The United Auto Workers union is on strike against General Motors, Ford and Stellantis, the first time in its history that it has struck all three of the nation’s unionized automakers at the same time.
With all three automakers reporting record or near-record profits, the union was trying to recapture many benefits they had been forced to give up more than a decade ago when the companies were cash starved and on the brink of bankruptcy.
We are disappointed by the UAW leadership’s actions, despite the unprecedented economic package GM put on the table, including historic wage increases and manufacturing commitments,” the statement read.
“We will continue to bargain in good faith with the union to reach an agreement as quickly as possible for the benefit of our team members, customers, suppliers and communities across the US,” GM said.
The UAW retweeted a video on X, the platform formerly known as Twitter, that appeared to show workers walking out of a plant to cheers from people waving signs and wearing red union shirts, just after midnight.
The union argued that because of inflation real wages have fallen in recent years, even as the companies posted record or near-record profits, automakers’ CEO pay climbed up to 40%, and car prices soared to all-time highs.
And now the union is concerned that the automakers’ plans to invest tens of billions of dollars each to convert from traditional gasoline-powered cars to a lineup of all electric vehicles will cost them more jobs in the future.
The original article contains 1,371 words, the summary contains 217 words. Saved 84%. I’m a bot and I’m open source!
This is the best summary I could come up with:
With all three automakers reporting record or near-record profits, the union was trying to recapture many benefits they had been forced to give up more than a decade ago when the companies were cash starved and on the brink of bankruptcy.
We are disappointed by the UAW leadership’s actions, despite the unprecedented economic package GM put on the table, including historic wage increases and manufacturing commitments,” the statement read.
“We will continue to bargain in good faith with the union to reach an agreement as quickly as possible for the benefit of our team members, customers, suppliers and communities across the US,” GM said.
The UAW retweeted a video on X, the platform formerly known as Twitter, that appeared to show workers walking out of a plant to cheers from people waving signs and wearing red union shirts, just after midnight.
The union argued that because of inflation real wages have fallen in recent years, even as the companies posted record or near-record profits, automakers’ CEO pay climbed up to 40%, and car prices soared to all-time highs.
And now the union is concerned that the automakers’ plans to invest tens of billions of dollars each to convert from traditional gasoline-powered cars to a lineup of all electric vehicles will cost them more jobs in the future.
The original article contains 1,371 words, the summary contains 217 words. Saved 84%. I’m a bot and I’m open source!