Sboll is Your Go-to Source for the Latest Finance News, Covering Markets, Banking, Investments, Economy and Stocks.
⎯ 《 Sboll • Com 》

Strike looms as talks between UAW, Detroit Three drag on

2023-09-12 23:25
The United Auto Workers (UAW) union has warned of a coordinated strike against the Detroit Three automakers, if
Strike looms as talks between UAW, Detroit Three drag on

The United Auto Workers (UAW) union has warned of a coordinated strike against the Detroit Three automakers, if an agreement is not reached on a new contract covering some 150,000 workers.

Negotiations over a new deal began in July but the three automakers - General Motors, Ford Motor and Chrysler-parent Stellantis - and the UAW have made little headway on the terms of the contract.

The current contract expires at 11:59 p.m. ET on Sept. 14 (0359 GMT the next day). Here is a timeline of events beginning with the election of the new UAW chief in March:

Date Development

March 25 Shawn Fain

wins the race

for the role of UAW president;

vows to take a tough stance with the Big

Three automakers.

July 10 The union says it will open contract talks

with Detroit's Big Three automakers starting

July 13.

July 11 Fain says the union is

not afraid to hold a strike

at any of the automakers without

a fair contract.

July 19 Fain meets President Joe Biden at the White

House as the union briefed the staff on

contract talks with the Detroit Three

automakers.

Aug. 1 The UAW presents demands to Stellantis, says

the union is seeking ambitious benefit

increases from the Detroit Three, including

double-digit pay rises and defined-benefit

pensions for all workers.

Aug. 2 The union presents contract demands to

General Motors

Aug. 3 The union presents contract demands to Ford

Aug. 8 Fain angrily tosses contract proposals from

Stellantis in a trash can, citing numerous

concessions that the Chrysler parent is

seeking in labor talks.

Aug. 25 The UAW says 97% of voting members were in

favor of authorizing a strike at the Detroit

Three if an agreement is not reached before

Sept. 14.

Aug. 31 The union says it has filed unfair labor

practice charges with the National Labor

Relations Board (NLRB) against GM and

Stellantis, saying they have refused to

bargain in good faith.

Aug. 31 Ford makes a contract offer to the UAW,

providing hourly employees with 15%

guaranteed combined wage increases, lumpsum

payments and improved benefits over the life

of the contract

Sept. 1 The U.S. NLRB says it will investigate unfair

labor practice charges filed by the UAW union

against GM and Stellantis.

Sept 6 The UAW makes a labor contract

counterproposal on economic issues to Ford

Sept. 7 GM makes counteroffer to the UAW that

includes a 10% wage hike and two additional

3% annual lumpsum payments over four years.

Fain calls the offer "insulting."

Sept. 8 Stellantis says it offered U.S. hourly

workers a 14.5% wage hike over four years but

no lumpsum payments.

Sept. 8 Fain says the UAW union wants a deal to avoid

walkouts at the Detroit Three but expects to

go on strike against all of them next week if

they do not improve their contract offers.

Sept. 11 Stellantis says it plans to make a new

counteroffer to the UAW after the union made

its own revised offer on Sunday ahead of the

expiration of the current four-year labor

deal Thursday night.

(Reporting by Ananta Agarwal in Bengaluru; Editing by Anil D'Silva)