UAW leadership faces historic upheaval ahead of union negotiations with Detroit automakers
Publishing timestamp: 2023-02-28 12:41:28
Summary
The United Auto Workers union is undergoing its largest leadership upheaval in decades following a federal investigation that uncovered systemic corruption. Runoff elections for three leaders, including the union's president, are taking place through Tuesday, followed by vote tabulations beginning Wednesday. The new board will lead negotiations with General Motors, Ford Motor, and Stellantis starting this summer. The negotiations are expected to be highly contentious and important, and Wall Street is already concerned about the potential for double-digit increases in labor costs. The union is pushing for better benefits and wages, while the automakers are pushing for more flexible benefits and to avoid a prolonged strike.
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Keywords: corruption, transportation, business news, breaking news: business, general motors co, autos, detroit, ford motor co, business, stellantis nv,
Source: https://www.cnbc.com/2023/02/28/uaw-presidential-runoff.html