Large Three made a mixed $21 billion in earnings in simply the primary six months of this yr. That’s on prime of the quarter-trillion {dollars} in North American earnings they made during the last decade,” Fain added. “Whereas Large Three executives and shareholders received wealthy, UAW members received left behind. Our message to the Large Three is straightforward: document earnings imply document contracts.”
UAW strike, Diesel vehicles, Transgender insurance policies
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The UAW says the strike authorization vote at Normal Motors handed at 96%, at Stellantis it handed by 95%, and at Ford, it was 98% for hourly represented staff and 99% for salaried represented staff.
FOX Enterprise’ Greg Norman and Reuters contributed to this report.
