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  • Ford and UAW reach deal

    Ford and UAW reach deal
    2023/10/27
    The United Auto Workers (UAW) union reached a tentative labor deal on Wednesday with Ford Motor, the first of Detroit's Big Three car manufacturers to negotiate a settlement to strikes joined by 45,000 workers since mid-September.
    The proposed accord, which UAW's leadership must still approve, provides a 25% wage hike over the 4-1/2-year contract, starting with an initial increase of 11%.
    The Ford deal, which could help create a template for settlements of parallel UAW strikes against General Motors (GM.N) and Chrysler parent Stellantis (STLAM.MI), would amount to total pay hikes of more than 33% when compounding and cost-of-living mechanisms are factored in, the UAW said.
    Here is a summary of the key news and events from the past 24 hours regarding the UAW strike:
    UAW President Shawn Fain said that the union has received new offers from Stellantis and General Motors, but that there is still more work to be done. Fain did not announce any new strike expansions on Friday, but he said that the union is prepared to strike for as long as it takes to reach a fair agreement.
    General Motors said that it is "disappointed" by the strike, but that it is committed to reaching an agreement with the union as quickly as possible. The company said that it has offered "an unprecedented economic package" to its workers, including a 23% wage increase and manufacturing commitments.
    The strike is ongoing, and it is unclear when it will end. The union and automakers are scheduled to resume negotiations on Saturday, October 28.
    In addition to the above, here are some other news and events from the past 24 hours regarding the UAW strike:
    The strike is having a significant impact on the auto industry. General Motors, Ford, and Stellantis have all shut down some or all of their production facilities. The strike is also impacting suppliers and other businesses that rely on the auto industry.
    The strike is also having a significant impact on workers. Many autoworkers are losing wages and benefits due to the strike.
    The strike is also having a significant impact on the economy. The strike is costing the auto industry billions of dollars, and it is also impacting other businesses and industries.
    The UAW strike is a major event in the United States. It is having a significant impact on the auto industry, workers, and the economy. It is unclear when the strike will end, but it is likely to have a lasting impact.
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    2 分
  • UAW Strike news update for 10-24-2023

    UAW Strike news update for 10-24-2023
    2023/10/24
    This is the UAW strike podcast and this is your update for 10-24-2023.
    The UAW strike against Ford, General Motors, and Stellantis entered its 38th day and The union is seeking better wages, benefits, and job security for its members.
    On October 20, the UAW president, Shawn Fain, said that there had been "serious movement" in negotiations with all three automakers. However, he also said that there was still "more to be won."
    On October 21, Ford, GM, and Stellantis all offered the UAW a 23% wage increase over four years, as well as an end to the tier wage system. However, the union has not yet accepted these offers, saying that they do not go far enough on other issues, such as job security and benefits.
    The strike is having a significant impact on the auto industry. The Big Three have already laid off thousands of workers due to the strike, and production of new vehicles has been halted. The strike is also costing the automakers billions of dollars in lost revenue.
    It is unclear how long the strike will last. Both sides have said that they are committed to reaching an agreement, but they remain far apart on some key issues.
    Latest update:
    On October 24, the UAW announced that it had reached a tentative agreement with Stellantis. The agreement includes a 23% wage increase over four years, an end to the tier wage system, and other improvements to wages, benefits, and job security. The agreement must still be ratified by UAW members, but it is a positive sign that the strike may be nearing an end.
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    2 分
  • UAW Strike update for 10-23-2023 - Momentum and Developments

    UAW Strike update for 10-23-2023 - Momentum and Developments
    2023/10/23
    This is the UAW Strike podcast, and this is your update for October 20, 2023.
    the UAW strike has seen several developments, particularly in negotiations between the union and the automakers (Ford, GM, and Stellantis). Here's a detailed breakdown of the events and updates surrounding the UAW Strike:
    1. Negotiation Progress:
      • UAW leader Shawn Fain mentioned "serious movement" toward a deal with Stellantis and GM, although he emphasized that more could be achieved. Fain criticized Bill Ford for his comments earlier in the week and elucidated why UAW isn’t merely accepting the “record deal” in contract talks​.
      • On a separate occasion, Fain reiterated that while wage and benefit offers had been increased, he believed the union could gain more with continued negotiations. He didn't announce any more factories joining the strike but warned that the expansion of strikes could be announced anytime, depending on negotiation progress​.
    2. Companies' Offers:
      • All three companies offered a pay increase of 23% over four and a half years. Other offers included elimination of wage tiers, wage progression, cost of living adjustments, enhanced profit sharing, conversion of temporary workers to full time, job security provisions, work-life balance improvements, and retirement benefits. However, there were variations in offers among the three companies, such as differences in wage progression periods and profit-sharing eligibility for temporary employees​.
    3. UAW Demands:
      • The UAW demands included significant double-digit pay raises, elimination of all wage tiers, a 90-day progression to top rate, cost of living adjustments, enhanced profit-sharing formula, conversion of temporary employees to full time, job security, improved work-life balance, and retirement security for all members.
    4. Strike Expansion and Strategy:
      • As of October 20, about 34,000 of the union’s 146,000 auto workers were on strike at 44 facilities across the U.S. There was a mention of a shift in strike strategy to make walkout plans more financially burdening for the companies​.
    5. Impact:
      • The strike had significant impacts such as layoffs among manufacturers, with Ford laying off 150 workers in Sterling Heights as of October 19​.
    6. Public Address:
      • Shawn Fain was expected to give an update on the strike during a Facebook Live event on October 20, although the details of this update were not provided.
    The situation portrays an ongoing tug of war between the UAW and the automakers, with negotiations seeing some progress, but the UAW pushing for more favorable terms.
    Thank you for listening and be sure to check out these other great podcasts.The Google on Trial podcast and the SBF on Trial podcast. Both keep you up to date on these important trials.Be sure to subscribe and never miss an update.
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    3 分
  • UAW Strike update for 10-16-2023 - 45,000 workers idle

    UAW Strike update for 10-16-2023 - 45,000 workers idle
    2023/10/16
    This is your UAW strike podcast, and this is the update for 10-16-2023.
    In today’s segment, we delve into the ongoing saga of the UAW strike against major automakers. Here’s a summary of the significant occurrences from the past three days.
    October 13 marked the expansion of the United Auto Workers strike against General Motors and Stellantis, extending to additional plants across Missouri, Ohio, and Michigan. As we step into the fifth week of the strike, over 45,000 workers remain idled. The core of the dispute revolves around demands for improved wages, benefits, and job security from the union, while the automakers seek concessions to counterbalance the rising costs associated with electric vehicles and other technological advancements.
    On October 14, President Joe Biden voiced his support for the striking workers, encouraging both factions to forge a "fair and equitable" resolution. The day saw the UAW orchestrating a rally in Detroit, amplifying the call for a better deal from the automakers. A notable concession emerged from General Motors, who agreed to establish electric vehicle battery plants under a UAW contract. However, the union deemed the offer insufficient, vowing to continue the strike.
    The narrative shifted slightly on October 15, with the UAW declaring a pause on further strike expansions following GM’s concession. The union acknowledged "significant progress" in the discussions with GM and Stellantis, albeit with more ground to cover. Meanwhile, Ford, untouched by the strike thus far, announced its readiness to negotiate with the UAW upon the expiration of its contract in December.

    The ongoing UAW strike, now stretching into its fifth week, casts a long shadow over the auto industry. The production cutbacks and idled plants at GM and Stellantis are bleeding millions daily from the companies’ coffers. The union, despite facing financial strains, remains steadfast in securing a favorable deal for its members, against the backdrop of soaring living costs and robust profits reported by the automakers.
    The road to resolution remains shrouded in uncertainty, with substantial pressure mounted on both camps to arrive at a compromise. The Biden administration continues to play a close hand in the negotiations, urging a fair deal to assuage all parties involved.
    That wraps up the major unfolds and events from October 13 to 16 concerning the UAW strike.
    Please subscribe and never miss a UAW update.
    If you like this podcast check out the Google on Trial on SBF on trial podcast.
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    3 分
  • UAW Strike update for 10-11-2023 - Progress is being made

    UAW Strike update for 10-11-2023 - Progress is being made
    2023/10/11
    UAW Strike Update: October 11, 2023The UAW strike against the Detroit automakers is now in its third week, with no end in sight. The union is striking for better wages, benefits, and working conditions. The automakers have offered some concessions, but the union says they are not enough.News from the Past 24 Hours
    • On October 10, 2023, the UAW announced that it would not expand its strikes against GM, Ford, and Stellantis. The union said that it was making progress in negotiations, but that there were still significant gaps between the two sides.
    • On October 11, 2023, GM announced that it was laying off 2,100 workers at five plants in four states. The layoffs were due to the strike, which has disrupted GM's production.
    • Ford and Stellantis have also announced layoffs due to the strike. Ford has laid off 930 workers, and Stellantis has laid off 370 workers.
    • The strike is having a significant impact on the auto industry. GM, Ford, and Stellantis have all lost billions of dollars in revenue due to the strike. The strike is also impacting suppliers and other businesses in the auto industry.
    Impact of the StrikeThe UAW strike is having a significant impact on the auto industry and the workers involved. The automakers are losing billions of dollars in revenue, and the workers are losing pay and benefits. The strike is also impacting suppliers and other businesses in the auto industry.It is unclear when the strike will end. The UAW and the automakers are continuing to negotiate, but there is no sign of a breakthrough. The strike is likely to continue until the two sides can reach an agreement.
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    2 分
  • UAW Strike evening update for 10-10-2023 - Positive Developments

    UAW Strike evening update for 10-10-2023 - Positive Developments
    2023/10/11
    On October 10, 2023, the United Auto Workers (UAW) strike against the Detroit Three automakers entered its fourth week. However, there were some positive developments in the negotiations that day.
    • GM and Unifor reach tentative agreement in Canada, ending strike. GM and Unifor, the Canadian autoworkers union, reached a tentative agreement on October 7, ending a 10-day strike at three GM plants in Canada. The deal was ratified by Unifor members on October 10.
    • UAW President Shawn Fain says GM has made "major breakthrough" in US negotiations. Fain said that GM has agreed to allow workers at joint-venture battery plants to be covered by union contracts. This was a key demand for the UAW, as it would ensure that union workers would be able to build the electric vehicles that are becoming increasingly important to GM's future.
    • UAW decides not to expand strike to Arlington Assembly Plant. Fain said that the UAW decided not to expand the strike to its largest plant in the United States, the Arlington Assembly Plant in Texas, because of the progress that had been made in negotiations with GM. The Arlington plant produces the Chevrolet Silverado and GMC Sierra pickup trucks, which are among GM's most popular and profitable vehicles.
    The UAW strike against the Detroit Three automakers began on September 15, 2023. The union is seeking a new contract that includes higher wages, better benefits, and greater job security. The strike has had a significant impact on the auto industry, as it has disrupted production at many plants and caused shortages of vehicles in dealerships.The progress that was made in the negotiations on October 10 is a positive sign, but it remains to be seen whether the UAW and the Detroit Three automakers will be able to reach an agreement that satisfies both sides. The strike is now in its fourth week, and it is unclear how long it will last.
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    2 分
  • UAW Strike update for 10-10-2023 - GM makes major concession

    UAW Strike update for 10-10-2023 - GM makes major concession
    2023/10/10
    This is the UAW strike podcast.
    Headlines and major news coming out of the UAW Strike for the past 24 hours:
    UAW strike enters its third week, with no end in sight.
    GM makes major concession on battery cell workers, union says.
    UAW holds off on expanding strike after GM's move.
    4,000 Mack Trucks workers join UAW strike.
    President Biden weighs in on strike, urges both sides to reach agreement.
    Top stories from the UAW strike:
    GM makes major concession on battery cell workers: In a major breakthrough in negotiations, GM has agreed to include battery cell workers under its national labor agreement with the UAW. This is a key demand for the union, which has been concerned about the future of auto jobs as the industry shifts to electric vehicles.
    UAW holds off on expanding strike after GM's move: The UAW had been planning to expand its strike to additional GM plants, but has decided to hold off after the company's concession on battery cell workers. Union President Shawn Fain said the union is making progress in negotiations and is hopeful of reaching a tentative agreement soon.
    4,000 Mack Trucks workers join UAW strike: Nearly 4,000 workers at heavy truck manufacturer Mack Trucks have joined the UAW strike. The union says workers voted down a tentative agreement with the company because it did not meet their demands for better wages and benefits.
    President Biden weighs in on strike, urges both sides to reach agreement: President Biden has weighed in on the UAW strike, urging both sides to reach an agreement that is fair to both workers and the company. He said the strike is having a negative impact on the economy and that it is important to get workers back on the job.

    The UAW strike is the largest labor strike in the United States in years. It is also a test of the Biden administration's commitment to supporting unions and workers. The administration has so far been supportive of the union, but it is unclear how long the strike can last before the administration intervenes.
    The strike is also having a significant impact on the auto industry. GM, Ford, and Stellantis are all losing billions of dollars in revenue each week. The strike is also delaying the production of new vehicles, which could lead to shortages and higher prices for consumers.
    It is unclear when the strike will end. Both sides are still far apart on key issues, such as wages and benefits. However, the recent breakthrough on battery cell workers suggests that progress is being made and that an agreement could be reached in the coming days or weeks.
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    3 分
  • UAW Strike update for 10-09-2023 - Lay offs continue

    UAW Strike update for 10-09-2023 - Lay offs continue
    2023/10/09
    The UAW strike against General Motors, Ford, and Stellantis is now in its fourth week, and there is no end in sight. The union is demanding higher wages, better benefits, and an end to the two-tier wage system. The automakers have offered concessions, but the union says they are not enough.
    In the past 72 hours, there have been a number of major developments in the strike:
    GM has agreed to put its electric vehicle battery plants under the UAW national contract. This is a major win for the union, as it will give UAW members a greater say in the future of the electric vehicle industry.
    Ford has laid off another 400 workers in Michigan due to the strike. This brings the total number of Ford workers laid off due to the strike to over 1,300.
    Stellantis has also laid off workers due to the strike. The number of Stellantis workers laid off is not yet known.
    The UAW has held a number of rallies and protests in support of the striking workers. On Friday, UAW President Shawn Fain addressed a crowd of strikers at a rally in Detroit. Fain said that the union is "not backing down" and that the strike will continue until the union's demands are met.
    The UAW strike is having a significant impact on the auto industry. GM, Ford, and Stellantis have all been forced to cut production and lay off workers. The strike is also costing the automakers billions of dollars in lost revenue.
    The impact of the strike is also being felt by consumers. Car dealerships are running low on inventory, and prices for new and used cars are rising.
    It is unclear how long the UAW strike will last. Both sides are dug in, and there seems to be no easy resolution. However, the strike is having a significant impact on the auto industry and consumers alike.
    Stay tuned for more updates on the UAW strike later today.
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    2 分