UAW strike spreads to more GM, Stellantis facilities, Ford spared amid progress in talks

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ERShares CEO Joel Shulman discusses the current state of the markets and the ongoing UAW strikes.

The United Auto Workers (UAW) union on Friday broadened its strike against General Motors and Stellantis citing a lack of progress in negotiations, although the union spared Ford from new strike activity after the two sides agreed on some provisions in their talks.

UAW President Shawn Fain said that union members will go on strike at all the parts distribution facilities for GM and Stellantis – the parent company of brands like Chrysler, Dodge, Jeep and Ram. The new strike activity covers 38 locations across 20 states in all nine of the UAW’s regions and will affect approximately 5,600 union members, which brings the number of UAW workers on strike to roughly 18,600.

«Both GM and Stellantis have rejected our profit-sharing proposals and both companies have rejected our proposals to convert temps. So today at noon Eastern time, all of the parts distribution centers at General Motors and Stellantis are being called to stand up and strike,» Fain said. The union is seeking pay raises amounting to 40% over a new four-year contract in addition to expanded benefits and other provisions, while the automakers’ pay offers have been closer to 20% with an immediate 10% increase.

UAW STRIKE AGAINST DETROIT BIG THREE AUTOMAKERS COULD EXPAND

UAW President Shawn Fain announced Friday that the union's strike will broaden to 38 facilities belonging to GM and Stellantis across 20 states. (Jeff Kowalsky/Bloomberg via Getty Images / Getty Images)

The UAW is running what it calls a «stand up strike» in which some of the union’s locals are asked to go on strike incrementally as the union sees fit to ratchet up the leverage on the auto