UAW Strike: Auto Workers Walk Out On GM, Ford And Stellantis

Benzinga · 09/15/2023 08:36

The United Auto Workers (UAW) have commenced strikes at plants of three major Detroit carmakers, initiating a potentially lengthy and expensive standoff regarding wages and job security, Bloomberg reported

Workers began staging walkouts on Friday at a Ford Motor Co. (NYSE:F) Michigan plant manufacturing the Bronco SUV, a General Motors Co. (NYSE:GM) factory in Missouri producing the Chevy Colorado mid-sized pickup, and a Stellantis NV (NYSE:STLA) plant in Toledo, Ohio, where the Jeep Wrangler is made. Despite weeks of negotiations, the union and car manufacturers remain significantly distant.

See Also: Ford’s Jim Farley Fires Back At UAW Leader As Strike Deadline Approaches: ‘There’s No One To Negotiate Wi

UAW President Shawn Fain added that this approach would keep the companies guessing and provide negotiators with maximum leverage and flexibility during bargaining.

The UAW’s strategy aims to gradually reduce the production of profitable vehicles while mitigating the impact on the union's strike fund. The union stated it would add more strike locations based on the progression of the negotiations.

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Photo Courtesy: David Kn On

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