The United Auto Workers union is threatening to go on strike against Basic Motors, Ford, and Stellantis. This would be the very first time in history that all 3 unionized automakers have been struck simultaneously. Initially, only a handful of plants will go on strike, but this could nonetheless disrupt operations sufficient to halt US auto production for all 3 businesses.
A single significant quantity to think about is the major hourly wage for most UAW members at GM, Ford, and Stellantis. Also, the initial wage demand from the union was a 20% raise straight away, followed by 4 much more annual increases of five% each and every. While the union has considering the fact that lowered their demands, they nonetheless exceed the double-digit wage increases supplied by the automakers.
Yet another substantial quantity is the total UAW membership at the 3 businesses: 57,000 at Ford, 46,000 at GM, and around 42,000 at Stellantis.
In August, the typical obtain cost for a new automobile enhanced by about $11,000 or 30% compared to August 2019, pre-pandemic.
Lastly, it is worth noting the final time each and every of the Large 3 businesses knowledgeable a strike. In 2019, the UAW was on strike for six weeks. Chrysler (now Stellantis) was struck for much less than 1 day in 2007, and Ford’s final strike was in 1978 when the corporation had more than 202,000 union members—more than the existing combined workforce of all 3 businesses.

