{"id":4833,"date":"2023-10-24T02:35:00","date_gmt":"2023-10-24T02:35:00","guid":{"rendered":"https:\/\/inbudgetalerts.com\/investment\/uaw-strike-expands-to-stellantis-ram-truck-factory\/"},"modified":"2023-10-24T02:35:01","modified_gmt":"2023-10-24T02:35:01","slug":"uaw-strike-expands-to-stellantis-ram-truck-factory","status":"publish","type":"post","link":"https:\/\/inbudgetalerts.com\/?p=4833","title":{"rendered":"UAW strike expands to Stellantis Ram truck factory"},"content":{"rendered":"
\n

The United Auto Workers said Monday it has called workers to strike at a Ram 1500 pickup-truck factory that the union called the \u201clargest and biggest moneymaker\u201d for Stellantis NV.<\/p>\n

Some 6,800 UAW members at the Stellantis
\n STLA,
\n +0.32%<\/bg-quote>
\n plant in Sterling Heights, Mich., are on strike, the union said. <\/p>\n

\n

It\u2019s the second time the UAW has called for strikes at a factory making highly profitable and desirable pickup trucks. Earlier this month, the union called for a strike at a Ford Motor Co.
\n F,
\n -1.37%<\/bg-quote>
\n pickup-truck plant in Kentucky.<\/p>\n

Stellantis said it was \u201coutraged\u201d about the strike expansion into its Sterling Heights plant. <\/p>\n

The company had a \u201cnew, improved\u201d offer on the table last week but hasn\u2019t received a counterproposal from the UAW, it said. Stellantis\u2019s proposal called for raises of around 23% over the four-year contract, the company said. <\/p>\n

\u201cOur very strong offer would address member demands and provide immediate financial gains for our employees,\u201d the carmaker said. \u201cThe UAW\u2019s continued disturbing strategy of \u2018wounding\u2019 all the Detroit 3 will have long-lasting consequences.\u201d<\/p>\n

The union, for its part, said that Stellantis \u201clags behind both Ford and General Motors
\n GM,
\n -1.48%<\/bg-quote>
\n in addressing the demands of their UAW workforce,\u201d despite having \u201cthe highest revenue, the highest profits (North American and global), the highest profit margins, and the most cash in reserve.\u201d <\/p>\n

See also:<\/strong> GM delays Orion EV plant by one year to \u2018better manage\u2019 investment and EV demand<\/p>\n

The walkout at the Sterling Heights factory brings the total number of UAW members on strike at the Big Three automakers to more than 40,000 and comes as the strike nears the six-week mark.<\/p>\n

The strike started at the stroke of midnight on Sept. 14, as the contract expiration came and went without an agreement. <\/p>\n

The union has broken with its longstanding tradition of striking at one carmaker at a time. It started off by calling for strikes at one plant each of all three automakers. The strike has since grown to include seven assembly plants and 38 parts-distribution centers in 22 states, the union said. <\/p>\n

Updating the union membership on Friday, UAW President Shawn Fain stopped short of announcing which plants the union will strike at next and said there had been \u201cserious movement\u201d in the negotiations.<\/p>\n

They were at the \u201chardest part of a strike,\u201d Fain said, adding: \u201cRight before a deal is when there\u2019s the most aggressive push for that last mile.\u201d <\/p>\n

Shares of Stellantis trading in New York rose 1.6% in midday trading Monday. The stock also trades on European stock exchanges. Shares of Ford and General Motors fell 1.1% and 0.5%, respectively. <\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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