Current:Home > MyAuto union negotiations making 'slow' progress as strike looms, UAW president says -InvestTomorrow
Auto union negotiations making 'slow' progress as strike looms, UAW president says
View
Date:2025-04-17 06:43:47
As the strike deadline set by the United Auto Workers union approaches, negotiations with the Big Three automakers are making "slow" progress, with at least one meeting planned for Wednesday, said Shawn Fain, president of the union.
"Can we get there? Yes, we can, but they need to buckle down and get busy. We've got 48 hours. That's not a lot of time," Fain said on "Good Morning America" on Wednesday.
Members in several states have threatened to walk off their jobs in the coming days unless auto companies meet their demands over higher wages and more robust benefits.
MORE: https://abcnews.go.com/Business/uaw-vote-authorizes-strike-big-3-automakers/story?id=102562124
The deadline the union has set for negotiations with three automakers -- General Motors, Ford and Stellantis -- is midnight eastern on Thursday. About 150,000 members work at the three companies.
Such a strike would be "devastating" for the U.S. auto industry and overall economy, Jim Farley, CEO of Ford Motor Company, told ABC News on Tuesday evening with just 48 hours to go in negotiations.
"We are putting forth an offer today that's the most lucrative offer in 80 years working with the UAW," he said.
Some union members have been struggling as executives "make out like bandits," Fain said in an earlier statement. "The Big Three have been breaking the bank while we have been breaking our backs."
Fain on Wednesday said a strike would be more likely to wreck the “billionaire economy,” rather than the overall economy.
"It's interesting to me all of a sudden the fear mongers get out there and start talking about how this is going to wreck the economy. It's not going to wreck the economy. It's going to wreck the billionaire economy," he said.
He added, “That's the big issue here. Especially in this country. The working class is being living payheck to pay check and feeding off the scraps."
ABC News' Meredith Deliso, Imtiyaz Delawala, Anna Katharine Ping, Linsey Davis and Rahma Ahmed contributed to this story.
veryGood! (6)
Related
- Meet first time Grammy nominee Charley Crockett
- These Amazon Travel Essentials Will Help You Stick To Your Daily Routine on Vacation
- Carmelo Anthony Announces Retirement From NBA After 19 Seasons
- Ulta 24-Hour Flash Deal: Save 50% On the L’Ange Rotating Curling Iron That Does All the Work for You
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
- After failing to land Lionel Messi, Al Hilal makes record bid for Kylian Mbappe
- Deforestation Is Getting Worse, 5 Years After Countries and Companies Vowed to Stop It
- 80-hour weeks and roaches near your cot? More medical residents unionize
- New data highlights 'achievement gap' for students in the US
- Jamil was struggling after his daughter had a stroke. Then a doctor pulled up a chair
Ranking
- All That You Wanted to Know About She’s All That
- Arctic National Wildlife Refuge Faces New Drilling Risk from Congress
- Foo Fighters Reveal Their New Drummer One Year After Taylor Hawkins' Death
- How a Contrarian Scientist Helped Trump’s EPA Defy Mainstream Science
- Rylee Arnold Shares a Long
- Shootings on Juneteenth weekend leave at least 12 dead, more than 100 injured
- Seiichi Morimura, 'The Devil's Gluttony' author, dies at 90 after pneumonia case
- This Week in Clean Economy: Pressure Is on Obama to Finalize National Solar Plan
Recommendation
Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
California’s Landmark Clean Car Mandate: How It Works and What It Means
Judge overseeing Trump documents case sets Aug. 14 trial date, but date is likely to change
'You forget to eat': How Ozempic went from diabetes medicine to blockbuster diet drug
'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
Robert De Niro and Girlfriend Tiffany Chen Step Out at Cannes Film Festival After Welcoming Baby
Transcript: Sen. Richard Blumenthal on Face the Nation, June 18, 2023
Ulta 24-Hour Flash Deal: Save 50% On the L’Ange Rotating Curling Iron That Does All the Work for You