Top Price Market
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

Top Price Market

Business

Autoworkers strike expands again with walkout at GM SUV plant

by October 24, 2023
October 24, 2023
Autoworkers strike expands again with walkout at GM SUV plant

The United Auto Workers union expanded its strike against Detroit’s Big Three for the second consecutive day as members at a major General Motors manufacturing plant walked off the job.

The union said 5,000 employees from the Arlington Assembly plant in Texas are now on strike. All of GM’s full-size internal combustion SUVs are worked on at that facility, including the Chevrolet Tahoe and Suburban, GMC Yukon and Yukon XL, and Cadillac Escalade and Escalade-V.

The move comes the same day General Motors reported its third-quarter results. The company said the strike has cost it around $800 million in pretax profits and it withdrew its 2023 profit forecast, but its quarterly adjusted earnings and revenue were better than Wall Street analysts had expected.

The expansion of the strike comes one day after 6,800 Stellantis employees walked off the job, shutting down manufacturing at a facility where Ram 1500 trucks are made.

In a statement, GM said it was ‘disappointed’ by the step.

“Last week, we provided a comprehensive offer to the UAW that increased the already substantial and historic offers we have made by approximately 25% in total value,” the company said.

It’s another escalation in the union’s strike against GM, Stellantis and Ford. The union previously ordered a walkout on Oct. 11, when it struck against Ford’s Kentucky Truck Plant.

Full-size SUVs and pickup trucks are some of the highest-priced and most profitable products that the Big Three make. They are also some of the most popular vehicles among U.S. consumers.

In the early weeks of the labor stoppage, the UAW had been calling on additional workers to go on strike once per week and was giving the automakers more notice about potential strikes. It also did not strike those truck and SUV plants initially.

The strike is now more than five weeks old, and the union appears to be moving at a faster pace to push the companies to complete a new contract.

Around 45,000 UAW members are now on strike out of a total of 146,000.

They’re seeking annual pay raises of more than 40% over a four-year contract, a shorter workweek, improved pensions for retirees, better health care, cost-of-living adjustments and an end to wage and benefit tiers.

The automakers have offered record contracts with pay increases of around 20%, as well as bonuses and other improved benefits.

The strike began on Sept. 15, after the contract between the union and the Big Three expired. It’s the first time the UAW has gone on strike against all three leading U.S. automakers at the same time.

This post appeared first on NBC NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
Fed-up House Republicans united on need for a speaker this week but divided on if they’ll get one
next post
Iceland’s prime minister joins thousands of women on strike

You may also like

From department store to ice rink: How shuttering...

IAC approves spinoff of home improvement marketplace Angi

UAW leadership holds off on new strikes as...

‘Would you like to upgrade?’ Travel brands want...

ESPN, Fox and Warner Bros. Discovery to launch...

Forever 21 seeks rent concessions as fast-fashion brand...

Chick-fil-A asks customers to throw out Polynesian sauce...

Buffett’s Berkshire Hathaway hits $1 trillion market value,...

‘Kill us or send us home’: Amazon workers...

More than 1,400 U.S. flights have been canceled,...

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Crypto Market Recap: Bitcoin Breaks US$100,000 as ETF Inflows Rise, Coinbase Makes...

    • 7 Copper ETFs and ETNs

    • Trump’s tax hike proposal is ‘déjà vu’ of George H. W. Bush’s ‘read my lips’ moment, experts say

    • Pope Francis-era deal with Chinese Communist Party again under scrutiny as Pope Leo takes the reins

    • Diver dies in preliminary operations to recover tech tycoon’s sunken superyacht

    Categories

    • Business (1,632)
    • Investing (4,784)
    • Politics (7,554)
    • Uncategorized (2)
    • World (6,138)
    • About us
    • Contacts
    • Privacy Policy
    • Terms & Conditions
    • Email Whitelisting

    Disclaimer: toppricemarket.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 toppricemarket.com | All Rights Reserved


    Back To Top