The Investment Whisperer
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

The Investment Whisperer

Business

Thousands of autoworkers at Toyota and Honda move to unionize after UAW victory over the Big Three

by admin November 30, 2023
November 30, 2023
Thousands of autoworkers at Toyota and Honda move to unionize after UAW victory over the Big Three

The United Auto Workers union said Wednesday it is trying to unionize employees at 13 companies that build cars in the U.S.

The union said the simultaneous push covers BMW, Honda, Hyundai, Lucid, Mazda, Mercedes-Benz, Nissan, Rivian, Subaru, Tesla, Toyota, Volkswagen and Volvo. Forming unions at all of those companies would add 150,000 members to the UAW, according to the union. That would roughly double its size.

The UAW’s members ratified new contracts with Ford, General, Motors and Stellantis, the parent company of Fiat Chrysler, early last week. Those contracts will increase members’ pay by 25% over four years, and they come with improved benefits, such as cost-of-living adjustments, faster paths to greater wages and increased retirement contributions.

The autoworkers union has long had its sights on other carmakers beyond Detroit’s Big Three, and those companies are aware of that fact. Toyota gave raises to its workers shortly after the UAW announced its new contracts with the Big Three, and several other companies reportedly did the same. That was most likely intended to sap some momentum from future union drives.

The launch of the union drive is in keeping with the dramatic style the UAW adopted under its new president, Shawn Fain. On Sept. 15, the UAW went on strike against Ford, GM and Stellantis simultaneously for the first time. A combined 13,000 people walked off the job at three facilities, and more slowly went on strike over the subsequent six weeks.

The union called it a ‘Stand Up Strike’ in a nod to a historic UAW campaign. And Fain often criticized ‘corporate greed’ and the billionaire class and spoke of greater power for workers around the world, themes that went beyond the UAW’s dispute with the Big Three.

‘You don’t have to live paycheck to paycheck. You don’t have to worry about how you’re going to pay your rent or feed your family while the company makes billions,’ Fain told employees of those companies in a statement.

The UAW’s new contract will expire on April 30, 2028, and Fain has publicly been encouraging unions in other industries to set their contracts to end at that time, as well. That would set the stage for a larger general strike on May 1 of that year, a date long associated with the organized labor movement.

This post appeared first on NBC NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
Opponents vow ‘beginning of the end’ for Myanmar’s junta as resistance launches nationwide offensive
next post
Appia Announces Corrected Target IV Total Area

Related Posts

Amazon Prime Video viewers will have to pay...

December 29, 2023

TGI Fridays operator files for Chapter 11 bankruptcy...

November 5, 2024

Harris to propose federal ban on ‘corporate price-gouging’...

August 16, 2024

Economic uncertainty reigns as the grip of inflation...

April 11, 2024

Labor groups begin to unite behind Harris’ campaign...

July 25, 2024

Starbucks is reeling as customers go elsewhere, sales...

August 1, 2024

Infrastructure money is helping airports add toilets, gates...

March 27, 2024

Millions of college students in limbo after aid...

February 1, 2024

Social Security Administration will no longer count food...

March 30, 2024

NFL hit with $4.8 billion in damages over...

June 29, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (1,361)
    • Investing (3,228)
    • Politics (4,371)
    • World (4,306)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: TheInvestmentWhisperer.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 TheInvestmentWhisperer.com | All Rights Reserved