Finance
UAW strikes at GM, Ford, Stellantis plants after no new contract reached
The United Auto Workers union went on strike at three plants owned by the Big Three automakers – General Motors, Ford and Stellantis – after the two sides did not reach a new labor deal on Thursday night.
The workers are striking at a GM plant in Wentzville, Missouri; a Stellantis plant in Toledo, Ohio; and a Ford plant in Wayne, Michigan. Plants that were not called upon to strike will work without a contract, UAW President Shawn Fain said.
“The UAW Stand Up Strike begins at all three of the Big Three,” the union said in a post on X, formerly known as Twitter, shortly after midnight on Friday.
LOOMING UAW STRIKE COULD COST US ECONOMY MORE THAN $5B IN JUST 10 DAYS
Fain says this strategy will keep the automotive corporations guessing, with leadership determining further strikes.
UAW workers will hold a rally on Friday at 4 p.m. ET.
The main point of contention between the two sides is higher pay, with Fain saying the union is seeking a more than 40% general pay raise for rank-and-file members over four years.
FORD, GM, STELLANTIS DEALERSHIP BRACE FOR POTENTIAL UAW STRIKE
Full-time assembly plant workers at Ford and GM earn $32.32 an hour, while part-timers currently make about $17 an hour. Full-time employees at Stellantis earn $31.77 an hour, and part-time workers earn close to $16 an hour.
The union is also pushing for making all temporary workers at the automakers permanent, cost-of-living adjustments, increases in pension benefits for current retirees and restoring pensions for new hires, among other benefits.
Ticker | Security | Last | Change | Change % |
---|---|---|---|---|
GM | GENERAL MOTORS CO. | 33.66 | 0.00 | 0.00% |
F | FORD MOTOR CO. | 12.62 | -0.02 | -0.16% |
STLA | STELLANTIS NV | 18.84 | -0.11 | -0.58% |
Fain has called the demands the “most audacious and ambitious list of proposals they’ve seen in decades.”
FOX Business’ Megan Henney contributed to this report.
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