Tom Maoli, a New Jersey auto dealership owner, said the UAW strike could disrupt the auto supply chain and have ripple effects across the U.S. economy.
A simultaneous and limited strike by the United Auto Workers against Ford, General Motors and Stellantis could intensify on Friday. On Friday, the union is expected to announce its next move in the absence of a new contract agreement with Detroit’s Big Three.
UAW President Sean Fein will provide an update to members via Facebook Live message at 10 a.m. ET. He threatened to expand the strike beyond the companies’ single assembly plants at noon unless significant progress was made in negotiations.
President Sean Fein speaks as UAW members and their supporters gather for Solidarity Sunday at the UAW Region 1 office in Warren, Michigan, August 20, 2023. Mr. Fein is scheduled to give an update on the union Friday morning. (Jeff Kowalski/AFP via Getty Images/Getty Images)
There are many possible scenarios. One is for the union to reach a tentative agreement with each automaker that would end the strike and get everyone back to work.
If the two sides come close enough to an agreement that satisfies the UAW, the union could extend the deadline and continue talks with the automaker, keeping the strike current.
UAW strike against Big Three increases layoffs and work stoppages
UAW leaders are conducting what the union calls a “stand-up strike,” calling on specific local residents to strike at facilities. This strategy gives the union the flexibility to escalate the strike in stages to a potential nationwide strike if negotiations do not result in sufficient progress for the union’s position, allowing the auto company to He said that it will be difficult to predict the behavior of people.
United Auto Workers (UAW) members and supporters gather at Stellantis’ North American headquarters in Auburn Hills, Michigan, on September 20, 2023. UAW President Sean Fein set a deadline of noon Friday to expand the strike if there is significant progress. (Bill Priano/Getty Images/Getty Images)
Roughly 13,000 of the Big Three’s 150,000 UAW members are currently on strike after workers at the GM plant in Wentzville, Missouri, quit a week ago. Stellantis plant in Toledo, Ohio. and the Ford plant in Wayne, Michigan. If an agreement is not reached with any of the Big Three by the deadline, union members at additional facilities will be ordered to cease operations and join picket lines.
| ticker | safety | last | change | change % |
|---|---|---|---|---|
| F | ford motor corporation | 12.20 | -0.16 | -1.29% |
| GM | general motors company | 32.71 | -0.49 | -1.48% |
| STLA | Stellantis NV | 19.33 | -0.34 | -1.73% |
The UAW’s plan is to gradually increase the number of strike facilities for automakers that have not reached an agreement if negotiations drag on for additional days or weeks.
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If the union reaches an agreement with one or two automakers by the deadline, it can end its strike against those automakers and put more pressure on the remaining automakers by striking additional targeted plants. It may be strengthened.
UAW members picket outside a Jeep factory in Toledo, Ohio, on September 18, 2023. The UAW strike could expand on Friday. (Photo by Sarah Rice/Getty Images/Getty Images)
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But unless a deal is reached with one of the big three, all facilities will be hit with strikes on additional facilities, which Mr. Fain is expected to announce on Friday. The UAW president also said the organization has not ruled out the possibility of eventually closing all of the automakers’ plants if necessary to obtain terms satisfactory to members.
FOX Business’ Eric Revell contributed to this report.
