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Indebta > Markets > Stocks > UAW says GM will allow battery plant workers to be covered by labor deal
Stocks

UAW says GM will allow battery plant workers to be covered by labor deal

News Room
Last updated: 2023/10/07 at 12:43 PM
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© Reuters. FILE PHOTO: Striking United Auto Workers members, from the General Motors Lansing Delta Plant, picket on a street corner in Delta Township, Michigan U.S. September 29, 2023. REUTERS/Rebecca Cook/File Photo

(Reuters) – The United Auto Workers (UAW) said on Friday General Motors (NYSE:) will allow workers at joint-venture battery plants to be covered by a labor agreement, removing one of the major sticking points in negotiations.

However, an agreement with the ‘Detroit Three’ automakers remains elusive, UAW President Shawn Fain said on Friday, though he held off on expanding ongoing, coordinated strikes, citing progress in talks.

As the union’s strike enters its 22nd day, here is a timeline of events beginning with the election of Fain in March:

Date Development

March 25 Shawn Fain wins the race for UAW

president; vows to take a tough stance

against the Big Three automakers.

July 10 The union says it will open contract talks

with Detroit’s Big Three automakers starting

July 13.

July 11 Fain says the union is not afraid to hold a

strike at any of the automakers without a

fair contract.

July 19 Fain meets President Joe Biden at the White

House as the union briefed the staff on

contract talks with the automakers.

Aug. 1 The UAW presents demands to Stellantis (NYSE:), says

the union is seeking ambitious benefit

increases from the Detroit Three, including

double-digit pay rises and defined-benefit

pensions for all workers.

Aug. 2 The union presents contract demands to

General Motors

Aug. 3 The union presents contract demands to Ford

Aug. 8 Fain angrily tosses contract proposals from

Stellantis in a trash can, citing numerous

concessions that the Chrysler parent is

seeking in labor talks.

Aug. 25 The UAW says 97% of voting members were in

favor of authorizing a strike at the Detroit

Three if an agreement is not reached before

Sept. 14.

Aug. 31 The union says it has filed unfair labor

practice charges with the National Labor

Relations Board (NLRB) against GM and

Stellantis, saying they have refused to

bargain in good faith.

Aug. 31 Ford makes a contract offer to the UAW,

providing hourly employees with 15%

guaranteed combined wage increases, lumpsum

payments and improved benefits over the life

of the contract

Sept. 1 The NLRB says it will investigate unfair

labor practice charges filed by the UAW union

against GM and Stellantis.

Sept 6 The UAW makes a labor contract

counterproposal on economic issues to Ford

Sept. 7 GM makes counteroffer to the UAW that

includes a 10% wage hike and two additional

3% annual lumpsum payments over four years.

Fain calls the offer “insulting.”

Sept. 8 Stellantis says it offered U.S. hourly

workers a 14.5% wage hike over four years but

no lumpsum payments.

Sept. 8 Fain says the UAW union wants a deal to avoid

walkouts at the Detroit Three, but expects to

go on strike against all of them next week if

they do not improve their contract offers.

Sept. 11 Stellantis says it plans to make a new

counteroffer to the UAW after the union made

its own revised offer on Sunday ahead of the

expiration of the current four-year labor

deal Thursday night.

Sept. 13 The UAW rejected counteroffers from the

automakers and outlined plans for strikes

targeting individual U.S. auto plants in what

would be its first-ever simultaneous strike

against the Detroit Three.

Sept. 15 The UAW launched simultaneous strikes that

will halt production of some popular models

at three factories owned by GM, Ford and

Stellantis.

Sept. 16 Negotiators for the UAW and Ford had

“reasonably productive discussions” toward a

new contract, while officials at Stellantis

said a proposal to resume work at an idled

Illinois factory has fallen through.

Sept. 18 On the fourth day of the strike, UAW said it

would announce on Sept. 22 more plants to

strike if no serious progress was made in

talks, adding to pressure on the Detroit

Three automakers.

Sept. 19 UAW members picketing in Michigan and Ohio

urged union leaders to hold firm on their

biggest demands on pay hikes and compensation

as the strike hits its fifth day.

Sept. 20 UAW said 190 workers went on strike at

Mercedes-supplier ZF’s plant in Alabama,

demanding higher pay and better healthcare

benefits.

Sept. 22 UAW will expand its strikes against GM and

Stellantis, but has made real progress in

talks with Ford Motor (NYSE:), the union said.

Sept 24. Ford said that despite progress in some

areas, it still has “significant gaps to

close” on key economic issues before it can

reach a new labor agreement with the UAW

union.

Sept. 28 The UAW made a new counter-proposal to

Stellantis, just one day before it is set to

strike additional Detroit Three automotive

facilities without serious progress in

ongoing labor negotiations.

Sept. 29 The UAW will walk off the job at an

additional plant at General Motors and at

Ford, said Fain. The new strike will not

extend to Stellantis, which called before the

scheduled 10 a.m. ET announcement to make

significant changes in its contract proposal.

Sept. 29 Ford CEO Jim Farley accused the union of

holding up a new U.S. labor agreement in a

bid to force the automaker to pay workers at

new battery plants the same top wages as

workers at assembly plants.

Oct.2 GM and Ford said they are laying off another

500 workers at four Midwestern plants because

of the impact on some of the facilities of

the UAW strike. Separately, the UAW confirmed

it presented a new contract offer to GM. GM

said it has received the counterproposal “but

significant gaps remain.”

Oct. 3 Ford said it had made a new contract offer to

resolve a 19-day-old targeted strike but said

a dispute over battery plants remained

unresolved. Ford said the new offer boosted

wages for temporary workers, increased

company 401(k) contributions and had further

shrunk time needed to get to the top wage

rate.

Oct. 6 The UAW said GM agreed to put EV battery

plant workers under the union’s “master

agreement,” in response to union threats to

strike at one of its most profitable assembly

plants.

Read the full article here

News Room October 7, 2023 October 7, 2023
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