• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Friday, July 11, 2025
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Tech Automobiles

Auto Workers Rally as Deadline Nears for Expanding Strikes Against GM, Ford and Stellantis

by Ashmita Maria
September 22, 2023
in Automobiles, Cars, Trending, World
Reading Time: 3 mins read
0
Union Auto Workers protest
TwitterWhatsappLinkedin

In a significant turn of events, United Auto Workers (UAW) members gathered across various U.S. states, intensifying their protests against General Motors (GM), Ford Motor Company and Stellantis North America (formerly Fiat Chrysler). These developments come as the labor dispute enters its seventh day, heightening concerns about potential disruptions in the automotive industry.

You might also like

Amazon Prime Day 2025: What Sold, What Dropped, and What It Means for U.S. Retail

Range Rover Introduces Sleek New Emblem in Bold Brand Refresh

Mazda Unveils All-New CX-5: Where Emotion Meets Everyday Driving

The UAW’s decision to launch coordinated strikes against a single assembly plant for each of the Detroit three automakers has brought nearly 12,700 workers into the fray. This represents only a fraction of the 146,000 UAW members employed by these companies, but the impact is significant.

 

Key Issues at Stake

The crux of the labor dispute revolves around the tiered wage structure, which has created a substantial wage gap between newer and more experienced employees. Workers argue that this disparity forces some to take on multiple jobs to make ends meet.

In a show of solidarity, hundreds of workers, along with their families and supporters, gathered near a Ford assembly plant in Louisville, Kentucky. Honking cars and union songs filled the air as participants voiced their demands.

UAW President Shawn Fain has set a pivotal deadline for an expansion of strikes scheduled for noon EDT on Friday. The union’s position remains clear: progress must be made in negotiations to avert further escalation. Fain utilized social media, sharing a video message on X (formerly Twitter) featuring scenes from Hollywood movies with characters emphasizing “tick tock.”

While GM and Ford have reported ongoing negotiations with the UAW, Stellantis disclosed its fifth offer to the union, addressing subcommittee demands, with discussions continuing.

 

Financial Ramifications and Profit Allocation

Morgan Stanley analyst Adam Jonas estimated that a full month of lost production could potentially cost the three automakers a significant $7 billion to $8 billion in lost profits.

The dispute has also reignited a debate over profit allocation within the automotive industry. While UAW President Shawn Fain argues that workers have not received their fair share of profits, executives and investors contend that the funds have been reinvested in electric and gasoline-powered vehicles. The UAW seeks a 40% pay increase, while automakers have proposed a more conservative 20% raise over 4-1/2 years.

Industry analysts are keeping a close watch on the situation, anticipating that the production of high-margin pickup trucks, such as Ford’s F-150, GM’s Chevy Silverado, and Stellantis’ Ram, could become the focal points of the labor dispute if it continues.

 

Economic Impact and Industry Landscape

 

S&P experts anticipate that the strikes may persist, potentially impacting the third-quarter U.S. GDP by 0.39% and causing “upheaval” across global automotive supply chains.

Interestingly, the situation benefits rivals like Toyota Motor, which lacks unions at its U.S. factories and is preparing to launch redesigned Tacoma pickup trucks. Investors in electric vehicle (EV) companies like Tesla are closely monitoring the developments. They recognize that any significant wage and benefit increases among their Detroit counterparts could influence labor cost structures in their favor. This could potentially accelerate the shift towards electric vehicles as a more cost-effective option for automakers.

The ongoing labor disputes may become a catalyst for broader change. It symbolizes the current struggle to address income inequality and the erosion of the middle class. As the strikes continue, they serve as a powerful reminder of the challenges faced by workers in various industries across the country. The UAW’s fight, while localized in the automotive industry, resonates with those seeking economic and social justice on a national scale. Rivals like Toyota, untouched by unionization, stand to gain, symbolizing an alternative path in an industry steeped in tradition. Their labor models, characterized by different compensation structures and labor practices, demonstrate that there are alternatives to the traditional unionized approach which might soon gain popularity in the industry further endangering the bargaining power of workers.

 

 In conclusion, the ongoing labor disputes between UAW members and the Detroit Three automakers are at a critical juncture, with profound implications for both the automotive industry and the broader economy. Stakeholders remain on high alert as negotiations and strikes continue to unfold.

Tags: Ford Motor CompanyGeneral MotorsStellantisUnited Auto Workers
Tweet54SendShare15
Previous Post

Why Artificial Intelligence Is the Future of Onboarding?

Next Post

Microsoft’s big Windows 11 23H2 Launches on September 26 with Copilot AI Integrated In It

Ashmita Maria

A detail-oriented and organized individual who believes in the power of bringing a change through research based policy-making. With an interest in the varied fields of development and labour economics, political writing and filmmaking, I write when I'm not intellectualizing my problems :)

Recommended For You

Amazon Prime Day 2025: What Sold, What Dropped, and What It Means for U.S. Retail

by Thomas Babychan
July 11, 2025
0
20 Best Amazon Prime Day Deals You Can’t Miss

Amazon Prime Day 2025 turned into a four-day retail surge, running from July 8 to July 11. This year, the shopping event stretched beyond its traditional two-day format,...

Read more

Range Rover Introduces Sleek New Emblem in Bold Brand Refresh

by Samir Gautam
July 11, 2025
0
Range Rover Introduces Sleek New Emblem in Bold Brand Refresh

Range Rover, the luxury SUV marque under Jaguar Land Rover (JLR), has unveiled a striking new emblem, a pair of minimalist, wide-set “R”s marking the first design overhaul...

Read more

Mazda Unveils All-New CX-5: Where Emotion Meets Everyday Driving

by Samir Gautam
July 10, 2025
0
Mazda Unveils All-New CX-5: Where Emotion Meets Everyday Driving

Mazda has officially pulled the covers off the all-new Mazda CX-5, revealing the European version of its best-selling SUV with a renewed focus on comfort, emotion, and everyday...

Read more
Next Post
Windows 11 23H2

Microsoft’s big Windows 11 23H2 Launches on September 26 with Copilot AI Integrated In It

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?