Joe Biden Interacts With UAW And Auto Leaders To Prevent Looming Strike

President Joe Biden had a meeting with United Auto Workers (UAW) union chief and major auto industry executives on Thursday, in an attempt to prevent a possible strike due to a contract dispute, The Hill reported.

The White House confirmed that Biden spoke with Shawn Fain, UAW’s president and the company leaders, to discuss the ongoing negotiations.

The discussion took place just hours before the deadline for reaching an agreement to avert a strike at several factories unless General Motors GMFord F and Stellantis STLA meet the union’s demands. The strike eventually took place, with several workers staging a walkout after the deadlines crossed.

See Also: Trump’s 215-Pound Weight Mocked On TikTok — He Avoids Alcohol And Pizza Dough But Loves McDonald’s Quarte

As per a report by the Washington Post, Biden’s administration is also in talks regarding emergency aid to protect smaller firms that supply U.S. auto manufacturers in the event of a strike. This is to safeguard those firms that cannot withstand the impact of a strike beyond six to eight weeks.

UAW’s demands include a 36% increase in general pay over the next four years, an end to different wage tiers for factory jobs, and a restoration of benefit pensions for new hires among other changes. Furthermore, there is a dispute over the union’s representation and benefits for workers at electric vehicle battery factories, an issue that has emerged as the Biden administration pushes for wider adoption of electric vehicles.

Read Next: A fine wine index called Liv-ex Fine Wine 1000 GREW in value during the Great Recession. Premium liquor has been moving to the beat of its own drum. Click here to invest in curated casks/collections.

Photo via Shutterstock


Engineered by Benzinga Neuro, Edited by Pooja Rajkumari


The GPT-4 Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. Learn more.


Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsPoliticsGeneralJoe BidenstrikeUAW
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!