An knowledgeable clarifies what’s at stake for the United Automobile Workers, or UAW, of their contract negotiations with automakers.
This negotiation with Ford, General Motors, and Stellantis comes on the heels of a management change within the UAW union. UAW President Shawn Fain was elected in March 2023 and has introduced a extra aggressive method to negotiations with the Big Three home automakers.
“Deutsche Bank estimates {that a} strike would value every affected automaker about $400 million to $500 million per week of manufacturing.”
Peter Berg, a professor of employment relations and director of the School of Human Resources and Labor Relations in Michigan State University’s College of Social Science, gives perception on the place the negotiations at the moment stand. Berg shares the implications of what an settlement, or failure to succeed in an settlement, by the September 14 deadline might imply:
Source Michigan State University
