Biden Presses Automakers to Reach Deal With UAW, Sends Officials to Talks

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 50%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

President Joe Biden urged Detroit’s big three legacy automakers to offer more concessions to the United Auto Workers in order to end a strike that threatens the US economy, saying he would send two members of his team to Detroit to engage both sides.

“They’ve been around the clock and the companies have made some significant offers. But I believe they should go further to ensure record corporate profits mean record contracts for the UAW,” Biden said about the negotiations on Friday at the White House.

The UAW launched an unprecedented strike at all three of Detroit’s Big Three automakers, beginning a potentially lengthy showdown over wages and job security. The union and Ford Motor Co., General Motors Co. and Stellantis NV, the maker of Jeep and Chrysler, failed to reach a contract agreement by the midnight deadline.Biden said no one wanted to see a strike but offered his support to the union, saying that Detroit’s Big Three had not fairly shared their profits with workers.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 83. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines