Talks between United Auto Workers and Detroit’s “Big Three” automakers – General Motors, Ford, and Stellantis, appear stalled on Wednesday morning as the deadline for a new four-year labor deal with automakers quickly approaches.
UAW boss Shawn Fain is set to speak to the 146,000 members during a Facebook Live event at 1700 ET regarding the ongoing labor negotiations with Ford, General Motors, and Stellantis. According to Bloomberg, Fain is expected to discuss a potential strike strategy.
AP News reports the Facebook Live event could have the union boss shed more light on “targeted strikes at a small number of factories run by each of Detroit’s three automakers if they can’t reach contract agreements by a Thursday night deadline.”
Strikes at parts plants could spark production halts at multiple assembly factories. We detailed Tuesday a large enough strike could plunge Michigan’s economy into a recession.
Last week, automakers submitted contract offers to UAW. Fain quickly threw those in the trash, calling General Motors “insulting.”
Bank of America Securities warned clients a “strike is almost guaranteed” because UAW demands and automaker offers are so wide apart.