Automakers grow frustrated over pace of UAW negotiations as new strike deadline looms
Publishing timestamp: 2023-09-29 07:56:26
Summary
Tensions are escalating between Detroit automakers and the United Auto Workers (UAW) as the union threatens to expand plant strikes. Frustrations remain around economic demands and the perceived lack of urgency from the union. GM and Stellantis are frustrated by the lack of participation from UAW President Shawn Fain and delays in receiving counterproposals. The UAW is expected to announce additional strike targets unless there is substantial progress in negotiations. Concerns about the pace of talks and incidents of confrontations and vandalism have added to the tensions.
Sentiment: NEGATIVE
Tickers: GM, STLA, STLAM-IT, F,
Keywords: business, ford motor co, general motors co, personnel, business news, detroit, mary barra, labor economy, stellantis nv,