UAW Auto Workers Strike Threatens U.S. Auto Industry

1 min read
Source: Fortune
UAW Auto Workers Strike Threatens U.S. Auto Industry
Photo: Fortune
TL;DR Summary

About 146,000 U.S. auto workers are prepared to go on strike this week if General Motors, Ford, and Stellantis fail to meet their demands for significant pay raises and the restoration of concessions made during the financial crisis. The United Auto Workers union is seeking 46% raises over four years, an end to wage tiers, a shorter workweek with full pay, and the representation of workers at electric vehicle battery factories. The automakers have offered pay raises but argue that the demands are too expensive and could lead to higher vehicle prices. A strike could disrupt auto production and impact the economy.

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