Around 13,000 auto workers went on strike on Friday (September 15) following the breakdown of negotiations over better pay raises and benefits between the United Auto Workers (UAW) union and the three large US automakers — General Motors, Ford Motor and Stellantis, the parent of Chrysler, Jeep and Ram. Moreover, UAW workers hired after 2007 don’t get defined-benefit pensions. The ‘Big Three’, as GM, Ford, and Stellantis are known as, have recorded massive profits in the past 10 years. In the first half of 2023, Stellantis, Ford and GM reported profits of $11.6 billion, $3.7 billion and $5 billion, respectively, The New York Times said. AdvertisementBut he has also warned that if the automakers continue to negotiate in “bad faith or continue to stall or continue to give us insulting offers”, then the strike will expand.

Source: Indian Express September 16, 2023 17:56 UTC