The UAW strike is costing the automotive industry billions of dollars, but negotiations may have turned a corner.
United Auto Workers President Shawn Fain is scheduled to give an update Friday on the union's labor contract negotiations with Detroit's Big Three. Fain could call for additional strikes at Ford, General Motors and Stellantis or he could announce that progress has been made and halt the work stoppages. The union has so far limited the strike to about 25,000 workers at five vehicle assembly plants and 38 parts warehouses.
The company said it is 'being prudent in the face of uncertainty.' GM also said it estimates the strike will cost the company about $200 million in lost production in the third quarter.The most recent offer from Stellantis also includes a 20% wage increase through 2027 for full-time employees, and a 6% company match for retirement contributions. When it beganThe UAW launched a coordinated strike last month when nearly 13,000 autoworkers walked off the job in Michigan, Missouri and Ohio.
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