Biden speaks with UAW president and auto companies ahead of possible strike

  • 📰 dcexaminer
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 94%

Business News News

Business Business Latest News,Business Business Headlines

President Joe Biden spoke with the president of the United Auto Workers, Shawn Fain, and leaders from the major auto companies on Thursday night hours before the union was poised to announce whether it would engage in a historic strike.

The White House deputy press secretary announced on X, the platform formerly known as Twitter, that Biden communicated with industry leaders on both sides of the table"to discuss the ongoing negotiations."President Biden spoke with Shawn Fain, President of UAW, and leaders of the major auto companies to discuss the status of ongoing negotiations.

— Emilie Simons September 14, 2023 The UAW represents approximately 150,000 workers at General Motors, Ford, and Stellantis, which took over Chrysler — collectively nicknamed the Big Three.A 10-day work stoppage at the plant would cost the U.S. economy $5.5 billion, according to an estimate from the Anderson Economic Group. It would also amount to $1 billion in losses for the auto manufacturers and $900 million for UAW workers.

Biden said during his Labor Day remarks that he is proud to have been dubbed the"most pro-union president.""Folks, on this Labor Day, let me tell you what we’re celebrating. We’re celebrating jobs — good-paying jobs, jobs you can raise a family on, union jobs," said Biden.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in BUSİNESS

Business Business Latest News, Business Business Headlines