8,618.57 TRY BIST 100 BIST 100
4.81 CNY CNY CNY
34.25 USD USD USD
36.78 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
45.27 TRY Interest Interest
73.75 USD Fossil Oil Fossil Oil
32.16 USD Silver Silver
4.35 USD Copper Copper
103.86 USD Iron Ore Iron Ore
374.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,012.92 TRY Gold (gr) Gold (gr)

Strike statement from Biden: Automobile companies should share profits

US President Joe Biden called on companies to share their profits with their employees regarding the strikes that took place in three major automotive companies in the USA.

Strike statement from Biden: Automobile companies should share profits

US President Joe Biden said that no one wants the United Auto Workers union to go on strike in the labor dispute with the three major US automakers, but workers should get a share of the profits made by these companies.

"Nobody wants a strike, but I respect workers' right under the collective bargaining system," Biden told reporters at the White House.

The United Automobile Workers of the United States (UAW) began striking over wages and job security at three legacy automakers in Detroit.

Workers began leaving the Ford Motor Michigan plant on Friday, which produces the Bronco SUV, the General Motors plant in Missouri, which produces the Chevy Colorado midsize pickup, and the Stellantis NV plant in Toledo, Ohio, where the Jeep Wrangler is produced.

After weeks of talks, the union and automakers are still far apart. The strategy was designed to steadily reduce production of profitable vehicles while minimizing the impact on the UAW's strike fund. The union said it would add picket sites depending on how bargaining goes.

"Tonight, for the first time in our history, we will strike all three of the Big Three at the same time," UAW President Shawn Fain said late Thursday. "This strategy will keep companies guessing. This will give our national negotiators maximum power and flexibility in bargaining. And if we have to go all the way, "We will do this. Everything is on the table," he said.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Blastr and Knauf Interfer partner to produce sustainable green steel

Wednesday, October 23, 2024

Sharp reduction in freight tariffs: Turkish exporters enter a challenging period

Saturday, October 19, 2024

GMH Gruppe Acquires Kind & Co.

Thursday, October 10, 2024

Mine Workers Union: "Imported coal is leaving domestic producers jobless"

Sunday, October 6, 2024

Renewable energy: Regulations key to competitiveness

Sunday, October 6, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now