US on the road to industrial action

World Business Report

English - September 14, 2023 22:33 - 26 minutes - 12.3 MB - ★★★★ - 236 ratings
Business News Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed

Previous Episode: ECB hikes rates up to 4%

Next Episode: UAW strike: thousands of workers at three of the biggest US carmakers have gone on strike

Nearly 150 thousand U.S. auto workers are set to go on strike this week if General Motors, Ford, and Stellantis fail to meet their demands for big pay raises.

Workers want a 46% pay increase and the restoration of concessions workers made years ago when the companies were in financial trouble.

The United Auto Workers union, has threatened to strike any of the three companies that haven’t reached an agreement by the time its contract with the union expires.