• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Editor's Pick UAW strike would show Biden, other leaders it’s time to ‘pick a side,’ union boss says
Editor's Pick

UAW strike would show Biden, other leaders it’s time to ‘pick a side,’ union boss says

by September 7, 2023
by September 7, 2023 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

A strike by the United Auto Workers union against the Detroit automakers would help President Joe Biden and other politicians pick a side when it comes to organized labor, UAW President Shawn Fain said Wednesday night.

“I think our strike can reaffirm to [Biden] of where the working-class people in this country stand and, you know, it’s time for politicians in this country to pick a side,” he said during CNBC’s “Last Call” with Brian Sullivan. “Either you stand for a billionaire class where everybody else gets left behind, or you stand for the working class, the working-class people vote.”

The outspoken union leader reiterated that striking against General Motors, Ford Motor and/or Stellantis when contracts for roughly 150,000 auto workers expire after 11:59 p.m. Sept. 14 is not the goal, but the sides remain far apart when it comes to key demands.

“We’re down to the wire. We have eight days to go,” Fain said. “We’re pushing. We’re available 24/7 as we have been for the last seven weeks, so it’s up to the companies on where we end up and whether we end up having to take action or not on the 14th.”

Fain said the union is set to meet Thursday morning with GM, following a Wednesday afternoon meeting with Ford. Stellantis said Wednesday that it “intends to pass the UAW a counter offer to the members’ economic demands by the end of the week.”

Fain’s comments regarding Biden add to an unusual tension between the leader of the historically Democratic union and the commander in chief, who has called himself “the most pro-union president you’ve ever seen.”

Earlier this week, Fain said he was “shocked” to hear Biden say he was “not worried about a strike until it happens” and that he didn’t “think it’s going to happen.”

“He must know something we don’t know. Maybe the companies plan on walking in and giving us our demands on the night before. I don’t know but he’s on the inside on something I don’t know about,” Fain told reporters during a Labor Day event in Detroit.

The UAW has historically supported Democrats. However, former President Donald Trump was able to gain notable support from blue-collar autoworkers during his presidential campaigns. Fain has said he believes another Trump presidency “would be a disaster,” citing the need for the union to “get our members organized behind a pro-worker, pro-climate, and pro-democracy political program that can deliver for the working class.”

The UAW is withholding a reelection endorsement for Biden until concerns about the auto industry’s transition to all-electric vehicles such as job security, pay and organizing are addressed, Fain has said previously.

“Our endorsements are going to be earned not freely given and the actions are going to dictate who we endorse,” Fain reiterated Wednesday.

Simultaneous strikes against GM, Ford and Stellantis would be unprecedented. It also would mark one of the UAW’s largest strikes in recent history and could quickly have a ripple effect on the automotive supply chain, the U.S. economy and domestic manufacturing.

A strike against GM in 2019 during the last round of contract negotiations lasted 40 days and cost the automaker $3.6 billion in earnings that year, GM reported at the time.

The union’s current demands also could be costly if tentative deals are reached. Key demands include a 40% hourly pay increase, a reduced 32-hour workweek, a shift back to traditional pensions, elimination of compensation tiers, and restoration of cost-of-living adjustments, among other items on the table.

This post appeared first on NBC NEWS
You Might Also Like
  • Netflix says its ad tier now has 94 million monthly active users
  • Sam Bankman-Fried to learn fate today for orchestrating historic FTX crypto fraud scheme
  • FTX co-founder Sam Bankman-Fried should be jailed until trial, prosecutor argues
  • Biden administration unveils proposed changes to big banks’ overdraft fees
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Mayor Eric Adams predicts migrant crisis ‘will destroy New York City’
next post
Felon voter fraud still notably rare in Wisconsin: report

You may also like

Lawmaker demands more information about PGA Tour and LIV Golf...

June 15, 2023

The two-day or less shipping Americans have come to expect...

August 26, 2024

FTC launches probe into ‘surveillance pricing’ that it says links...

July 24, 2024

Sex, Signal messages and sabotage: SBF’s top execs and Bahamas...

October 9, 2023

Government shutdown November deadline: What happens to Social Security payments...

November 15, 2023

Amazon reaches $2 trillion market cap for the first time

June 27, 2024

IAC approves spinoff of home improvement marketplace Angi

January 14, 2025

NFL’s next big media rights payday is years off —...

September 5, 2024

ESPN networks, ABC and Disney channels go dark on DirecTV...

September 3, 2024

David’s Bridal files for bankruptcy after laying off more than...

April 19, 2023

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Want Faster, Lower Risk Trades? Use This Setup

      July 9, 2025
    • The Seasonality Trend Driving XLK and XLI to New Highs

      July 9, 2025
    • Small Caps Are Rotating In — Here’s Why It Matters

      July 9, 2025
    • Amazon extends Prime Day discounts to 4 days as retailers weigh tariffs and price increases

      July 9, 2025
    • Breakout Watch: One Stock in Each Sector to Watch Now

      July 9, 2025

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 3,630 views
    • 2

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,919 views
    • 3

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,607 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,575 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,449 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,167)
    • Investing (538)
    • Stock (2,660)

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 2

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 3

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • Want Faster, Lower Risk Trades? Use This Setup

      July 9, 2025
    • The Seasonality Trend Driving XLK and XLI to New Highs

      July 9, 2025
    • Small Caps Are Rotating In — Here’s Why It Matters

      July 9, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,167)
    • Investing (538)
    • Stock (2,660)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    Recalled cucumbers linked to at least...

    August 16, 2024

    Art created autonomously by AI can’t...

    March 20, 2025

    Spirit Airlines blames huge delays and...

    June 3, 2023
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here