Big 3 Automakers Brace for Nightmarish Consequences as UAW Strike Looms. Here Are All The Details
  • 8 months ago
Analysts warn that a UAW strike against Detroit's Big 3 automakers Ford, GM, and Stellantis could be a "nightmare scenario" for the companies. Ninety-seven percent of the 146,000 UAW union members at the companies have voted to authorize a strike if a new contract agreement is not reached by September 14th. The UAW is pushing for a 46% raise, a 32-hour work week, and the return of traditional pensions. The automakers are highly profitable currently due to high vehicle prices, but the UAW argues this justifies paying workers more in their new contracts. If about a 40% wage increase is approved, it could force Ford, GM, and Stellantis to raise vehicle prices, which may impact sales amid growing EV competition.
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