financetom
Business
financetom
/
Business
/
Daimler Truck faces imminent strike by over 7,300 US workers
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Daimler Truck faces imminent strike by over 7,300 US workers
Apr 26, 2024 4:00 AM

April 26 (Reuters) - Daimler Truck must reach

a new labor contract with over 7,300 hourly workers at six

facilities in the U.S. South by the end of Friday or face a

possible strike by the United Auto Workers (UAW) union members.

The workers are seeking higher pay, institution of

cost-of-living adjustments and greater job security from the

heavy-truck maker, UAW President Shawn Fain said during an

online speech earlier this week.

"Workers' wages at Daimler have not kept up," he said on

Tuesday. "The workers are going to come for their fair share. In

the new UAW, we don't take concessions. We raise standards for

everyone and we fight for what we deserve, and we're not afraid

to strike to get it."

Fain is scheduled to hold a press conference at 10 pm ET,

ahead of a midnight ET strike deadline, during which he is

expected to outline whether a strike will occur.

The UAW, under Fain, has been aggressive in seeking large

raises and other concessions from companies for its members.

Last fall, UAW secured large payouts, including 25% pay raises

over the life of the new deals, at the Detroit Three automakers

- General Motors ( GM ), Ford and Stellantis ( STLA ).

At Daimler Truck, which makes Freightliner and Western Star

trucks and Thomas Built buses, about 96% of workers at four

factories in North Carolina, and parts warehouses in Georgia and

Tennessee voted in March to authorize a strike.

The union has filed unfair labor practice charges with the

U.S. National Labor Relations Board (NLRB) against the company,

citing violation of workers' rights and federal labor laws, and

for failing to bargain in good faith.

Daimler Truck did not respond to a Reuters' request for a

comment on the matter.

Since the deals last fall with the Detroit Three, the UAW

has turned its efforts to organizing non-union U.S. plants of

more than a dozen automakers.

The UAW clinched a historic victory at a Volkswagen

plant in Chattanooga, Tennessee last week, and

workers at a Mercedes factory in Vance, Alabama, are

going to vote on whether to join the labor union during the week

of May 13.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Walmart Insider Sold Shares Worth $2,411,298, According to a Recent SEC Filing
Walmart Insider Sold Shares Worth $2,411,298, According to a Recent SEC Filing
Oct 27, 2024
05:11 PM EDT, 10/25/2024 (MT Newswires) -- C Douglas McMillon, Director, President and CEO, on October 24, 2024, sold 29,124 shares in Walmart ( WMT ) for $2,411,298. Following the Form 4 filing with the SEC, McMillon has control over a total of 4,903,537 shares of the company, with 3,843,929 shares held directly and 1,059,608 controlled indirectly. SEC Filing: https://www.sec.gov/Archives/edgar/data/104169/000112760224025997/xslF345X05/form4.xml...
MDJM Gets Nasdaq Noncompliance Notice; Shares Fall After Hours
MDJM Gets Nasdaq Noncompliance Notice; Shares Fall After Hours
Oct 27, 2024
04:54 PM EDT, 10/25/2024 (MT Newswires) -- MDJM ( MDJH ) said late Friday it was notified by Nasdaq that the company is not in compliance with the stock exchange's $1 per share minimum bid price requirement for continued listing. The notice was issued after the company failed to meet the minimum bid price requirement due to the closing bid...
SIFCO Industries Names New CFO
SIFCO Industries Names New CFO
Oct 27, 2024
04:46 PM EDT, 10/25/2024 (MT Newswires) -- SIFCO Industries ( SIF ) said Friday it named Jennifer Wilson Skuhrovec as chief financial officer, effective Nov. 13. She succeeds Thomas Kubera, who was CFO since 2018 and announced his plan to retire earlier this year, the company said. The new CFO joined SIFCO in 2019. ...
Beyond Air Files Prospectus for Sale of Roughly 81.7 Million Shares; Stock Falls After Hours
Beyond Air Files Prospectus for Sale of Roughly 81.7 Million Shares; Stock Falls After Hours
Oct 27, 2024
04:59 PM EDT, 10/25/2024 (MT Newswires) -- Beyond Air ( XAIR ) filed a preliminary prospectus Friday for the sale from time to time of up to about 81.7 million common shares of the company by certain investors. The potential offering includes shares issuable upon the exercise of prefunded warrants, it said. While the company will not receive any proceeds...
Copyright 2023-2026 - www.financetom.com All Rights Reserved