odanny
Diamond Member
Some of their demands are crazy, no way will they restore pensions and healthcare for retirees, that ship has sailed. I'm not sure that they will get them to end the two-tier wages, as every company does this now. I wish them luck.
DETROIT (Reuters) -The United Auto Workers union launched simultaneous strikes at three factories owned by General Motors, Ford and Chrysler parent Stellantis early on Friday, kicking off the most ambitious U.S. industrial labor action in decades.
The walkouts at the "Detroit Three" will halt production of the Ford Bronco, Jeep Wrangler and Chevrolet Colorado pickup truck, along with other popular models. UAW President Shawn Fain said the union will hold off for now on more costly company-wide strikes, but said all options are open if new contracts are not agreed.
Fain laid out plans for the unprecedented, simultaneous walkouts in a Facebook Live address less than two hours before the expiration of the old contract.
The walkouts capped weeks of clashes between Fain and Detroit Three executives over union demands for a bigger share of profits generated by combustion trucks, and stronger job security as automakers shift to electric vehicles.
"For the first time in our history we will strike all three of the Big Three," Fain said.
The strikes involving a combined 12,700 workers will take place at assembly plants operated by Ford in Wayne, Michigan, GM in Wentzville, Missouri and Stellantis' Jeep brand in Toledo, Ohio. They are critical to the production of some of the Detroit Three's most profitable vehicles.
Fain's decision to go with targeted walkouts could limit the cost to the union of strike pay. The UAW has a strike fund of $825 million, which pales in comparisons to billions in liquidity the automakers have built up thanks to robust profits from the trucks and SUVs UAW members build.
Stellantis has more than 90 days worth of Jeeps in stock, and has been building SUVs and trucks on overtime, according to Cox Automotive data.
But a week-long shutdown at Stellantis' Jeep plant in Toledo could cut revenue by more than $380 million, based on data from the company's financial reports.
"This is more of a symbolic strike than an actual damaging one," said Sam Fiorani, a production forecaster at Auto Forecast Solutions, who added that he had expected more in the first wave of the strike.
"If the negotiations don't go in a direction that Fain thinks is positive, we can fully expect a larger strike coming in a week or two," he said.
Fiorani estimated the limited action would stop production of about 24,000 vehicles a week. And while it targets some key brands, like the Bronco, buyers would be willing to wait, for now.
Edited to fall within compliance of the copyright rules-meister
DETROIT (Reuters) -The United Auto Workers union launched simultaneous strikes at three factories owned by General Motors, Ford and Chrysler parent Stellantis early on Friday, kicking off the most ambitious U.S. industrial labor action in decades.
The walkouts at the "Detroit Three" will halt production of the Ford Bronco, Jeep Wrangler and Chevrolet Colorado pickup truck, along with other popular models. UAW President Shawn Fain said the union will hold off for now on more costly company-wide strikes, but said all options are open if new contracts are not agreed.
Fain laid out plans for the unprecedented, simultaneous walkouts in a Facebook Live address less than two hours before the expiration of the old contract.
The walkouts capped weeks of clashes between Fain and Detroit Three executives over union demands for a bigger share of profits generated by combustion trucks, and stronger job security as automakers shift to electric vehicles.
"For the first time in our history we will strike all three of the Big Three," Fain said.
The strikes involving a combined 12,700 workers will take place at assembly plants operated by Ford in Wayne, Michigan, GM in Wentzville, Missouri and Stellantis' Jeep brand in Toledo, Ohio. They are critical to the production of some of the Detroit Three's most profitable vehicles.
Fain's decision to go with targeted walkouts could limit the cost to the union of strike pay. The UAW has a strike fund of $825 million, which pales in comparisons to billions in liquidity the automakers have built up thanks to robust profits from the trucks and SUVs UAW members build.
Stellantis has more than 90 days worth of Jeeps in stock, and has been building SUVs and trucks on overtime, according to Cox Automotive data.
But a week-long shutdown at Stellantis' Jeep plant in Toledo could cut revenue by more than $380 million, based on data from the company's financial reports.
"This is more of a symbolic strike than an actual damaging one," said Sam Fiorani, a production forecaster at Auto Forecast Solutions, who added that he had expected more in the first wave of the strike.
"If the negotiations don't go in a direction that Fain thinks is positive, we can fully expect a larger strike coming in a week or two," he said.
Fiorani estimated the limited action would stop production of about 24,000 vehicles a week. And while it targets some key brands, like the Bronco, buyers would be willing to wait, for now.
Edited to fall within compliance of the copyright rules-meister
UAW, automakers to resume talks as strike starts to create parts shortage
DETROIT (Reuters) -The United Auto Workers said it plans to resume bargaining on Saturday after launching its first simultaneous strikes at General Motors, Ford Motor and Chrysler parent Stellantis, with effects of the limited shutdown starting to spread on Friday. The most ambitious U.S...
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