Posts tagged auto industry
Anderson Economic Group, LLC Reports Strike-Induced Auto Industry Losses Exceed $9.3 Billion
October 26, 2023 // Anderson Economic Group, LLC, a boutique economic consultancy based in Michigan, has calculated that the 2023 UAW strike against Detroit’s three top automakers has surpassed $9.3 billion in economic losses for the auto industry. These calculations encompass losses through the fifth full strike week, which ended at midnight on October 19. These figures do not include plant closures, additional strike targets, or layoffs that took effect on or after Friday, October 19. These will be included in our loss calculations in the sixth and any successive weeks. OEM stands for Original Equipment Manufacturer, in this case referring to Ford, GM, and Stellantis.
UAW members aren’t all assembling cars. More and more are unionized grad students
October 23, 2023 // These days, the "A" in UAW might as well include academia, as roughly 100,000 of the union's 383,000 members work in higher education. They include graduate students who work as teaching and research assistants, clerical and technical workers, adjunct professors and postdocs.
The Future of Electric Vehicles Looms Over Negotiations in the US Autoworkers Strike
October 12, 2023 // So far, neither Ford nor Stellantis has agreed to the change, which would pull employees at all 10 U.S. battery factories proposed by Detroit automakers into national contracts with the UAW, all but assuring they'll be unionized. Fain also wants workers at the plants to make top UAW assembly plant wages, which now are $32 per hour. With the UAW strike now in its fourth week, EVs and their potential impact on job security have become central to union negotiations with the automakers. Contract talks are likely to determine whether those plants — mostly joint ventures with South Korean battery companies — are union, which may have long-lasting consequences as the auto industry transforms itself.
UAW strike 2023 against Detroit automakers: Live updates, news from the picket sites
September 15, 2023 //
Who’s on strike and who’s close? Labor unions are flexing
August 8, 2023 // Recent decades suggest there won’t be a strike at more than one at once. UAW (United Auto Workers) typically picks one “target” at which to focus negotiations and possibly strike and then demand that the other two unionized automakers agree to the same “pattern” deal. That one really has the chance to hurt the Democrats since the union is very upset about the auto industry plans to shift to EVs (electric vehicles). They see EVs as a jobs killer because of so many fewer parts – it takes about one-third fewer jobs to build an EV than an internal combustion engine (ICE) car. And many of the EV jobs are at battery plants being built nationwide right now, but which are joint ventures between the automakers and foreign battery companies, and thus not guaranteed to be unionized. Even if those battery plants end up with a union, it’s not clear the joint venture will agree to UAW-level wages. The one UAW-represented plant in Ohio pays roughly half of what workers are paid at an engine or transmission plant owned by one of the Big Three (US automakers) and represented by the UAW.
Prominent auto analyst on UAW contract talks: ‘I think we’re going to see a strike’
June 22, 2023 // Auto analysts at Bank of America feel confident in the likelihood of a United Auto Workers strike of at least one of the Detroit automakers later this year — and they expect the union to secure wage and benefit improvements that result in 25% to 30% higher labor costs for the companies over the four years of the contract. That's according to comments made Wednesday by John Murphy, managing director and lead U.S. auto analyst in equity research at Bank of America, during the financial institution's annual "Car Wars" presentation. The event was hosted by the Automotive Press Association. John Murphy, managing director and lead U.S. auto analyst in equity research at Bank of America, expects UAW members to be on the picket lines this September against at least one of the Detroit Three automakers. “I think we’re going to see a strike on Sept. 15," said Murphy. The UAW's current contracts with Ford Motor Co., General Motors Co. and Stellantis NV expire Sept. 14. Talks on a new agreement are slated to start this summer. Murphy said he's highly confident in at least one strike happening, and that the chances of a subsequent strike at one of the other automakers is "much higher than normal."
President Biden Sides Against Union Rank-and-File
April 18, 2022 // Of course, siding against workers is not the best look politically. Neither is shutting down transparency. The Biden Administration understandably rolled back the transparency regulation very quietly. Biden’s Labor Department killed the rule without fanfare on December 30 — the day before the New Year’s Eve holiday, when most union members and the press enjoyed Christmas vacations.
UAW president: Membership fell roughly 6% last year
April 4, 2022 //
Young workers give unions new hope
February 15, 2022 // Multiple polls show union approval is high __ and growing __ among the youngest workers. And U.S. union membership levels are even ticking upward for workers between 25 and 34, even as they decline among other age groups.