UAW President Shawn Fain Says Stellantis And GM Rejected Profit Sharing Proposals; Workers Will Strike All Parts Distribution Centers; Union Will Strike At 38 Locations Across 28 States
Portfolio Pulse from Benzinga Newsdesk
UAW President Shawn Fain announced that Stellantis and General Motors rejected profit sharing proposals, leading to workers striking at all parts distribution centers. The union will strike at 38 locations across 28 states.
September 22, 2023 | 2:21 pm
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NEGATIVE IMPACT
General Motors rejected a profit sharing proposal, leading to worker strikes at parts distribution centers.
The rejection of the profit sharing proposal by General Motors could lead to disruptions in their supply chain due to the strikes, potentially impacting their operations and financial performance in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Stellantis rejected a profit sharing proposal, leading to worker strikes at parts distribution centers.
The rejection of the profit sharing proposal by Stellantis could lead to disruptions in their supply chain due to the strikes, potentially impacting their operations and financial performance in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100