UAW will not expand strikes at Detroit automakers after last-minute GM proposal
Publishing timestamp: 2023-10-06 16:00:11
Summary
The United Auto Workers (UAW) will not expand strikes against Detroit automakers this week as progress is being made in negotiations. General Motors has agreed to include battery cell workers under the company's national agreement, which is seen as a transformative win for the union. The UAW has been gradually increasing strikes since September 15, but this is the first week they will not expand work stoppages. Electric vehicle battery plants have been a major point of contention in the negotiations, with the UAW wanting to protect its members as the industry shifts to electric vehicles. Ford and Stellantis are now under pressure to follow GM's agreement. Progress has been made in contract negotiations, with Ford offering a 23% raise, while GM and Stellantis are at around 20%. However, there are still gaps that need to be closed. Currently, only 17% of UAW members covered by expired contracts are on strike.
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Tickers: F, STLAM-IT, GM, STLA,
Keywords: detroit, breaking news: business, autos, mark stewart, general motors co, stellantis nv, ford motor co, transportation, malibu, business, personnel, united states, labor economy, business news,
Source: https://www.cnbc.com/2023/10/06/uaw-will-not-expand-strikes-this-week-at-gm-ford-stellantis-.html