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General Motors' lost $2.9 billion in profit due to the strike according to the company's Q3 earnings report released Tuesday. That number exceeded analyst estimates by $900 million. In the final two weeks of the strike, as further plants had to be shut down due to parts shortages, the company lost $750 million. The total loss is about $2.00 per share. The stock is up 4.71 percent over Monday's close at the time of this writing. The strike hit 31 factories and 21 other facilities including plants in Canada and Mexico which build the Chevrolet Equinox and Chevrolet Blazer respectively. Both plants were forced to shut down due to parts shortages caused by striking workers in the U.S. View full article
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General Motors' lost $2.9 billion in profit due to the strike according to the company's Q3 earnings report released Tuesday. That number exceeded analyst estimates by $900 million. In the final two weeks of the strike, as further plants had to be shut down due to parts shortages, the company lost $750 million. The total loss is about $2.00 per share. The stock is up 4.71 percent over Monday's close at the time of this writing. The strike hit 31 factories and 21 other facilities including plants in Canada and Mexico which build the Chevrolet Equinox and Chevrolet Blazer respectively. Both plants were forced to shut down due to parts shortages caused by striking workers in the U.S. -
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The UAW has announced that their membership has ratified the new 4-year contract deal with General Motors 23,389 to 17,501. Roughly 46,000 union members will receive an $11,000 ratification bonus while temporary workers will get $4,500. According to GM, work is to resume Monday with the first shift, however GM was attempting to get volunteers to start production earlier on Saturday and Sunday at Flint Assembly and Fort Wayne Assembly where the GMC Sierra and Chevrolet Silverado are built. The strike, which lasted roughly 6 weeks, cost the company $450 million per week. The new agreement includes: No increase in healthcare contribution, retaining the current 3% rate 3% wage increases or 4% lump sum payments each of the 4 years of the contract $11,000 signing bonus to union employees, $4,500 for temporary employees $7.7 billion in investments in U.S. manufacturing plants, including Detroit-Hamtramck, a plant originally slated for closure Enhanced employee profit sharing with no cap A clear path for temporary employees to become permanent after three years of service beginning January 2020. -
The UAW has announced that their membership has ratified the new 4-year contract deal with General Motors 23,389 to 17,501. Roughly 46,000 union members will receive an $11,000 ratification bonus while temporary workers will get $4,500. According to GM, work is to resume Monday with the first shift, however GM was attempting to get volunteers to start production earlier on Saturday and Sunday at Flint Assembly and Fort Wayne Assembly where the GMC Sierra and Chevrolet Silverado are built. The strike, which lasted roughly 6 weeks, cost the company $450 million per week. The new agreement includes: No increase in healthcare contribution, retaining the current 3% rate 3% wage increases or 4% lump sum payments each of the 4 years of the contract $11,000 signing bonus to union employees, $4,500 for temporary employees $7.7 billion in investments in U.S. manufacturing plants, including Detroit-Hamtramck, a plant originally slated for closure Enhanced employee profit sharing with no cap A clear path for temporary employees to become permanent after three years of service beginning January 2020. View full article
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The UAW has been striking against General Motors for 31 days, the longest work stoppage since the 1970s. Now news comes that GM and the Union have reached a tentative agreement and the union council will vote today on whether to end the walkout of 46,000 workers or wait until the agreement is ratified by union members. The Union and GM plan to discuss the deal after the vote has taken place. We will update this article as more news comes. Update 1:20 pm: Healthcare remains as-is. Temporary employees have a path to full employment All current hourly workers will receive raises to at least $32.32 by the end of the contract term Wages subject to increases of 3% a year New hires reach full pay in 4-years instead of the current 8-years $11,000 signing bonus for full-time hourly workers Detroit-Hamtramck (Cadillac CT6, Chevrolet Impala) remains open. Lordstown and two transmission plants in Maryland and Michigan remain closed. Employees from closed plants can retire early or opt for a $75,000 buyout. Workers who retire early will receive a $60,000 bonus and start collecting pension in January or February. View full article
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The UAW has been striking against General Motors for 31 days, the longest work stoppage since the 1970s. Now news comes that GM and the Union have reached a tentative agreement and the union council will vote today on whether to end the walkout of 46,000 workers or wait until the agreement is ratified by union members. The Union and GM plan to discuss the deal after the vote has taken place. We will update this article as more news comes. Update 1:20 pm: Healthcare remains as-is. Temporary employees have a path to full employment All current hourly workers will receive raises to at least $32.32 by the end of the contract term Wages subject to increases of 3% a year New hires reach full pay in 4-years instead of the current 8-years $11,000 signing bonus for full-time hourly workers Detroit-Hamtramck (Cadillac CT6, Chevrolet Impala) remains open. Lordstown and two transmission plants in Maryland and Michigan remain closed. Employees from closed plants can retire early or opt for a $75,000 buyout. Workers who retire early will receive a $60,000 bonus and start collecting pension in January or February. -
Negotiators have been meeting daily since the UAW went on strike on September 16th and according to sources, the two sides are nearing a deal as talks have intensified over the last 48 hours. All of the issues have reached the "Main Table" and are out of subcommittee which is a sign that a deal is imminent. The initial offer from GM included $7 billion in investments in eight of its US facilities, while also adding 5,400 new jobs. The UAW rejected the initial offer saying that it wasn't enough in terms of pay raises, healthcare, and tenure requirements. GM also offered an $8,000 signing bonus per member to accept the deal. The primary issues are GM's use of temporary workers and the slated closure of a number of plants. If a proposal is reached, the union has to take the proposal to the GM-UAW council and then to team members to approve. It usually takes two weeks for that process, but could be expedited if the UAW decides to keep striking during the voting process. This is the first national strike against GM since 2007 and the longest since the 1970s. The strike is estimated to be costing General Motors $50 million a day. View full article
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Negotiators have been meeting daily since the UAW went on strike on September 16th and according to sources, the two sides are nearing a deal as talks have intensified over the last 48 hours. All of the issues have reached the "Main Table" and are out of subcommittee which is a sign that a deal is imminent. The initial offer from GM included $7 billion in investments in eight of its US facilities, while also adding 5,400 new jobs. The UAW rejected the initial offer saying that it wasn't enough in terms of pay raises, healthcare, and tenure requirements. GM also offered an $8,000 signing bonus per member to accept the deal. The primary issues are GM's use of temporary workers and the slated closure of a number of plants. If a proposal is reached, the union has to take the proposal to the GM-UAW council and then to team members to approve. It usually takes two weeks for that process, but could be expedited if the UAW decides to keep striking during the voting process. This is the first national strike against GM since 2007 and the longest since the 1970s. The strike is estimated to be costing General Motors $50 million a day. -
The UAW declared a national strike against General Motors, a first since 2007, after GM failed to reach a deal with union leaders over wages and benefits. A union spokesman said it was a unanimous vote to strike and that the status of the negotiations are unclear. General Motors said that its offer to the UAW included more than $7 billion in U.S. investments, jobs, higher pay, and improved benefits. It included an offer for more than 5,400 jobs, the majority of which would be new. The offer would allocated an electric truck to Detroit-Hamtramck assembly plant and Lordstown would be reopened as a battery assembly plant. The UAW's previous contract with General Motors expired on Saturday at midnight, but workers were told to continue to show up to work under the terms of the prior contract while negotiations were ongoing. Fiat Chrysler Automobiles and Ford Motor Company have extended their current contracts while the GM talks are happening. View full article
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The UAW declared a national strike against General Motors, a first since 2007, after GM failed to reach a deal with union leaders over wages and benefits. A union spokesman said it was a unanimous vote to strike and that the status of the negotiations are unclear. General Motors said that its offer to the UAW included more than $7 billion in U.S. investments, jobs, higher pay, and improved benefits. It included an offer for more than 5,400 jobs, the majority of which would be new. The offer would allocated an electric truck to Detroit-Hamtramck assembly plant and Lordstown would be reopened as a battery assembly plant. The UAW's previous contract with General Motors expired on Saturday at midnight, but workers were told to continue to show up to work under the terms of the prior contract while negotiations were ongoing. Fiat Chrysler Automobiles and Ford Motor Company have extended their current contracts while the GM talks are happening. -
The news isn't getting any better at General Motors' CAMI plant where workers have been on strike for a month after the automaker and Canadian union Unifor were unable to reach an agreement. Already, the strike has caused GM to make adjustments and idle some of their plants in North America, and there are concerns about the shrinking stock of Chevrolet Equinoxes. But now the stakes have been raised. According to Reuters and Automotive News, General Motors issued a warning to leaders at Unifor that it will start winding down production of the Equinox at CAMI unless the strike is called off. Unifor leader Jerry Dias was told by GM officials that the automaker would begin ramping up Equinox production at the San Luis Potosi and Ramos Arizpe, Mexico plants if the strike was not called off. "GM just told us today that they are going to ramp up production in Mexico. They have declared war on Canada," Diaz told Reuters. GM had no immediate comment on Dias' statement when reached by Reuters. According to a source at GM, the discussions between them and Unifor have been going nowhere and there is "a high degree of frustration." Because of this, GM is planning to study how quickly key suppliers for the Equinox could move their operations down to Mexico. No final decision on CAMI's fate has been decided according to the source, but the time frame for getting a deal done is narrowing. Mexico has been the dividing point between GM and Unifor. The union objected to GM's decision to lay off 600 workers at CAMI when it moved production of the GMC Terrain to Mexico. Unifor wants CAMI to be the lead plant for Equinox production by "giving it more production if Equinox sales rise and making it the last to scale back production if sales fall." But GM has invested $800 million into the plant for retooling to build the new Equinox. The automaker believes this should be enough commitment and putting it into writing isn't necessary. According to the source, there is no such language in any of the other union contracts. The strike has gotten so bad that the Government of Ontario has stepped in, urging both groups to resolve this rift. “I feel like we’re engaged in a poker game, but the interests of Ontario are sitting on the table right now,” said Brad Duguid, Ontario's Economic Development Minister. “It’s an uncomfortable place to be, obviously, and we’d really like to urge the parties to find a resolution to this as quickly as possible before permanent damage is done.” Source: Automotive News (Subscription Required), Reuters -
The news isn't getting any better at General Motors' CAMI plant where workers have been on strike for a month after the automaker and Canadian union Unifor were unable to reach an agreement. Already, the strike has caused GM to make adjustments and idle some of their plants in North America, and there are concerns about the shrinking stock of Chevrolet Equinoxes. But now the stakes have been raised. According to Reuters and Automotive News, General Motors issued a warning to leaders at Unifor that it will start winding down production of the Equinox at CAMI unless the strike is called off. Unifor leader Jerry Dias was told by GM officials that the automaker would begin ramping up Equinox production at the San Luis Potosi and Ramos Arizpe, Mexico plants if the strike was not called off. "GM just told us today that they are going to ramp up production in Mexico. They have declared war on Canada," Diaz told Reuters. GM had no immediate comment on Dias' statement when reached by Reuters. According to a source at GM, the discussions between them and Unifor have been going nowhere and there is "a high degree of frustration." Because of this, GM is planning to study how quickly key suppliers for the Equinox could move their operations down to Mexico. No final decision on CAMI's fate has been decided according to the source, but the time frame for getting a deal done is narrowing. Mexico has been the dividing point between GM and Unifor. The union objected to GM's decision to lay off 600 workers at CAMI when it moved production of the GMC Terrain to Mexico. Unifor wants CAMI to be the lead plant for Equinox production by "giving it more production if Equinox sales rise and making it the last to scale back production if sales fall." But GM has invested $800 million into the plant for retooling to build the new Equinox. The automaker believes this should be enough commitment and putting it into writing isn't necessary. According to the source, there is no such language in any of the other union contracts. The strike has gotten so bad that the Government of Ontario has stepped in, urging both groups to resolve this rift. “I feel like we’re engaged in a poker game, but the interests of Ontario are sitting on the table right now,” said Brad Duguid, Ontario's Economic Development Minister. “It’s an uncomfortable place to be, obviously, and we’d really like to urge the parties to find a resolution to this as quickly as possible before permanent damage is done.” Source: Automotive News (Subscription Required), Reuters View full article
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After a month-long strike and threat earlier this week, General Motors and Unifor Local 88 have reached an tentative agreement for workers at the CAMI assembly plant. Last night, Unifor Local 88 made the announcement via email to its workers. Details of the agreement are being kept under wraps until a ratification vote is held on Monday. If the agreement is approved, workers will return to the plant starting at 11 PM Monday night. "We have addressed job security which will be in this deal. I think it's a fair agreement ... and everybody is looking forward to going back to work and making vehicles their customers want, knowing there will be some sort of job security there," said Mike Van Boekel, the union's plant chair at CAMI to CBC News. Source: Automotive News (Subscription Required), CBC News View full article
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After a month-long strike and threat earlier this week, General Motors and Unifor Local 88 have reached an tentative agreement for workers at the CAMI assembly plant. Last night, Unifor Local 88 made the announcement via email to its workers. Details of the agreement are being kept under wraps until a ratification vote is held on Monday. If the agreement is approved, workers will return to the plant starting at 11 PM Monday night. "We have addressed job security which will be in this deal. I think it's a fair agreement ... and everybody is looking forward to going back to work and making vehicles their customers want, knowing there will be some sort of job security there," said Mike Van Boekel, the union's plant chair at CAMI to CBC News. Source: Automotive News (Subscription Required), CBC News -
The strike at General Motors' CAMI Assembly plant, home of the Chevrolet Equinox has come to an end. Today, 86 percent of Unifor Local 88 members voted yes on a new 4-year contract. With the approval, workers will resume work at the plant beginning at 7 PM tonight for early start-up, with production beginning at 11 PM. Here is what new 4-year contract include Stronger language around job security. Union said the new contract would make it more costly for GM to close down CAMI - $290 million vs. $190 million. If CAMI is shuttered, employees near retirement will still be able to get into a retirement program. Workers will get a 4 percent wage hike and $8,000 in lump-sum payments over the contract New hires on the production line will see an accelerated pace in terms of their wages increased to the max of $34.15 per hour A $6,000 performance bonus once the deal is ratified "The ratification of a new 4-year agreement between GM Canada and Unifor Local 88 at CAMI Assembly is welcome news for our company, employees and the community. We have an outstanding new product at CAMI with the Chevrolet Equinox and I am confident that we will quickly pull together to continue to demonstrate to the world the outstanding productivity, innovation and quality that is synonymous with the CAMI workforce," said Steve Carlisle, President of GM Canada in a statement. There is one thing missing from this contract, a written assurance that CAMI would be the lead producer of the Equinox. This was the major point of contention between the two during negoations. It is clear that Unifor officials are not happy with this contract. “The end result was not the result we were hoping for, it shows the true colors of GM,” Unifor Local 88 Chair Mike Van Boekel said in a statement to members. Given these actions, our demand to protect the Equinox was not only fair and reasonable, it simply made sense. Our members had every reason to make this [lead producer] demand, and did everything to demonstrate it was a demand that deserved to be met. However, at the highest levels of General Motors corporate in Detroit, they coldly refused. As a result and after much internal discussion, we decided that we could not, in good conscience, ask for more economic sacrifice from you in this fight,” said Unifor National President Jerry Dias. We have to wonder if GM's threat of ramping up Equinox production in Mexico issued last week was the turning point. Source: Automotive News (Subscription Required), CBC News, GM Press Release is on Page 2 2017 CAMI / UNIFOR NEGOTIATIONS The ratification of a new 4-year agreement between GM Canada and Unifor Local 88 at CAMI Assembly is welcome news for our company, employees and the community. We have an outstanding new product at CAMI with the Chevrolet Equinox and I am confident that we will quickly pull together to continue to demonstrate to the world the outstanding productivity, innovation and quality that is synonymous with the CAMI workforce. I want to extend thanks to the local and national Unifor teams who have worked long hours together with the GM negotiating team these past many weeks. The negotiations process requires a great deal of straight talk, creative problem solving, and compromise to achieve a positive outcome for both the membership and the Company. Success is also achieved by remembering that we are here to serve our customers proudly and deliver the very best product and services to them. Having grown up in Southwestern Ontario, the CAMI plant and the Oxford County community mean a great deal to me. The challenges of the past months have been hard on all of us but now it’s time to show the character of our region and our plant. With the recent $800 million investment at the CAMI plant and this agreement, it is up to each of us to demonstrate the unparalleled value we deliver as leaders within Canada’s auto sector. The employees at CAMI have created a culture of team involvement and continuous improvement resulting in numerous industry awards for vehicle quality and productivity. I am confident that by working as one team, that will continue for years to come. Steve Carlisle President and Managing Director General Motors Canada View full article
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The strike at General Motors' CAMI Assembly plant, home of the Chevrolet Equinox has come to an end. Today, 86 percent of Unifor Local 88 members voted yes on a new 4-year contract. With the approval, workers will resume work at the plant beginning at 7 PM tonight for early start-up, with production beginning at 11 PM. Here is what new 4-year contract include Stronger language around job security. Union said the new contract would make it more costly for GM to close down CAMI - $290 million vs. $190 million. If CAMI is shuttered, employees near retirement will still be able to get into a retirement program. Workers will get a 4 percent wage hike and $8,000 in lump-sum payments over the contract New hires on the production line will see an accelerated pace in terms of their wages increased to the max of $34.15 per hour A $6,000 performance bonus once the deal is ratified "The ratification of a new 4-year agreement between GM Canada and Unifor Local 88 at CAMI Assembly is welcome news for our company, employees and the community. We have an outstanding new product at CAMI with the Chevrolet Equinox and I am confident that we will quickly pull together to continue to demonstrate to the world the outstanding productivity, innovation and quality that is synonymous with the CAMI workforce," said Steve Carlisle, President of GM Canada in a statement. There is one thing missing from this contract, a written assurance that CAMI would be the lead producer of the Equinox. This was the major point of contention between the two during negoations. It is clear that Unifor officials are not happy with this contract. “The end result was not the result we were hoping for, it shows the true colors of GM,” Unifor Local 88 Chair Mike Van Boekel said in a statement to members. Given these actions, our demand to protect the Equinox was not only fair and reasonable, it simply made sense. Our members had every reason to make this [lead producer] demand, and did everything to demonstrate it was a demand that deserved to be met. However, at the highest levels of General Motors corporate in Detroit, they coldly refused. As a result and after much internal discussion, we decided that we could not, in good conscience, ask for more economic sacrifice from you in this fight,” said Unifor National President Jerry Dias. We have to wonder if GM's threat of ramping up Equinox production in Mexico issued last week was the turning point. Source: Automotive News (Subscription Required), CBC News, GM Press Release is on Page 2 2017 CAMI / UNIFOR NEGOTIATIONS The ratification of a new 4-year agreement between GM Canada and Unifor Local 88 at CAMI Assembly is welcome news for our company, employees and the community. We have an outstanding new product at CAMI with the Chevrolet Equinox and I am confident that we will quickly pull together to continue to demonstrate to the world the outstanding productivity, innovation and quality that is synonymous with the CAMI workforce. I want to extend thanks to the local and national Unifor teams who have worked long hours together with the GM negotiating team these past many weeks. The negotiations process requires a great deal of straight talk, creative problem solving, and compromise to achieve a positive outcome for both the membership and the Company. Success is also achieved by remembering that we are here to serve our customers proudly and deliver the very best product and services to them. Having grown up in Southwestern Ontario, the CAMI plant and the Oxford County community mean a great deal to me. The challenges of the past months have been hard on all of us but now it’s time to show the character of our region and our plant. With the recent $800 million investment at the CAMI plant and this agreement, it is up to each of us to demonstrate the unparalleled value we deliver as leaders within Canada’s auto sector. The employees at CAMI have created a culture of team involvement and continuous improvement resulting in numerous industry awards for vehicle quality and productivity. I am confident that by working as one team, that will continue for years to come. Steve Carlisle President and Managing Director General Motors Canada -
Last night, workers at General Motors' CAMI Assembly plant in Ingersoll, Ontario went on strike. GM and Unifor Local 88 - the group that represents about 2,750 workers at the plant - were unable to reach a tentative contract before a deadline of 10:59 P.M. last night. This is the first time since 1996 that Canadian autoworkers went on strike against an automaker. "While General Motors of Canada and our Unifor partners have made very positive progress on several issues over the past weeks, the Company is disappointed that we were not able to complete a new agreement. We encourage Unifor to resume negotiations and to continue working together to secure a competitive agreement," GM said in a statement on Sunday. You might be wondering why a strike is taking place in the first place as GM already worked out a deal with Unifor back in September. That's because Unifor members at CAMI are under a different contract than workers at other plants, meaning they were not involved in the negotiations. CAMI is home to the Chevrolet Equinox and used to build the GMC Terrain, before being sent down to Mexico. The loss of the Terrain meant 400 workers were laid off, while another 200 workers took early retirement. Unifor Local 88 President Dan Borthwick said the two sides are very much apart on “language issues, economic issues that are still outstanding, and, most importantly, job security.” Borthwick also said GM wouldn't budge on Unifor's demand by making a long-term commit through new products and investments. "We put our best foot forward, and we don’t believe the company is serious about our membership’s demands,” he said to Automotive News. Stalling production at CAMI raises some headaches. As The Truth About Cars note, various operations such as the engine and transmission plant in St. Catharines, Ontario and numerous suppliers will be hampered by this strike. There are concerns if the strike goes long-term. The popularity of the Equinox and Terrain has been booming thanks to the large increase in crossovers. Data from Automotive News shows that Chevrolet dealers in U.S. had about a 53 day supply of Equinoxes at the start of the month, well below the 74-day supply last month. While GM also builds the Equinox in two plants in Mexico, CAMI is where the majority of the models are built. Through August, the San Luis Potosi and Ramos Arizpe plants in Mexico built a combined total of 40,017 units. Meanwhile at CAMI, 132,288 Equinox models rolled off the line. Losing CAMI for a time could mean a tighter supply of Equinox models. Source: Automotive News (Subscription Required), The Truth About Cars -
Last night, workers at General Motors' CAMI Assembly plant in Ingersoll, Ontario went on strike. GM and Unifor Local 88 - the group that represents about 2,750 workers at the plant - were unable to reach a tentative contract before a deadline of 10:59 P.M. last night. This is the first time since 1996 that Canadian autoworkers went on strike against an automaker. "While General Motors of Canada and our Unifor partners have made very positive progress on several issues over the past weeks, the Company is disappointed that we were not able to complete a new agreement. We encourage Unifor to resume negotiations and to continue working together to secure a competitive agreement," GM said in a statement on Sunday. You might be wondering why a strike is taking place in the first place as GM already worked out a deal with Unifor back in September. That's because Unifor members at CAMI are under a different contract than workers at other plants, meaning they were not involved in the negotiations. CAMI is home to the Chevrolet Equinox and used to build the GMC Terrain, before being sent down to Mexico. The loss of the Terrain meant 400 workers were laid off, while another 200 workers took early retirement. Unifor Local 88 President Dan Borthwick said the two sides are very much apart on “language issues, economic issues that are still outstanding, and, most importantly, job security.” Borthwick also said GM wouldn't budge on Unifor's demand by making a long-term commit through new products and investments. "We put our best foot forward, and we don’t believe the company is serious about our membership’s demands,” he said to Automotive News. Stalling production at CAMI raises some headaches. As The Truth About Cars note, various operations such as the engine and transmission plant in St. Catharines, Ontario and numerous suppliers will be hampered by this strike. There are concerns if the strike goes long-term. The popularity of the Equinox and Terrain has been booming thanks to the large increase in crossovers. Data from Automotive News shows that Chevrolet dealers in U.S. had about a 53 day supply of Equinoxes at the start of the month, well below the 74-day supply last month. While GM also builds the Equinox in two plants in Mexico, CAMI is where the majority of the models are built. Through August, the San Luis Potosi and Ramos Arizpe plants in Mexico built a combined total of 40,017 units. Meanwhile at CAMI, 132,288 Equinox models rolled off the line. Losing CAMI for a time could mean a tighter supply of Equinox models. Source: Automotive News (Subscription Required), The Truth About Cars View full article
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The clock is ticking now as the UAW has issued a strike notice to Fiat Chrysler Automobiles that will end a previously agreed upon contract extension tomorrow at 11:59 PM EDT if a new deal for its 40,000 members isn't reached. FCA issued a statement saying they have received the notice and are continuing discussions with the UAW to possibly alleviate this situation. The Detroit Fress Press has learned from sources that negotiations between the two groups have broken down and that the UAW negotiators have left the bargaining table. A number of union members have been wanting a strike since the two groups went into negotiations. How serious is the UAW with the strike. An unnamed UAW official says elected leaders are being asked to pick up picket signs and are meeting with plant officials on keeping machinery running for safety reasons. What's unclear at this moment is the UAW's plan for the strike? Would it be national strike or would the Union target certain plants? “They don’t have to go long if they do strike. A strike causes pain on both sides and applies pressure to get back to the table,” said Kristin Dziczek, director of the Labor & Industry Group at the Center for Automotive Research Source: Automotive News (Subscription Required), Detroit Free Press, The Detroit News, Fiat Chrysler Automobiles FCA US Statement Regarding UAW Strike Notification FCA US confirms that it has received strike notification from the UAW. The Company continues to work with the UAW in a constructive manner to reach a new agreement. The UAW Strike Notice is Below -
The clock is ticking now as the UAW has issued a strike notice to Fiat Chrysler Automobiles that will end a previously agreed upon contract extension tomorrow at 11:59 PM EDT if a new deal for its 40,000 members isn't reached. FCA issued a statement saying they have received the notice and are continuing discussions with the UAW to possibly alleviate this situation. The Detroit Fress Press has learned from sources that negotiations between the two groups have broken down and that the UAW negotiators have left the bargaining table. A number of union members have been wanting a strike since the two groups went into negotiations. How serious is the UAW with the strike. An unnamed UAW official says elected leaders are being asked to pick up picket signs and are meeting with plant officials on keeping machinery running for safety reasons. What's unclear at this moment is the UAW's plan for the strike? Would it be national strike or would the Union target certain plants? “They don’t have to go long if they do strike. A strike causes pain on both sides and applies pressure to get back to the table,” said Kristin Dziczek, director of the Labor & Industry Group at the Center for Automotive Research Source: Automotive News (Subscription Required), Detroit Free Press, The Detroit News, Fiat Chrysler Automobiles FCA US Statement Regarding UAW Strike Notification FCA US confirms that it has received strike notification from the UAW. The Company continues to work with the UAW in a constructive manner to reach a new agreement. The UAW Strike Notice is Below View full article
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