US: United Auto Workers union target ‘Detroit Three’ with first simultaneous strike | Oneindia News
The United Auto Workers union launched simultaneous strikes at three factories owned by General Motors, Ford and Chrysler owner Stellantis on Friday. As per reports, the strikes kicked off the most ambitious US industrial labour action in decades. Reports said that the walkouts at the ‘Detroit Three’ will halt production of the Ford Bronco, Jeep Wrangler and Chevrolet Colorado pickup truck, along with other popular models.
#DetroitStrike #UAWStrike #ShawnFain #USAutoWorkers #USNews #WorldNews
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#DetroitStrike #UAWStrike #ShawnFain #USAutoWorkers #USNews #WorldNews
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00:00 The United Auto Workers Union launched simultaneous strikes at three factories owned by General
00:15 Motors, Ford and Chrysler owners Delantis on Friday.
00:19 As per reports, the strikes kicked off the most ambitious U.S. industrial labor action
00:24 in decades.
00:26 Reports said that the walkouts at the Detroit 3 will halt production of the Ford Bronco,
00:30 Jeep Wrangler and Chevrolet Colorado pickup truck, along with other popular models.
00:36 UAW President Sean Fain said that for the first time in their history, the union will
00:41 strike all three of the big three.
00:43 He added that the union will hold off more costly company-wide strikes for now, but all
00:48 options are open if new contracts are not agreed.
00:52 Fain laid out plans for the walkouts on Facebook Live less than two hours before the expiration
00:57 of the old contract.
00:59 The walkouts capped weeks of clashes between Fain and Detroit 3 executives over union demands
01:04 for a bigger share of profits generated by combustion trucks and stronger job security
01:10 as automakers shift to electric vehicles.
01:12 The standoff has become a political issue, with President Joe Biden calling for a deal.
01:17 As per reports, the strike will involve a combined 12,700 workers.
01:22 They will take place at assembly plants operated by Ford in Wayne, Michigan; General Motors
01:27 in Wentzville, Missouri; and Stellantis' Jeep brand in Toledo, Ohio.
01:33 They are critical to the production of some of the automakers' most profitable vehicles.
01:37 Fain's decision to go with targeted walkouts could limit the cost to the union of strike
01:42 pay.
01:43 The UAW has an $825 million strike fund, which is apparently very little in comparison to
01:49 billions in liquidity the automakers have built up as a result of robust profits from
01:53 the trucks and SUVs UAW members build.
01:57 According to reports, Stellantis has more than 90 days' worth of Jeeps in stock and
02:01 has been building SUVs and trucks on overtime.
02:04 But based on data from Stellantis' financial reports, a week-long shutdown at its Jeep
02:09 plant in Toledo could cut revenue by more than $380 million.
02:14 Stellantis' shares fell more than 1 percent in early trading.
02:17 In Michigan's Wayne, hundreds of people, including autoworkers on the night shift and
02:21 their supporters, gathered at a Ford assembly plant as the strike began.
02:25 The union has said that it wants a 40 percent raise.
02:29 The companies have offered up to 20 percent, but without key benefits demanded by the union.
02:34 Reports said that the UAW's latest proposals would double its U.S. labor costs and make
02:39 it uncompetitive against Tesla and other non-union rivals.
02:44 Stellantis said that it had immediately gone into contingency mode and would take all appropriate
02:48 structural decisions to protect the company and its North American operations.
02:53 GM said that it was disappointed by the walkout and would continue to bargain in good faith.
03:14 (upbeat music)