Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!
In what is continuing to be a protracted battle with General Motors, the United Auto Workers union on Monday launched a strike involving nearly a thousand workers at a giant SUV plant in Texas. Hundreds of workers at the GM Arlington Assembly Plant in Texas walked off the job early Monday morning, joining the 49,000 other members of the union on strike with the Detroit-based automaker. It’s the latest action in the union’s long-running labor dispute with the company, which began nearly three weeks ago.
The Arlington plant is GM’s largest SUV assembly facility, churning out GMC Yukons, Cadillac Escalades, GMC Yukon XLs and Chevrolet Suburbans. The new strike follows disputes over wages, healthcare, temporary workers and the closure of a plant in Lordstown, Ohio.
The UAW has said the purpose of the walkouts is to win fairer wages, benefits, and job security for its members, who have thus far seen little progress in negotiations with GM. GM, meanwhile, has maintained that the union is using recently issued layoff notices as a lever in the negotiations.
Both sides appear to be at an impasse, and it’s unclear how long the strikes could last. Should negotiations remain deadlocked, GM could find itself facing supply shortages or disruptions in production that will no doubt affect its bottom line.