The United Auto Workers’ strike in opposition to Detroit’s Big 3 automakers has entered its fourth day, garnering assist from the White House and Democratic politicians, though negotiations stay deadlocked.
A team from the White House is anticipated to reach Detroit early this week to assist mediate contract talks. The team is led by White House adviser Gene Sperling and appearing Labor Secretary Julie Su.
“Sperling and Su are engaging with the parties by phone, as they have for weeks, with the intention of being there early in the week,” an administration official informed NBC News.
Meanwhile, Jeep maker Stellantis (NYSE:STLA) on Saturday sweetened its proposal to the UAW by providing practically 21% pay raises over the course of the contract, together with a direct 10% hike.
The proposal, which matches proposals from Ford (NYSE:F) and General Motors (NYSE:GM), would proceed to offer revenue sharing to staff.
The corporations’ affords are about half the 40% wage hike that staff are demanding by 2027. UAW President Shawn Fain mentioned Stellantis’ (STLA) offer was a “no-go”.
The UAW’s strike is of explicit significance, given the 2024 presidential race. Biden – who mentioned automakers’ report earnings ought to imply report contracts for the UAW – would love the union’s endorsement as it might be key in securing blue-collar votes.
“Our endorsements are going to be earned,” mentioned Fain. “We expect action, not words.”
While talks resumed with GM (GM) and Ford (F), the UAW will return to the negotiating desk with Stellantis (STLA) on Monday. Note that Ford (F) laid off 600 workers at its Michigan plant due to the strike.