The union this week is holding observe pickets with staff in Detroit and Louisville, Ky. The UAW has raised its weekly strike pay to $500 per member and has greater than $825 million in its strike fund.
In 2019, the union struck GM for 40 days, inflicting manufacturing shutdowns that reverberated with sellers and suppliers caught within the crossfire.
Support for a strike was barely increased than the 96 % who agreed to let the union name one in 2019. The union wants the assist of two-thirds of its members to name a strike.
Officials didn’t say how most of the UAW’s 146,000 members on the Detroit 3 voted.
Fain has not dominated out occurring strike in opposition to all three automakers without delay. If that had been to occur, a 10-day strike would lead to greater than $5 billion in financial losses, in line with an evaluation by Anderson Economic Group.
That estimate contains wage losses of $795 million and producer losses of $1.2 billion, plus the monetary hit to suppliers, sellers and the auto business at massive.
UAW officers say they’re able to take a stand in opposition to the businesses in the event that they refuse to supply honest offers.
“Stellantis has made astronomical profits over the last decade and recently announced they made a record $12 billion in profits in the first half of this year,” UAW Vice President Rich Boyer, who heads negotiations with Stellantis, mentioned in a press release.
“This strike vote is a warning to Stellantis: We know the company can afford our demands and we are united and willing to do what it takes to win them.”
Fain final week mentioned negotiations with the automakers had been transferring too slowly.
“This isn’t just a strike vote,” he mentioned Aug. 15. “It’s a demonstration of our strength. It’s a sign of our unity. It’s a statement about our resolve, so if we want to make progress at the bargaining table, we need to show the companies it’s not just talk.”
Source: www.autonews.com