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  • Writer's pictureBy The Financial District

UAW Inches Closer To Strike At Big Three

The United Auto Workers (UAW) union in the United States is inching closer to a potential strike at major automakers, including General Motors, Stellantis, and Ford, as contract negotiations reach a critical juncture.

The possibility of a strike looms large, involving approximately 146,000 UAW members. I Photo: UAW International Union Facebook

The UAW has put forth audacious demands, including a 46% pay raise, a 32-hour workweek with 40 hours of pay, and the restoration of traditional pensions.

However, the automakers, which have been recording substantial profits, have rejected the UAW's proposals, deeming them unrealistic in a highly competitive market where electric vehicle manufacturers like Tesla pose a significant challenge.

As the world transitions from internal combustion engines to electric vehicles, these demands have raised tensions in the negotiations.

The possibility of a strike looms large, involving approximately 146,000 UAW members. This situation occurs amid a broader trend of increased union activism and strike actions in various sectors across the United States.

All the news: Business man in suit and tie smiling and reading a newspaper near the financial district.

The UAW president, Shawn Fain, has stated that if a fair contract is not reached, action will be taken "by any means necessary."

The negotiations between the UAW and the Detroit automakers are portrayed as a battle between billionaire corporate interests and the rights of middle-class workers. The automakers have been consistently profitable, collectively generating $164 billion in net income over the past decade, with $20 billion recorded in the current year.

Business: Business men in suite and tie in a work meeting in the office located in the financial district.

The CEOs of these companies receive multimillion-dollar annual compensation packages.

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