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Getting caught up on a week that got away? Here’s your weekly digest of the Globe’s most essential business and investing stories, with insights and analysis from the pros, stock tips, portfolio strategies and more.The United Auto Workers union went on strike at three factories owned by Ford Motor Co., General Motors and Stellantis early on Friday morning. About 12,700 U.S. autoworkers halted work at assembly plants in Wayne, Mich., Wentzville, Mo., and Toledo, Ohio.
Eric Atkins reports that, causing plants to slow or halt production within a couple days. The U.S. strike is happening at the same time as Canadian autoworkers are holding negotiations of their own. Unifor, which cover 18,000 workers at the “Detroit Three” automakers, said its members have voted overwhelmingly in favour of a strike mandate, with a deadline set for Sept. 18.
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UAW cites 'productive' talks with Ford on second day of US auto strikeBy David Shepardson (Reuters) -Negotiators for the United Auto Workers and Ford had
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UAW strike: 'Pay is a priority' for auto workers, professor saysAuto workers are flocking to picket lines to strike against Big Three automakers Ford (F), General Motors (GM), and Stellantis (STLA) after their labor contracts expired amid negotiations between employers and the United Auto Workers (UAW) union. Michigan State Professor Peter Berg and Kate Bronfenbrenner, Cornell University's School of Industrial and Labor Relations Director of Labor Education Research, join Yahoo Finance Live to discuss the impact of a prolonged auto workers strike on certain communities and the benefit demands union leaders are trying to leverage against the auto manufacturers. 'They have effective arguments there in that there's been a decline in real wages since the mid-2000s... in the auto industry,' Berg, the Director of Michigan State's School of Human Resources and Labor Relations, says. 'And at the same time, you've seen profits really increase for the auto companies.' 'The companies making profits, not just this year but in the proceeding years, and they've decided to put the profits into the CEOs and not the workers,' Bronfenbrenner, who is also the Co-Director of the Worker Empowerment Research Network (WERN), explains.
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UAW makes history with strike against Big 3 AutomakersAuto workers officially went on strike after failing to reach a new contract agreement with Big Three automakers Ford (F), General Motors (GM), and Stellantis (STLA), before the Thursday deadline.The United Auto Workers union conducted a stand-up style strike, simultaneously picketing at three different plants: General Motors' Wentzville, Missouri facility; Ford's Michigan Final Assembly & Paint Plant; and the Stellantis Assembly Plant in Toledo, Ohio. Approximately 13,000 workers are reportedly taking part in this strike that analysts predict could go on for over a month.Yahoo Finance's Pras Subramanian and Rick Newman discuss how this strike could impact the automotive industry, dynamics among non-unionized auto workers, and its potential effects on auto parts suppliers and used car retailers.
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US auto workers strike against Detroit Three enters third dayThe United Auto Workers strike against the Detroit Three automakers is set to enter its third day Sunday with no immediate resolution on the horizon. On Saturday, negotiators for the United Auto Workers and Ford Motor had 'reasonably productive discussions' toward a new contract, the union said, while Chrysler-parent Stellantis said it had boosted its contract offer. About 12,700 UAW workers remain on strike as part of a coordinated labor action targeting three U.S. assembly plants - one at each of the Detroit Three automakers after the prior four-year labor agreements expired at 11:59 p.m. ET Thursday.
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Unifor auto talks press on as U.S. auto strike could affect Canadian suppliersTORONTO — A strike by Unifor autoworkers could still be averted as the union says contract talks with Ford Motor Co. haven't stalled, but experts say the Canadian auto sector could soon take a hit anyway after U.S. autoworkers walked off the job.
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Unifor auto talks press on as U.S. auto strike could affect Canadian suppliersA strike by Unifor autoworkers could still be averted as the union says contract talks with Ford Motor Co. haven't stalled, but experts say the Canadian auto sector could soon take a hit anyway after U.S. autoworkers walked off the job.
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