{"id":62920,"date":"2023-09-19T09:12:22","date_gmt":"2023-09-19T13:12:22","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/uaw-to-strike-at-more-ford-gm-plants-if-no-serious-progress-by-friday\/"},"modified":"2023-09-19T09:12:25","modified_gmt":"2023-09-19T13:12:25","slug":"uaw-to-strike-at-more-ford-gm-plants-if-no-serious-progress-by-friday","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=62920","title":{"rendered":"UAW to Strike at More Ford, GM Plants If No &#8216;Serious Progress&#8217; by Friday"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-BAR-0000747537\">\n<div data-layout=\"wrap\n              \" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetMediaIllustration\n          wrap\n  article__inset\n        article__inset--type-InsetMediaIllustration\n          article__inset--wrap\n    article__inset--lead\n  \"><\/p>\n<p>        <!-- eventually when we know what this card will be we can change it and leave this one --><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        img-wrap\n        article__inset__image\n      \" itemscope=\"\" itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<\/figure><\/div>\n<p>The United Auto Workers will strike at more plants if<br \/>\n        Ford<span>,<\/span><\/p>\n<p>        General Motors<span>,<\/span><br \/>\n       and<br \/>\n        Stellantis<br \/>\n       fail to make \u201cserious progress\u201d toward an agreement by Friday, the union\u2019s leader warned late Monday.<\/p>\n<p>The UAW strike, entering its fifth day, began in the early hours of Friday morning with the union striking at three facilities, one at each auto maker. Workers are currently on strike at<br \/>\n        GM<span>\u2019s<\/span><br \/>\n       (ticker: GM) Wentzville Assembly in Missouri,<br \/>\n        Stellantis<br \/>\n      \u2019 (STLA) Jeep assembly complex in Toledo, Ohio, and select departments in Ford\u2019s (F) assembly plant near Detroit.<\/p>\n<div class=\"paywall\">\n<p>But UAW President Shawn Fain said the union will call on more members to join the strike unless there\u2019s a breakthrough in negotiations by Friday.<\/p>\n<p>\u201cAutoworkers have waited long enough to make things right at the Big Three. We\u2019re not waiting around, and we\u2019re not messing around. So, noon on Friday, September 22nd is a new deadline,\u201d he said in a video released online.<\/p>\n<p>Ford and GM stocks both pointed 0.1% down in early premarket trading Tuesday, while Stellantis climbed 1.7%.<\/p>\n<p>Ford stock closed 2.1% down Monday, GM fell 1.8% and Stellantis was down 1.6% as investors digested the latest developments over the weekend. Those included negotiations between the union and the three auto makers resuming.\u00a0<\/p>\n<p>However, there was also a reminder of how far apart the sides currently are. Fain rejected Stellantis\u2019 offer of a 21% pay increase, in an interview with CBS\u2019 <em>Face the Nation<\/em> Sunday.<\/p>\n<p>The UAW initially sought raises of 40%, cost-of-living increases, job protections, a 32-hour workweek, and benefits for retirees. Fain on Sunday pointed to 40% pay raises for auto maker CEOs over the past four years as the reason why workers deserved similar sized increases.<\/p>\n<p>The auto makers have responded to the strikes with temporary layoffs. Ford announced Friday that it has temporarily laid off about 600 nonstriking workers at its Michigan plant. General Motors said about 2,000 workers at its Fairfax Assembly plant in Kansas could be out of work this week, until production resumes.<\/p>\n<p>Write to Callum Keown at callum.keown@barrons.com<\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/articles\/ford-gm-stock-uaw-strike-fca81e30?mod=markets\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The United Auto Workers will strike at more plants if Ford, General Motors, and Stellantis fail to make \u201cserious progress\u201d toward an agreement by Friday, the union\u2019s leader warned late Monday. The UAW strike, entering its fifth day, began in the early hours of Friday morning with the union striking at three facilities, one at [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":62921,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-62920","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>UAW to Strike at More Ford, GM Plants If No &#039;Serious Progress&#039; by Friday | iFintechWorld<\/title>\n<meta name=\"description\" content=\"The United Auto Workers will strike at more plants if Ford, General Motors, and Stellantis fail to make \u201cserious progress\u201d toward an agreement by Friday,\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=62920\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UAW to Strike at More Ford, GM Plants If No &#039;Serious Progress&#039; 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