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Labor Issues

STLA

Stellantis has proposed a significant wage increase of 21.4% for all full-time hourly employees through 2027. The proposal also includes an immediate 10% wage increase for most employees upon contract ratification.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 7:08 pm

F

GM

STLA

Stellantis is reportedly making progress in its talks with the United Auto Workers (UAW), but there are still gaps that need to be closed, according to a letter cited by Reuters. The outcome of these talks could impact the company's operations and financial performance.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 7:06 pm

F

GM

STLA

Shares of auto stocks are trading higher following an update from the United Auto Workers (UAW) on negotiations. The UAW has stated that it will not expand strikes this week.

Portfolio Pulse from Bill Haddad

October 06, 2023 | 6:49 pm

F

GM

STLA

The United Auto Workers (UAW) union has confirmed that there will be no new strikes for General Motors (GM), Stellantis (STLA), and Ford (F), according to a Reuters live stream.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 6:34 pm

F

GM

STLA

The President of the United Auto Workers (UAW) has warned that if the Detroit Three (Ford, General Motors, and Stellantis) do not make progress in negotiations, the time to strike at their truck plants may come soon.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 6:33 pm

F

GM

STLA

The UAW President has announced that there is no tentative agreement yet with companies, but significant progress is being made. Stellantis has agreed to reinstate Cola. Ford, General Motors, and Stellantis may be involved in the discussions.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 6:21 pm

F

GM

STLA

The UAW President has announced that the top offer for wages has now increased to 23%, up from 9% at the beginning of the strike.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 6:20 pm

GM

The President of the United Auto Workers (UAW) has announced that General Motors (GM) has agreed to include electric vehicle (EV) battery plants under the master contract. This information was cited from a live stream by Reuters.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 6:18 pm

GM

The United Auto Workers (UAW) leader has announced that General Motors (GM) has agreed in writing to place battery manufacturing under the UAW national agreement. This could potentially impact labor relations and operations at GM.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 6:17 pm

F

GM

STLA

The United Auto Workers (UAW) union has announced that there are breaking developments in their negotiations and that President Fain will join the discussions as soon as possible. A livestream of the event is expected to start shortly.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 6:12 pm