UAW members go on strike at three key auto plants after deal deadline passes
Publishing timestamp: 2023-09-15 16:16:24
Summary
Thousands of United Auto Workers members have gone on strike at three major U.S. assembly plants of General Motors, Ford Motor, and Stellantis after failing to reach a deal on a new labor contract. The strike involves highly profitable plants and is part of a targeted strike plan by the union. The demands of the union include wage increases, reduced workweek, traditional pensions, and other benefits. The automakers have made proposals, but the union finds them inadequate.
Sentiment: MIXED
Tickers: F, STLA, GM, STLAM-IT,
Keywords: stellantis nv, ford motor co, labor economy, u.s. economy, mary barra, personnel, detroit, general motors co, autos, business news, business, transportation, breaking news: business, joe biden, united states,
Source: https://www.cnbc.com/2023/09/14/uaw-strikes-ford-gm-stellantis.html