Posts tagged GM
How the UAW’s drive to ‘end tiers’ will change GM
November 5, 2023 // GM, Ford and Stellantis, which faced a coordinated UAW strike, have said tiers of workers allows them to keep costs down and remain competitive with non-union factories operated by Tesla and foreign makers' U.S. plants, and the Detroit Three have warned that the strike-ending deals present major financial challenges. Eliminating tiers of lower-paid UAW workers at the Detroit Three was a top priority for Fain and UAW bargainers. Fain and UAW members would often wear red t-shirts printed with the slogan "End Tiers" at rallies and on picket lines.
‘Battle royale’: Tesla and anti-union Musk make enticing targets for UAW’s next push
November 5, 2023 // Some current UAW members are already fired up to take on Tesla. “Go out west to California? Absolutely, I would go,” said John Jake Kincaid, a Stellantis employee in Michigan. “Show them our strength.” Still, fighting for a contract at companies with established relationships with union workers is a far different effort than starting from scratch. Several workers who were key to Tesla’s earlier union effort are no longer at the company. The Fremont plant’s history with the UAW predates the electric vehicle maker. For about 25 years, Toyota and GM operated the facility together in an unusual joint venture. It was a union shop. In 2009, GM pulled out of the partnership as part of its bankruptcy proceedings and in 2010 Toyota shut the operation down, throwing 4,700 people out of work. A month later, Tesla bought the sprawling 5.3 million square foot factory; the union didn’t come with the purchase.
UAW strike epilogue: Big Three will continue to shrink
November 1, 2023 // Losing auto worker members, ironically, won’t be that bad for UAW. Only 146,000 of its current 400,000 members work in the auto industry. The UAW has branched out into all sorts of other areas, such as organizing teaching assistants at colleges and universities. There’s no law that says a union’s name must accurately reflect its membership. So, the UAW will survive if its new contract causes it to lose auto workers, though it may eventually have to remove “auto” from its name. It’ll suck for those members though.
UAW Urges All Unions in US to Prepare for May Day 2028 Strikes
October 31, 2023 // The UAW’s social media accounts expanded the call by reposting other organizers’ social media calls to align more labor agreements to end alongside the UAW’s contract. Mass strikes are a common occurrence in Europe. Just this year, more than one million French people struck to protest the government’s proposal to raise the retirement age. Hundreds of thousands of public service workers in the UK — including rail workers, nurses, postal employees and lawyers — struck for higher wages in the face of soaring inflation. In March, German air and rail workers banded together to bring travel to a halt as they demanded more pay.
Bad vibes are sending shudders through Tesla, GM and Ford
October 30, 2023 // EV-specific factors include higher average costs than gas-powered models and many consumers lack of familiarity with the tech. "I see EV sales plateauing and even falling over the next 6 months," Brauer predicts. Threat level: "Investors have been too optimistic about EV demand growth . . . slowing demand growth is coming sooner than expected, especially in the high-end EV market," said Lee Hang-koo of Korea Automotive Technology Institute tells the Financial Times.
GM reaches tentative deal with UAW, ending strikes at Detroit automakers after six weeks
October 30, 2023 // It’s not immediately clear how much the labor deals will increase labor costs for the companies, which had argued that giving in to all of the union’s demands would affect their competitiveness and even long-term viability. Deutsche Bank recently estimated the overall cost increase of the agreement at Ford to be $6.2 billion over the term of the agreement; $7.2 billion at GM; and $6.4 billion at Stellantis.
Commentary: Ford-UAW deal: Declare victory and go home
October 26, 2023 // The Ford Motor Company and the UAW struck a deal Tuesday for a 25 percent increase in the union members pay. It was only marginally higher than the 23 percent offer that had been on the table for weeks and far short of the 40 percent than the union had originally wanted. That’s not to say that 25 percent isn’t a significant increase for those workers but they likely could have had it a weeks ago. The union held out for much more until it was apparent that management wasn’t going to be that generous. Still, it was a win for new UAW President Shawn Fain, who got what he wanted. He got lots of media coverage of him leading a strike where he got to talk tough and make bold promises. But he did this without actually straining the union’s strike fund too much, because most workers weren’t striking.
UAW and Ford reach tentative deal to end strike
October 26, 2023 // The Ford deal includes the biggest contract wins the UAW has secured in years, including a 25 percent hike in base wages through April 2028, the union said. The agreement provides cost-of-living adjustments to wages that will help raise the top hourly wage by over 30 percent to more than $40 by the end of the contract, union officials said. The starting hourly wage will grow to more than $28. The deal also shortens the time it takes new workers to reach the top wage, and eliminates wage tiers that left newer workers on a lower pay scale, the UAW said. It also boosts Ford’s contribution to retirement accounts.
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.
Texas SUV plant added to UAW strike
October 24, 2023 // Some 5,000 workers at GM's plant in Arlington, Texas, joined the strike Tuesday. That halts production on several large SUVs: the Chevrolet Tahoe, Chevrolet Suburban, GMC Yukon and Cadillac Escalade. It's the second straight day the union has expanded the strike. On Monday it added Stellantis' Ram 1500 pickup plant in Sterling Heights, Michigan, to the work stoppage. Context: It also comes the same day as GM released its third-quarter earnings report. The company reported a third-quarter profit of $3.1 billion but said the strike has already cost the company $800 million, including $600 million since the earnings period ended.