Impending UAW Strike Threatens US Car Makers
The United Auto Workers (UAW) union, representing around 146,000 U.S. auto workers, is 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 companies' financial struggles. The union is seeking 46% raises over four years, an end to wage tiers, a shorter workweek with full pay, the return of traditional pensions, and representation at electric vehicle battery factories. The automakers argue that the demands are too expensive and could lead to higher vehicle prices. A strike would disrupt auto production and have economic consequences for both workers and companies.