UAW to announce progress with Ford ahead of deadline to expand strike

uaw-to-announce-progress-with-ford-ahead-of-deadline-to-expand-strike
UAW to announce progress with Ford ahead of deadline to expand strike

The United Auto Workers (UAW) is expected to announce significant progress in its negotiations with Ford Motor ahead of the Friday deadline for new labor agreements. This comes as the UAW launched strikes at one assembly plant each of General Motors, Ford, and Stellantis last week. Analysts predict that any wider strike will include plants that produce highly profitable pickup trucks. The UAW has not confirmed if additional Ford plants will join the strike but previously stated that it would not if there was significant progress. Ford shares have risen 2% and the company has not yet commented on the situation. The UAW President has warned that more members will join the strike if new deals are not reached by Friday. The union also plans to invite President Joe Biden to visit the picket lines. The ongoing standoff raises concerns about prolonged industrial action and its potential impact on production, the supply chain, and the US economy. A recent RushHourDaily/Ipsos poll shows significant support for the striking auto workers among Americans. UAW President Shawn Fain will address members on Facebook Live and announce the plants that will join the strike. Fain has criticized the Detroit automakers for not sharing their profits with workers while benefiting executives and investors. GM President Mark Reuss has rejected these claims, stating that the company’s offer to the union is generous and that profits have been reinvested in the transition to electric vehicles. The automakers have proposed 20% raises over 4-1/2 years, while the UAW is seeking 40% and wants to eliminate the tiered wage structure. S&P predicts that the strikes could last several weeks and potentially reduce third-quarter US GDP by 0.39%, causing disruptions in global automotive supply chains. GM, Ford, and Stellantis are making contingency plans for further work stoppages. Ford recently reached a last-minute deal to avoid a strike at its Canadian operations. The UAW is urging its members to stand strong and fight for their demands.

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Hi, I'm Alex Perez, an experienced writer with a focus on lifestyle and culture news. From food and fashion to travel and entertainment, I love exploring the latest trends and sharing my insights with readers. I also have a strong interest in world news and business, and enjoy covering breaking stories and events.

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