UAW Says Stellantis Wage Proposal Doesn't Make Up For Inflation; Stellantis Came Back With "Unfair Offer"
Portfolio Pulse from Benzinga Newsdesk
The United Auto Workers (UAW) union has rejected a wage proposal from Stellantis, stating that it does not compensate for inflation. The union described Stellantis' counteroffer as 'unfair'.
September 08, 2023 | 7:39 pm
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Stellantis' wage proposal has been rejected by UAW due to it not compensating for inflation. This could lead to prolonged negotiations or potential labor unrest.
The rejection of Stellantis' wage proposal by UAW indicates potential labor issues. If not resolved, this could lead to strikes or slowdowns, impacting Stellantis' production and potentially its stock price.
CONFIDENCE 85
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