UAW expands strike to Stellantis pickup truck plant in Michigan
Publishing timestamp: 2023-10-23 13:50:08
Summary
The United Auto Workers union is expanding its strike to include the Stellantis plant in Michigan that produces Ram 1500 full-size pickup trucks. The strike includes approximately 6,800 workers at the Sterling Heights Assembly Plant. The union claims that Stellantis has the worst proposal on the table regarding wages, temporary worker pay, cost-of-living adjustments, and more. This marks the first escalation in the union's strike in nearly two weeks and the first new work stoppage at Stellantis in over a month. Stellantis is better positioned to wait out the strike compared to its competitors, as it has a relatively healthy supply of Ram pickups. The union hopes that the strike will pressure the company to improve its offer.
Sentiment: NEUTRAL
Tickers: STLA, GM, STLAM-IT, F,
Keywords: autos, ford motor co, united auto workers, stellantis nv, strikes, breaking news: business, personnel, labor unions, general motors co, business news, transportation, business, detroit, united states, labor economy,
Source: https://www.cnbc.com/2023/10/23/uaw-expands-strike-to-stellantis-pickup-truck-plant-in-michigan.html