The strike by auto workers is entering its 4th day with no signs that a breakthrough is near The auto workers’ strike against Detroit’s Big Three is now in its fourth day The Independent UK · Sep 18, 2023
Stocks Mixed on Caution Ahead of Tue/Wed FOMC Meeting What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.09%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.13%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.12%. Bearish factors include the UAW strike, the possibility of... Barchart · Sep 18, 2023
Markets Today: Stocks Remain Under Pressure Ahead of FOMC Meeting Morning Markets December E-Mini S&P 500 futures (ESZ2 3) this morning are down -0.09%, and Dec Nasdaq 100 E-Mini futures (NQZ2 3) are down -0.21%. Stock index futures this morning are trading mildly lower. Stocks continue to be undercut by the UAW strike, the possibility of a U.S. government shutdown... Barchart · Sep 18, 2023
UAW strike offers leaders lessons on engaging workers in pay negotiations Want to avoid a strike like the UAW’s? Include your workers in compensation decision-making. Fortune · Sep 18, 2023
Workers shouldn't accept lower wages so ‘greedy people like Elon Musk can build more rocket ships,' says UAW president Shawn Fain Ford on Thursday said its labor costs are already 'significantly higher' than those of companies like Tesla and Toyota. Fortune · Sep 18, 2023
UAW strike, Day 4: GM threatens to send 2,000 workers home, Ford cuts 600 jobs Autoworkers are on strike at General Motors, Ford and Stellantis, an unprecedented move by the United Auto Workers union. Already, there are ripple effects. WEKU · Sep 18, 2023
The biggest winner of the UAW strike may be Elon Musk Tesla would get a huge cost advantage if the Detroit Big Three complied with all the United Auto Workers' demands. Fortune · Sep 18, 2023
UAW justifies wage demands by pointing to CEO pay raises. So how high were they? The United Auto Workers union has made CEO pay a central part of their argument for a big worker wage increase The Independent UK · Sep 17, 2023
How Shawn Fain, an unlikely and outspoken president, led the UAW to strike The former union electrician was an underdog in recent UAW leadership elections, but with a tough love approach to auto companies in negotiations, he narrowly won. Now he's taking the union on strike. WEKU · Sep 17, 2023
For Elon Musk, the personal is political – but his march to the right affects us all Walter Isaacson’s biography of the Tesla, SpaceX and X owner shows insecurity and anger have driven him to extremes The Guardian - US · Sep 17, 2023
Union says UAW and automakers' talks are 'slow' as Biden aides prepare to visit The United Auto Workers and automakers resumed negotiations this weekend. But UAW president Shawn Fain described progress as "slow." WEKU · Sep 16, 2023
The auto workers strike will drive up car prices, but not right away -- unless consumers panic If the United Auto Workers strike isn't settled soon, consumers will see higher prices for new cars — and not just the ones from Detroit The Independent UK · Sep 16, 2023
How the UAW strike could have ripple effects across the economy There are several ways the unprecedented United Auto Workers strike could hit the economy, but it will depend on how long the strike lasts and how many plants are affected, among other factors. WEKU · Sep 16, 2023
‘We build those cars’: US workers on Ford picket line demand a fair share Horns blare in support of strikers outside the carmakers’ plant in Wayne, Michigan, as union members attack ‘corporate greed’ The Guardian - US · Sep 16, 2023
The Independent UK · Sep 16, 2023 Auto worker strike creates test of Biden's goals on labor and climate The United Auto Workers strike has exposed tensions between President Joe Biden's goals of fighting climate change and supporting unions
The Guardian - US · Sep 15, 2023 ‘A fight against corporate greed’: Bernie Sanders rallies with UAW in Detroit Senator kicks off United Auto Workers’ largest strike against US’s big three carmakers amid record company profits
WEKU · Sep 15, 2023 With unprecedented strike underway, auto workers want to 'play hardball' Autoworkers' emotions — from excitement to fear and apprehension — are running high as the United Auto Workers launches an unprecedented strike against General Motors, Ford and Stellantis at once.
Fortune · Sep 15, 2023 The UAW’s Shawn Fain wants to wreck ‘the billionaire class’ as analysis reveals Ford, GM and Stellantis CEOs make at least 281 times their average employee The UAW took aim at Ford’s Jim Farley for making $21 million last year, but the CEOs of GM and Stellantis actually make even more.
Motor1 · Sep 15, 2023 UAW Workers Once Used Horses On The Picket Line, Historical Photos Show 13,000 hourly workers are presently on strike against Ford, GM, and FCA simultaneously, a first for the UAW.
Al Jazeera · Sep 15, 2023 Biden calls for ‘win-win’ deal to resolve US auto workers’ strike US president sends two government officials to Detroit, says corporate profits have not been shared fairly with workers.
Salon · Sep 15, 2023 UAW goes on strike for first time ever "CEOs gave themselves 40% pay increases in the last four years," United Auto Workers president Shawn Fain said
Fortune · Sep 15, 2023 Detroit’s striking auto workers want a 36% pay hike, mostly to cover inflation. Morgan Stanley thinks automakers can afford it Detroit’s striking auto workers would need a 30% pay hike just to cover inflation, making their demand for a 36% raise seem "fair," one analyst said.
Barchart · Sep 15, 2023 UAW Strikes: Unusual Options Activity Suggests Investors Don’t Care The United Auto Workers went on strike at midnight Friday. It is the first time the UAW has simultaneously walked out at all three of Detroit’s big automakers. The unusual options activity for the three automaker’s stocks suggests investors don’t care. That may change.
The Independent UK · Sep 15, 2023 Joe Biden says record auto profits should mean ‘record benefits’ as UAW launches historic Big 3 strike Unprecedented worker actions mark first time that all three companies are targeted simultaneously
WEKU · Sep 15, 2023 Why you shouldn't be surprised that autoworkers are asking for a 40% pay raise Bold union demands, bolstered by a tight labor market and frustration throughout the COVID-19 pandemic, are paying off in some sectors with significant raises for workers.