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UAW will open contract talks with Detroit Three automakers
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(Reuters) — The United Auto Workers union will open contract talks with Detroit's Three automakers starting Thursday ahead of the mid-September expiration of the current four-year labor deal.
The union said talks will open Thursday with Chrysler-parent Stellantis, on Friday with Ford Motor (NYSE:F) and July 18 with General Motors (NYSE:GM). UAW President Shawn Fain has repeatedly said the UAW wants to eliminate the two-tier wage system under which new hires earn as much as 25% less than veterans and will push to restore pay improvements tied to the cost of living and retiree benefits cut during the 2008-2009 Great Recession.
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