General Motors (GM) call put ratio 3.7 calls to 1 put
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UAW president calls GM counteroffer 'insulting'
September 7, 2023 3:25 PM EDTGeneral Motors (NYSE: GM), Thursday, presented a counteroffer to the United Auto Workers (UAW) union, aiming to prevent an expensive strike. However, the President of the United Auto Workers, Shawn Fain, called the proposal "insulting."
GM mentioned that they put forward an offer to the union ahead of the September 14 contract deadline, offering workers a 10% pay raise and two extra annual lump sum payments of 3% each over four years.
Fain, who represents 146,000 workers, said GM's offer was "an insulting proposal that doesnt come close to an equitable agreement for Americas... More
UAW issues counteroffer to Ford (F); awaits Stellantis (STLA) offer later this week
September 7, 2023 11:00 AM EDTOn Wednesday, the United Auto Workers (UAW) union presented their own counterproposal on money matters for Ford Motor (NYSE: F). Meanwhile, Stellantis (NYSE: STLA), the parent company of Chrysler, is getting ready to share their counteroffer later this week.
As the current four-year labor agreements covering 146,000 workers at the Detroit Three automakers are set to expire on September 14, discussions are becoming increasingly... More
UAW to send counteroffer to Ford (F)
September 6, 2023 2:46 PM EDTAccording to an undisclosed insider cited by Reuters Wednesday, the United Auto Workers union intends to present a counterproposal concerning economic matters in their labor contract negotiations with Ford Motor (NYSE: F).
Last week, Ford announced that it had extended an offer of a... More
CFRA warns of potential for 'lengthy UAW strike'
September 6, 2023 10:23 AM EDTAs the UAW contract deadline approaches, CFRA is warning investors to prepare for a potentially lengthy UAW strike.
Given the impending expiration of the four-year labor agreement, which covers around 150,000 UAW members, on September 14th at midnight, and considering the substantial differences between the two parties in wage negotiations and various other matters, coupled with the UAW's overwhelming approval of strike authorization (with a 97 percent vote, as widely anticipated), CFRA believes that the likelihood of a strike is extremely high. In fact, they are of the opinion that the strike could potentially endure... More
