Posts tagged Dennis William
EXCLUSIVE: Congress Asks Union About Blunder That Reportedly Sent About $80 Million Down The Toilet
September 16, 2025 // United Auto Workers (UAW) has not disclosed what happened to $340 million it used to cover strike costs in 2023 while promising to reinvest the funds, the House Education and Workforce Committee told the union in a letter scheduled to be sent Thursday. The committee is requesting documents and information on the alleged blunder, which angry UAW officials claimed cost an estimated $80 million in potential gains, according to a Reuters report cited in the letter. Failing to reinvest the funds may have violated UAW’s fiduciary duty under the Labor-Management Reporting and Disclosure Act (LMRDA), ushered in higher dues, led to lesser strike benefits for members and made them miss out on stock market surges that followed President Donald Trump’s reelection in November, according to the letter.