The CEOs of Ford and GM criticize UAW's Shawn Fain for continuing strikes, attributing the dispute to disagreements on electric vehicle battery plants and pay hikes.
Start Trading CFDs Over 2,200 Different InstrumentsStart Trading CFDs Over 2,200 Different Instruments3 days5 daysUAW's strikes, now in their third week, have intensified as disagreements arise over future electric vehicle battery plants and pay hike demands.
Farley warned UAW pay hike demands"have a devastating impact on our business," adding that the disagreement on wages centers around future electric vehicle battery plants. Barra repeated much of Farley's criticisms of Fain:"It's clear that there is no real intent to get to an agreement. It is clear Shawn Fain wants to make history for himself, but it can't be to the detriment of our represented team members and the industry." at their respective auto plants while he said Stellantis made meaningful progress on a new four-year labor contract and would avoid further strikes.
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