As of now, the combined average of votes to strike across Ford Motor, General Motors, and Stellantis is at 97%, although final votes are still being counted, according to the UAW.

UAW President Shawn Fain expressed the frustration of the union's members, stating, "Our union's membership is clearly fed up with living paycheck to paycheck while the corporate elite and billionaire class continue to make out like bandits."

With approximately 150,000 workers represented by the UAW, the union is demanding several key changes from the automakers. These include a 46% wage increase over the life of the contract, the restoration of pensions and cost-of-living adjustments, improved benefits for retirees, the elimination of tiered compensation systems, and a reduction in the workweek from 40 hours to 32 hours, among other requests.

The current four-year contract is set to expire at 11:59 p.m. Eastern time on September 14th.

This story will be updated.

Related: 'I have a pension; they don't': Why United Auto Workers are fighting to end a two-tier system for wages and benefits

The Bond Market Turmoil: A Warning from Bill Ackman

Bluejay Diagnostics Announces Stock Offering

Leave A Reply

Your email address will not be published. Required fields are marked *