The Daily
A Breaking Point for the U.S. Auto Industry
Sep 12, 2023
Neal Boudette, an auto industry correspondent for The New York Times, sheds light on a potential historic strike involving 150,000 U.S. autoworkers against General Motors, Ford, and Stellantis. He discusses the evolving dynamics between the United Auto Workers and automakers, unveiling the long history of labor negotiations that led to current tensions. Boudette also highlights the striking contrast between rising automaker profits and worker dissatisfaction, as new union leadership calls for fair wages and better working conditions. It's a critical moment for labor in America.
30:28
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Quick takeaways
- A potential strike by 150,000 US auto workers against the Big Three car makers looms large, which could result in billions of dollars in losses and disrupt local economies in Midwestern states.
- The rise of foreign competition and decline in market share led to a shift in the auto industry, with compromises on labor terms and the introduction of the jobs bank in an attempt to save costs.
Deep dives
The Potential Strike: A Historic Moment of Labor Activism in the US
As labor activism intensifies in the United States, a potential strike by 150,000 US auto workers against the Big Three car makers looms large. This labor conflict could have a significant impact as the auto industry is the largest manufacturing sector, employing 150,000 UAW workers. The union's threat to strike simultaneously at Ford, GM, and Stellantis (parent company of Chrysler) is unprecedented and could result in billions of dollars in losses for the automakers and disrupt local economies in Midwestern states.
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