• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Editor's Pick Thousands of autoworkers at Toyota and Honda move to unionize after UAW victory over the Big Three
Editor's Pick

Thousands of autoworkers at Toyota and Honda move to unionize after UAW victory over the Big Three

by November 30, 2023
by November 30, 2023 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

The United Auto Workers union said Wednesday it is trying to unionize employees at 13 companies that build cars in the U.S.

The union said the simultaneous push covers BMW, Honda, Hyundai, Lucid, Mazda, Mercedes-Benz, Nissan, Rivian, Subaru, Tesla, Toyota, Volkswagen and Volvo. Forming unions at all of those companies would add 150,000 members to the UAW, according to the union. That would roughly double its size.

The UAW’s members ratified new contracts with Ford, General, Motors and Stellantis, the parent company of Fiat Chrysler, early last week. Those contracts will increase members’ pay by 25% over four years, and they come with improved benefits, such as cost-of-living adjustments, faster paths to greater wages and increased retirement contributions.

The autoworkers union has long had its sights on other carmakers beyond Detroit’s Big Three, and those companies are aware of that fact. Toyota gave raises to its workers shortly after the UAW announced its new contracts with the Big Three, and several other companies reportedly did the same. That was most likely intended to sap some momentum from future union drives.

The launch of the union drive is in keeping with the dramatic style the UAW adopted under its new president, Shawn Fain. On Sept. 15, the UAW went on strike against Ford, GM and Stellantis simultaneously for the first time. A combined 13,000 people walked off the job at three facilities, and more slowly went on strike over the subsequent six weeks.

The union called it a ‘Stand Up Strike’ in a nod to a historic UAW campaign. And Fain often criticized ‘corporate greed’ and the billionaire class and spoke of greater power for workers around the world, themes that went beyond the UAW’s dispute with the Big Three.

‘You don’t have to live paycheck to paycheck. You don’t have to worry about how you’re going to pay your rent or feed your family while the company makes billions,’ Fain told employees of those companies in a statement.

The UAW’s new contract will expire on April 30, 2028, and Fain has publicly been encouraging unions in other industries to set their contracts to end at that time, as well. That would set the stage for a larger general strike on May 1 of that year, a date long associated with the organized labor movement.

This post appeared first on NBC NEWS
You Might Also Like
  • Citigroup to lay off 20,000 employees in CEO Jane Fraser’s corporate overhaul
  • Lawmakers ask Mark Zuckerberg to show how Facebook, Instagram are addressing illicit drug ads
  • Delta sues CrowdStrike after widespread IT outage that caused thousands of cancellations
  • FAA lifts temporary groundstop of Alaska Airlines flights after technical issue is resolved
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Money laundering investigator warned of Hunter Biden’s ‘unusual,’ ‘erratic’ payments from China in 2018
next post
MSFT Stock At Record High: Is Now the Time to Buy Before It Skyrockets Further?

You may also like

Senet and UnaBiz Partner to Enable Seamless Local LoRaWAN and...

March 13, 2023

Wells Fargo customers scramble after deposits disappear from their accounts

August 5, 2023

Sam Bankman-Fried admits FTX ‘sure should have’ done more to...

October 28, 2023

Here’s how the Houthi attacks in the Red Sea threaten...

December 19, 2023

Tesla asks shareholders to vote again on Musk’s $56 billion...

April 18, 2024

Torch Introduces Low-Cost Comprehensive IoT and AI Solution for Early-Stage...

March 15, 2023

Fed Chair Powell calls inflation ‘too high’ and warns that...

August 26, 2023

Biden preparing to block U.S. Steel sale to Japanese company

September 6, 2024

Free cash programs spread as more cities expand the anti-poverty...

April 14, 2024

Another delivery driver dies as a battle rages over heat...

September 2, 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

    • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right Now

      May 31, 2025
    • Leadership Rotation Could Confirm Corrective Phase

      May 30, 2025
    • Run Your Stock Portfolio Like a Pro Sports Team

      May 30, 2025
    • U.S. foreign tax bill sends jitters across Wall Street

      May 30, 2025
    • Amazon taps Xbox co-founder to lead new team developing ‘breakthrough’ consumer products

      May 30, 2025

    Popular Posts

    • 1

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

      June 27, 2024 2,765 views
    • 2

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

      August 9, 2024 2,472 views
    • 3

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 2,451 views
    • 4

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

      July 10, 2024 2,432 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,308 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,106)
    • Investing (538)
    • Stock (2,581)

    Popular Posts

    • 1

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

      June 27, 2024
    • 2

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

      August 9, 2024
    • 3

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

      June 25, 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

    • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right...

      May 31, 2025
    • Leadership Rotation Could Confirm Corrective Phase

      May 30, 2025
    • Run Your Stock Portfolio Like a Pro Sports Team

      May 30, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,106)
    • Investing (538)
    • Stock (2,581)

    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

    Regional bank stocks struggle amid fears...

    March 16, 2023

    We found many loose bolts on...

    January 25, 2024

    The U.S. added 199,000 jobs in...

    December 9, 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