United Auto Workers president Shawn Fain said Wednesday that autoworkers and the Big Three automakers are still far apart, although negotiations continue, and that the union may strike all of the Big Three at once.
The UAW and Ford Motor Co. F, +1.53%, General Motors Co. GM, +0.57% and Stellantis NV STLA, -0.42% have made progress but were still far apart, though negotiations continue until the deadline of Thursday at 11:59 p.m. Eastern, Fain said.He said if no deal is reached, there’s also the possibility of doing “standup strikes,” designed to keep the companies guessing. These could escalate in order to give the union leverage in bargaining.
“It is possible for strikes at critical parts plants to have much wider implications,” Marick Masters, a business professor at Wayne State University in Detroit, said in an interview with MarketWatch on Wednesday.