{"id":134530,"date":"2023-09-29T17:39:15","date_gmt":"2023-09-29T17:39:15","guid":{"rendered":"https:\/\/fin2me.com\/?p=134530"},"modified":"2023-09-29T17:39:15","modified_gmt":"2023-09-29T17:39:15","slug":"uaw-widens-strike-adds-ford-gives-stellantis-a-break","status":"publish","type":"post","link":"https:\/\/fin2me.com\/business\/uaw-widens-strike-adds-ford-gives-stellantis-a-break\/","title":{"rendered":"UAW Widens Strike, Adds Ford, Gives Stellantis a Break"},"content":{"rendered":"<p>In a Friday morning announcement, United Auto Workers union President Shawn Fain announced that a total of 7,000 more UAW members will strike Ford Motor Co. (NYSE: F) and General Motors Co. (NYSE: GM) assembly plants in Chicago and Lansing, Michigan, respectively, beginning at noon ET Friday. Workers at the Lansing stamping plant were not affected. (These American industries have the highest union membership.)<\/p>\n<p>Fain first apologized for being late to begin the meeting, offering the comment that a \u201csignificant flurry\u201d of activity occurred just before the scheduled 10 a.m. ET starting time. It turns out that Stellantis N.V. (NYSE: STLA) had come in at the last minute with new positions on the union\u2019s demand for adjustments to the cost of living allowance and other points at issue in the negotiations.<\/p>\n<p>Apparently, neither Ford nor GM\u200c made any meaningful progress in negotiations with the union. Fain gave no specific reasons for the new labor actions at the two companies\u2019 plants.<\/p>\n<section id=\"email-subscribe\" class=\"section section-email-sub single-email-sub\">\n<p>\t\t\t\t<svg style=\"\" class=\"\" viewbox=\"0 0 439 350\">\n\t\t\t<\/path>\n\t\t<\/svg><br \/>\n\t\t\t\t<!-- div.svg-icon --><\/p>\n<p>\t\t\t\t\t\tGet Our Free Investment Newsletter<\/p>\n<form id=\"newsletter-subscribe-homepage\" class=\"field has-addons\" method=\"post\" target=\"blank\" action=\"https:\/\/www.aweber.com\/scripts\/addlead.pl\">\t\t\t\t<input type=\"hidden\" name=\"listname\" value=\"awlist5277011\">\t\t\t\t<input type=\"hidden\" name=\"custom form name\" value=\"below-post-email-form\">\t\t\t\t<input type=\"hidden\" name=\"meta_message\" value=\"1\">\t\t\t\t<input type=\"hidden\" name=\"meta_required\" value=\"email\">\t\t\t\t<input type=\"hidden\" name=\"meta_forward_vars\" value=\"1\">\t\t\t\t<span>\t\tI have read, and agree to the \t\t\t\tTerms of Use<br \/>\n\t\t\t\t<input type=\"checkbox\" name=\"terms\" required=\"1\" style=\"height: auto !important;\">\t\t\t\t<\/span><br \/>\n\t\t\t\t<input type=\"text\" name=\"email\" value=\"\" placeholder=\"Your Email Address\" id=\"recipient_email_homepage\" class=\"recipient_email input\" style=\"height: 45px;\">\t\t\t\t<input type=\"submit\" name=\"submit\" value=\"Subscribe\" id=\"new_subscribe_button\" class=\"subscribe button js-onclick-new-subscibe\" style=\"height: 45px;\">\t\t\t\t<\/form>\n<\/section>\n<p>\nLast Friday, 5,600 UAW members walked off their jobs at GM and Stellantis parts distribution centers, joining nearly 13,000 workers who went on strike two weeks ago at one assembly plant owned by each of the Detroit Three automakers. The addition of 7,000 strikers at noon brings the total number of UAW members who have walked out to more than 25,000. UAW membership totals about 150,000 across the country.<\/p>\n<p>\nGM shares \u200cdipped by about 0.6% after Fain\u2019s announcement, and Ford\u2019s stock fell by about 0.3%. Stellantis stock traded up about 0.2%.<\/p>\n<p><b>Sponsored: Find a Qualified Financial Advisor<\/b><\/p>\n<p>Finding a qualified financial advisor doesn\u2019t have to be hard.  SmartAsset\u2019s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you\u2019re ready to be matched with local advisors that can help you achieve your financial goals, get started now.<\/p>\n<p>Source: <a href=\"https:\/\/247wallst.com\/autos\/2023\/09\/29\/uaw-widens-strike-adds-ford-gives-stellantis-a-break\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a Friday morning announcement, United Auto Workers union President Shawn Fain announced that a total of 7,000 more UAW members will strike Ford Motor [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":134529,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>UAW Widens Strike, Adds Ford, Gives Stellantis a Break - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/business\/uaw-widens-strike-adds-ford-gives-stellantis-a-break\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UAW Widens Strike, Adds Ford, Gives Stellantis a Break - 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