Posts tagged Hyundai
Ford workers join those at GM in approving contract settlement that ended UAW strikes
November 20, 2023 // The United Auto Workers union overwhelmingly ratified a new contract with Ford, a pact that, along with similar deals with General Motors and Stellantis, will raise pay across the industry, force automakers to absorb higher costs and help reshape the auto business as it shifts away from gasoline-fueled vehicles. Workers at Ford voted 69.3% in favor of the pact, which passed with nearly a 15,000-vote margin in balloting that ended early Saturday. Earlier this week, GM workers narrowly approved a similar contract. At Stellantis, 68.7% of workers favored ratification, an insurmountable lead with votes at only two small facilities left to be counted.
Here’s why the UAW’s record deals with GM, Ford and Stellantis aren’t getting full support
November 16, 2023 // At least three major assembly plants representing 9,730, or 21%, of GM’s 46,000 UAW-represented employees have voted against the pact. They include 61% against at Lansing Delta Township plant in Michigan, which builds Buick and Chevrolet crossovers; 67.5% rejection at a Cadillac and GMC crossover plant in Spring Hill, Tennessee; and 52% opposed at GM’s Flint, Michigan, truck plant. A handful of other smaller plants also have voted against the deal. At Ford, the automaker’s Kentucky Truck Plant — its largest in terms of employment and revenue — had 54.5% of members vote against it. The UAW reached tentative deals with each of the automakers, so each is voted on separately. One or more could fail, while another ratifies. They are not contingent on one another.
Toyota Gives 9% Pay Bump to Most U.S. Auto-Factory Workers, Following UAW Gains in Detroit
November 2, 2023 // The UAW recently concluded a more-than-six-week strike at the Detroit automakers, after reaching proposed contracts at all three car companies for roughly 146,000 U.S. auto workers. Those agreements include a 25% general wage increase over four years, which the UAW says is more than members have received in the past 22 years combined. When cost-of-living adjustments are factored in, the increase would boost the top pay for Detroit Three production workers to about $42 an hour at the end of the contract’s term in 2028. UAW President Shawn Fain has promoted the wins in Detroit as providing momentum to a union that is looking to expand its membership more broadly in the auto industry, a goal that has been elusive in the past. He has signaled that the UAW’s next targets are U.S. factories at Toyota, Tesla and foreign-owned automakers that currently don’t have union-represented workers in the U.S.
Electric vehicle jobs are booming in the anti-union South. UAW is worried
September 22, 2023 // “The auto industry’s move south hangs over these talks because now only a minority of workers are in unionized assembly plants,” said Stephen Silvia, a professor at American University and author of “The UAW’s Southern Gamble: Organizing Workers at Foreign-Owned Vehicle Plants.” While all of the Big Three’s plants are unionized, not a single plant in the South is unionized. Automakers’ transition to electric vehicles is accelerating these regional trends. Ford and GM are building battery plants below the Mason-Dixon Line, where states have laws that make unionization much harder than in the traditional working-class bastions of the Midwest. UAW leaders and union supporters worry the shift will lower compensation and cut out unions from the auto industry’s future, and they are seeking to address these concerns in talks with the Big Three.
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."
Manchin opposes additional EV tax credit tied to unions
November 12, 2021 // West Virginia senator criticizes such pro-union provisions in reconciliation package as ‘not American’