Energy Investing - US auto workers threaten to 'amp up' historic strike if wage offers do not improve - Energy Investing - InvestorVillage


This is a semi-private group. You are free to browse messages, but you must be a member of this group to post messages. Join This Group

Group: Energy Investing   /  Message Board  /  Read Message

 
 






Keyword
Subject
Between
and
Rec'd By
Authored By
Minimum Recs
  
Previous Message  Next Message    Post Message    Post a Reply return to message boardtop of board
Msg  521177 of 550980  at  9/18/2023 7:36:16 PM  by

Bearcatbob


US auto workers threaten to 'amp up' historic strike if wage offers do not improve

 
 

Stellantis, one of the three, had offered its workers what it called a "highly competitive" wage increase of 21 percent over four years, but UAW President Shawn Fain called that "definitely a no-go."

"If we don't get better offers and... take care of the members' needs, we're going to amp this up even more," Fain told CBS News talk show "Face the Nation," saying General Motors, Ford and Stellantis have "no excuse" for not resolving salary disputes given their massive profits of recent years.

"We're prepared to do whatever we have to do. The membership is ready, the membership is fed up."



The UAW is demanding improved conditions across the board for its workers, including a 40 percent pay raise over the next four-year contract. All three companies have been offering raises of around 20 perc

 
 

IMO this strike is a watershed moment in the inflation challenge. Fain is clearly a radical who has positioned himself in a no compromise position. UAW costs are what they already are - I will never buy a Big3 car again. I don’t care who wins.


The situation is in many ways delicious with unsold inventories high. If I was king I would tell the UAW to strike until hell freezes over.


LOL - the administration is supposedly the most pro-union ever - but vulnerable to inflation.


Karma is a bitch.


Watching but not really caring.


Hot gold?

 


     e-mail to a friend      printer-friendly     add to library      
|  
Recs: 7  
   Views: 0 []
Previous Message  Next Message    Post Message    Post a Reply return to message boardtop of board

Replies
Msg # Subject Author Recs Date Posted
521191 Re: US auto workers threaten to 'amp up' historic strike if wage offers do not improve Naamkat 1 9/18/2023 10:06:28 PM




Financial Market Data provided by
.
Loading...