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What Do Striking US Auto Workers Want? | The Big Take
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September 18, 2023
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20:21Now PlayingOn Friday, US auto workers started an unprecedented strike against all three of the legacy Detroit carmakers. If the standoff isn’t resolved quickly, it could ripple through the US economy.
Bloomberg’s Detroit Bureau Chief David Welch joins this episode to talk about what the union is demanding–and whether the companies will give them what they want.
Read moreHow Auto Executives Misread the UAW and Ignited a Historic Strike ()
GM, Ford and Stellantis underestimated just how combative union leadership has become after decades of discontent.
Detroit automakers survived a pandemic and semiconductor shortage. They were embracing a historic transition to the electric-vehicle era, underwritten by billions in subsidies from the Biden administration. Profits were rolling in.
Then came Hurricane Fain.
The walkout led by United Auto Workers President Shawn Fain at three General Motors Co., Ford Motor Co. and Stellantis NV factories is no ordinary labor-versus-industry clash. The 54-year-old former Chrysler electrician is pushing for a dramatic reset of the wage scales and working conditions that would meaningfully change the economics of car manufacturing. He’s taken aback executives with eye-watering demands for 40% pay increases over the next four years and a 32-hour work week — unheard of in American manufacturing.
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Each weekday, The Big Take brings you one story—one big, important story. Host Wes Kosova talks to Bloomberg journalists around the world, experts and the people at the center of the news to help you understand what’s happening, what it means and why it matters. Money, politics, the economy and business, energy, the environment, technology—we cover it all on The Big Take.
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