General Motors and Jeep maker Stellantis are meeting with United Auto Workers bargainers to see if they can reach a contract agreement that mirrors a deal…
General Motors and Jeep maker Stellantis are meeting with United Auto Workers bargainers Thursday to see if they can reach a contract agreement that
GM and Stellantis will have to follow the pattern set by Ford or it's likely that UAW President Shawn Fain will add factories to its partial strikes that began on Sept. 15, said Art Wheaton, director of labor studies at Cornell University. GM and Stellantis are losing money due to the strikes and they may be eager to bring them to a close, even though it's not certain whether Ford workers will ratify the contract, Wheaton said. GM said Tuesday that it's losing about $200 million per week due to the strike,The Ford deal, if approved by local union leaders and ratified by members, would give top-scale assembly plant workers a 25% raise over the life of the contract.
All three companies have said they don’t want to absorb labor costs that are so high that they would force price increases and make their vehicles more expensive than those made by nonunion companies such as Tesla and Toyota.
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