Industry analysts expect increased financial burden on the striking workers, some of whom have been saving months in anticipation for a potential work stoppage, could be a 'double-edged sword' for the negotiations.
, he said it may be "prudent for the UAW leadership to begin managing the expectations of their members as soon as possible."
that included over $7 billion in investments; creation or retention of 5,400 jobs; and wage or lump-sum increases each year. It's unclear if details of that offer, including the retention of the union's "nationally-leading health care benefits," remain on the table. Both sides have declined to comment on the ongoing negotiations.
Kristin Dziczek, vice president of industry, labor and economics at the Center for Automotive Research, said morale appears to remain high among union members, despite the missed pay.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stripe reaches $35 billion valuation after $250 million funding roundStripe plans to use its $250 million funding to quicken international expansion, grow its products suite, and increase enterprise service offerings.
Read more »
GM strike highlights how shift to electric cars puts future auto jobs at riskElectric vehicles are upending the auto industry, saving some jobs as factories are retooled to build zero-emission vehicles but costing many times more in the long run. It's a top concern in the current UAW talks with Detroit's Big Three automakers.
Read more »
GM Strike Highlights How Costly Breakdowns In Communication Between Workers And Executives Can BeLong-simmering breakdowns in trust between floor employees and company leadership can lead to disaster. It's best to identify them early and often, and resolve them quickly.
Read more »
Jordan raises teachers' pay in bid to defuse nationwide strike; union unmovedJordan's cabinet on Saturday offered striking teachers pay hikes in a bid t...
Read more »
‘The Grand Tour’ Team Set To Strike Production Tie-Up With BBC Studios-Backed ExpectationEXCLUSIVE: The team behind Amazon’s The Grand Tour is on the brink of striking a production deal that will see them tying up with Expectation, the BBC Studios-backed production company founde…
Read more »
GM’s Strike and the Battle for BatteriesHeard on the Street: Lordstown, Ohio, is a battleground in the UAW strike against General Motors. In time, it could also become emblematic of a U.S.-China battery supply fight.
Read more »