UAW strikes to expand on Friday at Ford, GM assembly plants; Stellantis spared
Investing.com — The United Auto Workers union will expand strikes at plants owned by Ford Motor Company (NYSE:F) and General Motors Company (NYSE:GM) on Friday as the United Auto Workers says not enough progress has been made in labor contract negotiations.
The additional strikes will be at assembly plants where Ford and GM make SUVs and crossover vehicles. Stellantis NV (NYSE:STLA), the target of last week's strike expansion by the UAW along with GM, was spared in this round.
UAW President Shawn Fain said in a live video broadcast this morning that «Stellantis made significant progress on the 2009 cost of living allowance, the right not to cross a picket line, as well as the right to strike over product commitments and plant closures and outsourcing moratoriums.”
General Motors said it still hasn't „received a comprehensive counteroffer from UAW leadership to our latest proposal made on September 21. Calling more strikes is just for the headlines, not real progress.“
The UAW, which first launched the strikes on Sept. 15, is at odds with the car groups over wage gains and benefits packages. About 18,300 UAW members are currently on strike, or roughly 12% of the total union members on staff at the so-called Detroit Three vehicle makers.
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