Streetbeat News

Labor Issues

F

GM

STLA

The UAW President has stated that Ford is still concerned about the Kentucky Truck Plant and is pretending that they cannot afford what the union is asking for.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 8:26 pm

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GM

STLA

The UAW President has stated that there is more to be won from automakers, indicating that the extremely profitable companies have more to give. He noted serious movement at Stellantis and GM.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 8:26 pm

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GM

STLA

United Auto Workers President, Shawn Fain, has announced that the union has received new offers from two of the three major automakers in the past 24 hours. The specific companies were not mentioned in the article.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 8:16 pm

COCH

Envoy Medical has entered into an employment agreement with its CEO, Brent T. Lucas, through its wholly owned unit, as per an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 8:06 pm

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GM

STLA

Stellantis is reportedly raising its wage offer to 23%, matching the offers of General Motors Co. and Ford Motor Co., according to Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 6:51 pm

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GM

STLA

UAW President Shawn Fain will provide an update on the progress of negotiations with the Big Three automakers via Facebook Live at 4 p.m. ET. This follows a week of intensive negotiations.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 4:40 pm

SPY

Federal Reserve's Mester has indicated that labor markets are showing signs of moderation and resilience. The data also shows signs of moderating wage gains. Mester emphasized that the Fed must not be complacent in getting inflation back to 2%. Recent developments could potentially slow down the decrease in inflation.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 4:20 pm

GM

General Motors Co has made significant progress in all key areas in an effort to reach a final agreement with the United Auto Workers (UAW) union and get its employees back to work.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 4:07 pm

GM

General Motors Co has proposed a comprehensive offer to the United Auto Workers (UAW) union. Under the offer, the majority of GM's workforce will earn $40.39 per hour, or approximately $84,000 a year by the end of the agreement's term.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 4:06 pm

F

GM

STLA

General Motors (GM), Ford Motor Co. (F), and Stellantis NV (STLA) are reportedly close to finalizing an agreement with the United Auto Workers (UAW) to end a prolonged strike. The automakers have offered wage hikes and reinstatement of inflation protection measures. However, pay and pensions remain contentious issues. GM has proposed a 20% wage increase over four years, while Ford has offered 23%. The UAW believes that 20% is not enough.

Portfolio Pulse from Akanksha Bakshi

October 20, 2023 | 2:20 pm