Posts tagged stock
Some Tesla workers say they’d never join a union, even as Ford and GM workers get big raises
November 7, 2023 // The United Auto Workers might have set its sights on Tesla, but some workers at the EV company told Insider they'd be hard-pressed to join a union. After reaching tentative agreements with Detroit automakers, the union's president, Shawn Fain, said last week that the UAW aims to expand its reach. And what better target than the most valuable car company in the world?
‘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.
Opinion: Bernie Sanders to Big 3 CEOs: “It is time for you to end your greed.”
September 19, 2023 // Bernie Sanders: "the average American worker is worse off today than he or she was 50 years ago."
Looming auto strike puts Biden’s labor loyalty to the test
September 1, 2023 // On Monday, the Treasury Department sent a love letter to unions in the form of a new report, arguing that unions are central to the U.S. middle class. “The Biden-Harris Administration recognizes the benefits of unions to the middle class and the broader economy and is committed to fulfilling the policy objectives of the [National Labor Relations Act],” the report said. While unions are seeing a surge in popularity in the U.S., organized labor has been in long-term decline, with union participation rates falling by half since they first started being measured in the early 1980s.
Elon Musk takes jab at UAW over $2M embezzlement scandal, says Tesla made some of its workers millionaires
March 29, 2022 // Reacting to the news, Musk quipped that UAW’s slogan ought to be: "Fighting for the right to embezzle money from autoworkers." He added that the UAW stole millions from workers, whereas Tesla has made many of its workers millionaires through stock grants.