Schedule a Call Back
UAW escalates strikes, shuts down Ford's key plant, threatens Stellantis
Industry News- Oct 16,23
In an unexpected move on, 8,700 union members at Ford's Kentucky truck plant in Louisville left their jobs. Union President Shawn Fain hinted at further action against Stellantis, expressing hope for more productive talks.
The labour dispute between the United Auto Workers union and Detroit's Three automakers intensified as the union escalated its walkout, leading to the closure of Ford's largest factory and posing a threat to Stellantis, the maker of Jeep vehicles.
In an unexpected move on, 8,700 union members at Ford's Kentucky truck plant in Louisville left their jobs. Union President Shawn Fain hinted at further action against Stellantis, expressing hope for more productive talks, although he did not specify the potential outcomes.
Ford's truck plant, responsible for manufacturing heavy-duty F-Series pickup trucks and large Ford and Lincoln SUVs, represents a significant portion of the company's revenue, generating $25 billion annually. Fain emphasised the union's impatience with Ford's reluctance to negotiate a fair contract, justifying the walkout at the highly profitable plant.
The strike followed nearly four weeks of union-led walkouts against General Motors, Ford, and Stellantis, beginning on September 15, with one assembly plant from each company initially affected. The union's decision to expand the strikes, targeting specific plants, rather than involving all 146,000 UAW members simultaneously, indicated a strategic approach.
Ford executives asserted that they had made strong wage and benefit offers to the union. However, Fain rejected the company's offer, leading to the closure of the Kentucky Truck Plant. The on-going strikes have resulted in approximately 4,800 layoffs at factories not directly impacted by the strikes, as automakers seek to mitigate losses due to reduced production capacities caused by parts shortages.
The strikes have also highlighted contentious issues, such as the demand for defined benefit pensions and health insurance for retiring workers, as well as the union's push for unionisation in joint-venture electric vehicle battery factories to secure jobs and competitive wages amid the industry's shift to electric vehicles.
As the strikes continue, more workers may face layoffs at non-striking plants, and parts supply companies are expected to implement layoffs, exacerbating the economic impact of the labour dispute on various sectors.
Source: Business Standard
Related Stories
Auto & Auto Components
Symbio unveils SymphonHy, Europe's largest fuel cell gigafactory
SymphonHy boasts cutting-edge technology with a high degree of automation and robotics, facilitating cost-effective large-scale industrial production.
Read moreAuto & Auto Components
TN set to attract Rs 50,000 cr investments, generate 150,000 jobs in EV sector by 2025
Prominent EV companies contributing to the significant production in Tamil Nadu include Ola Electric, TVS Motor, Ather in Krishnagiri, Ampere Vehicles in Ranipet, BYD India in Kancheepuram, Stellant..
Read moreElectrical & Electronics
UAW escalates strikes, shuts down Ford's key plant, threatens Stellantis
In an unexpected move on, 8,700 union members at Ford's Kentucky truck plant in Louisville left their jobs. Union President Shawn Fain hinted at further action against Stellantis, expressing hope fo..
Read moreRelated Products
Geared Electric Motors
ELECTRICAL & ELECTRONIC EQUIPMENT
Delco Fans Pvt Ltd offers single phase capacitor run and three
phase geared Instrument motors, totally enclosed face/foot mounted.
“Kusam-Keco” Partial Discharge Acoustic Imager - Model - Km-pdai
ELECTRICAL & ELECTRONIC EQUIPMENT
‘Kusam-Meco’ has introduced a new “Partial Discharge Acoustic Imager Model KM-PDAI.
78 Series Din Rail Terminal Blocks
ELECTRICAL & ELECTRONIC EQUIPMENT
Werner Electric Private Limited offers a wide range of 78 series din rail terminal blocks.
latest News
Subscribe to iNoW
For Industry News on WhatsApp, Give a Miss Call on: +91 84228 74016
