"Stellantis Cites UAW Strikes for Layoffs Amid Looming Walkouts"

General Motors and Stellantis have announced fresh layoffs, blaming the United Auto Workers (UAW) strike for the damage. The UAW is expected to call for new walkouts unless there is "serious progress" in negotiations with GM, Stellantis, and Ford. The UAW's strategy is to pressure the companies simultaneously, with the most vulnerable one expected to offer the best deal. If there is no progress by Friday, the UAW could target production of popular models, potentially impairing 30% to 40% of the industry's production. The layoffs announced by GM and Stellantis will affect plants in Kansas, Ohio, and Indiana. The UAW is seeking pay raises, restoration of pensions, and a shorter workweek, while the companies are offering lower pay raises and resisting other demands.
Reading Insights
0
10
4 min
vs 5 min read
87%
962 → 123 words
Want the full story? Read the original article
Read on Fortune