logo
Plus   Neg
Share
Email

UAW Calls Strike Against General Motors: CNBC

The United Auto Workers union reportedly plans to go on strike against auto giant General Motors Co. (GM) after both the parties failed to reach a tentative deal before a Saturday deadline.

According to CNBC, the strike has been called despite GM saying it presented a "strong offer" to the union. The offer included the addition or retention of thousands of jobs and more than $7 billion in new investments over the next four years.

The strike could cost GM hundreds of millions of dollars. The last time the union declared a strike at GM was in 2007. The two-day work stoppage was estimated to have cost the Detroit automaker more than $300 million a day.

UAW Vice President Terry Dittes, who oversees the union's GM unit, made the strike announcement during a press conference Sunday morning in Detroit. The strike will take effect at 11:59 p.m. with roughly 48,000 workers heading to the picket lines.

"Today, we stand strong and say with one voice, we are standing up for our members and for the fundamental rights of working class people in this nation," Dittes said.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The United Auto Workers at General Motors will remain on strike until ratification of a new four-year labor contract, the union said on Thursday. GM's proposed agreement includes an $11,000 ratification bonus to workers, wage increases of 4 percent throughout the four-year contract, no increases in health care costs; and a path to permanent worker status within four years or less. Streaming giant Netflix Inc. (NFLX) announced that it secured rights to Jeff Smith's critically acclaimed comic book series BONE. Netflix said it plans to develop an animated kids series based on BONE that follows the iconic Bone cousins on an adventure through a vast, uncharted desert and into a... Swedish luxury auto maker Volvo Cars unveiled its first fully electric car, the XC40 Recharge. The XC40 Recharge is a part of the electrified car portfolio that Volvo plans to introduce under the new 'Recharge' sub-brand. The company said it plans to launch a fully electric car every year over the...
Follow RTT
>