Tag: UAW

  • UAW Strike Costs Stellantis $3.2B in Revenue, $800M in Profits

    In a significant development that reverberated across the automotive industry, Stellantis reported staggering financial losses in the wake of a 44-day strike involving 46,000 U.S. auto workers (UAW). The toll on the company amounted to a remarkable $3.2 billion in lost revenue representing a 5% decrease in Stellantis’ total revenue for the July-to-September period and…

  • UAW enters in a tentative contract with Ford, securing historic Pay Hikes and Benefits for Workers

    In a groundbreaking development that could reshape the landscape of labor agreements in the auto industry, the United Automobile Workers (U.A.W.) and Ford Motor have forged a tentative four-year contract. This monumental deal, set for approval by the union members, not only promises substantial pay hikes but also major advancements in pension schemes and job…

  • Ford Layoffs Increased at Two Plants, but UAW President Hints at Strike End

    In a prolonged standoff that’s been making headlines for over a month now, the United Auto Workers (UAW) are embroiled in a strike against the automotive giants, known collectively as the Big Three – Ford, General Motors (GM), and Stellantis. The ramifications of this labor conflict are reverberating throughout the industry, causing a cascade of…