UAW workers overwhelmingly vote to authorize strikes at GM, Ford, Stellantis
Publishing timestamp: 2023-08-25 12:29:22
Summary
UAW members have granted union leaders authorization to call strikes during contract negotiations with GM, Ford, and Stellantis. The vote does not guarantee a strike, but it is seen as a procedural step. The union's demands include wage increases, pension restoration, and reduced work hours. Strikes could have a significant impact on the automakers' production and earnings.
Sentiment: MIXED
Tickers: F, GM, STLA, STLAM-IT,
Keywords: business news, ford motor co, business, labor economy, personnel, stellantis nv, breaking news: business, autos, transportation, detroit, general motors co,
Source: https://www.cnbc.com/2023/08/25/uaw-strike-vote-to-authorize.html