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Auto industry Gives Back Amid Crisis

UAW Finalizes Contract Deals

uaw-worker

The United Auto Workers and Big 3 have been back and forth for several months, but an agreement has finally been made with all three automakers.

 

What does the GM strike mean of the auto industry?

The UAW GM strike rolls on. They haven’t come to an agreement. The union wants higher wages (of course), but strike is also about the two-tiered wage system. Workers hired in 2007 or earlier make about $28 per hour. Workers hired after 2007 make $16-$19. You can see the obvious divide this would cause among workers.

While this agreement was necessary to keep plants open during the recession, we’re far from that now. The union wants to renegotiate the terms of this agreement.

Dieselgate isn’t over

 

Volkswagen may not be the only company with an emissions scandal on its hands. Looks like other automakers may be fibbing too. Europe has strict emissions laws, and after the VW debacle, it decided to look at other brands’ claims as well.

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