With NO new contract settlement ?
The United Auto Workers /UAW seems ready to resort to rolling strike actions at random plants as their job action to show their displeasure at contract negotiations….
President Biden, a pro- union President has been asked to stay out of the situation, which he can force into a manditory ‘cooling off period’ ……
Tesla , an Elton Musk company, is NOT affected by this since it is a non-Union car manufacturer ….
A first-ever simultaneous strike at the Detroit Three carmakers by the United Auto Workers grew all but certain on Thursday with little progress reported in talks hours before a contract deadline expires.
The union – which represents 146,000 U.S. auto workers – is asking for 40% pay raises through September 2027 and major improvements in benefits as part of what it calls “audacious” demands.
The UAW has outlined plans for a series of strikes targeting individual, undisclosed U.S. auto plants if agreements are not reached by 11:59 pm ET Thursday, rather than a full walkout. The union plans to disclose the initial plants during a 10 p.m. ET event.
Ford Motor (F.N) CEO Jim Farley told CNN the proposal to hike wages by 40% would “put us out of business.” He said there were no talks going on, and that the automaker has received no counteroffer to its plan to offer 20% pay hikes.
U.S. President Joe Biden on Thursday spoke with UAW President Shawn Fain and leaders of the car companies to discuss the status of negotiations, the White House said.
Just 10 days ago, Biden had expressed optimism that a strike could be averted, saying: “I’m not worried about a strike … I don’t think it’s going to happen.”….
“The clear winner in this Game of Thrones Battle between the UAW vs. GM/Ford is Tesla,” said Wedbush analyst Daniel Ives. The Detroit automakers could face higher costs and complexity in the future that Tesla and other non-union automakers will not face as they expand electric vehicle production, he said.
AID FOR SUPPLIERS
The U.S. auto sector, including parts manufacturers, employs almost 1 million people, according to the U.S. Bureau of Labor Statistics.
Biden administration officials are discussing emergency aid to protect smaller firms that supply U.S. auto manufacturers, according to a source with knowledge of the matter. The White House declined to comment.
Fain outlined a strategy to “create confusion” with a series of work stoppages targeting individual U.S. plants if no deal is reached…..