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The current UAW labor costs are $65/hour. [58] Wells Fargo estimates that the proposed contract by the UAW would raise the average labor cost to $136/hour. [59] Ford, GM, and Stellantis claim that the proposed UAW contract would prevent them from being competitive in the transition to EVs and competing against foreign automakers. [60]
Final Offer – documentary showing the 1984 UAW/CAW contract negotiations; Leon E. Bates; List of United Auto Workers local unions; 2007 Freightliner wildcat strike; 2007 General Motors strike; 2019 General Motors strike; Communists in the United States Labor Movement (1919–1937) Communists in the United States Labor Movement (1937–1950)
The United Steelworkers (USW) union, which maintains a collective bargaining agreement with the company, endorsed Cliffs' offer as the "best strategic partner", as phrased by USW president David McCall. [29] U.S. Steel ultimately declined the deal, suggesting that Cliffs was attempting to prevent the company from conducting due diligence. [30]
Shell plc (NYSE:SHEL) shares are trading higher following fourth-quarter results. Revenue of $66.28 billion missed the consensus of $71.82 billion. Total production at Integrated Gas fell 4% ...
The US Truth in Negotiations Act 1962 ("TINA") requires that contractors submitting bids should supply certified cost or pricing data before an agreement on price for most negotiated procurements for government contracts worth more than $750,000 for prime contracts awarded before July 1, 2018, and $2 million for prime contracts awarded on or ...
Royal Dutch Shell is looking to slash up to 40% off the cost of producing oil and gas in a major drive to save cash so it can overhaul its business and focus more on renewable energy and power ...
A few days after his election, Fain told the automakers that the UAW was "fed up with the status quo". [16] During 2023 contract renegotiations, Fain advocated for an immediate wage increase of 20 percent for workers followed by yearly gradual increases for a total of 46 percent, which he argues would simply be a way to keep up with the enormous CEO wage increases of auto companies in recent ...
The 2007 General Motors Strike was a labor union strike that lasted three days from September 23 to September 25, 2007, organized by the United Auto Workers (UAW) union. The UAW were engaged in talks with General Motors (GM) to negotiate a new labor contract but were unable to come to an agreement before the deadline.