financetom
Business
financetom
/
Business
/
Stellantis Union Workers to Stage Rally Calling on Reopening of Illinois Facility
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Stellantis Union Workers to Stage Rally Calling on Reopening of Illinois Facility
Aug 22, 2024 12:29 AM

01:31 PM EDT, 08/21/2024 (MT Newswires) -- Stellantis ( STLA ) union workers plans to hold a rally Thursday in Belvidere, Illinois, against the company's decision to delay the reopening of Belvidere assembly plant, the union said in a blogpost Wednesday.

"They say they want to 'delay' reopening Belvidere Assembly but they really want to kick the can past our contract expiration so they can suddenly cite 'market conditions' again and never open this plant, never repair the damage they've done to thousands of autoworkers and their families," United Auto Workers President Shawn Fain said in a statement.

The protest was authorized after union workers filed grievances with the company for allegedly failing to honor its investment commitments and the union contract from 2023.

The company previously told MT Newswires that it "strongly objects" to the union's accusations. "The UAW agreed to language that expressly allows the company to modify product investments and employment levels," the company told MT Newswires in an emailed response Tuesday.

The union had previously said its contract with Stellantis ( STLA ) provided the option to strike over product and investment commitments, and it may authorize a strike once the issue had been taken through the grievance procedure.

Stellantis ( STLA ) did not immediately respond to MT Newswires on the latest development.

Price: 16.55, Change: +0.25, Percent Change: +1.53

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 >
AAON's Q2 Earnings, Sales Rise
AAON's Q2 Earnings, Sales Rise
Aug 2, 2024
03:46 AM EDT, 08/02/2024 (MT Newswires) -- AAON ( AAON ) reported Q2 earnings late Thursday of $0.62 per diluted share, up from $0.55 a year earlier. Analysts polled by Capital IQ expected $0.52. Net sales for the quarter ended June 30 were $313.6 million, up from $284 million a year earlier. Analysts surveyed by Capital IQ expected $283.8 million....
Airlines avoid some Mideast airspace, cancel Israel flights as tensions mount
Airlines avoid some Mideast airspace, cancel Israel flights as tensions mount
Aug 2, 2024
Aug 2 (Reuters) - Airlines are avoiding Iranian and Lebanese airspace and cancelling flights to Israel and Lebanon, as concerns grow over a possible conflict in the region after the killing of senior members of militant groups Hamas and Hezbollah this week. Singapore Airlines on Friday appeared to no longer be using Iranian airspace for any of its routes, according...
Cavco Industries Fiscal Q1 Earnings Fall, Revenue Increases
Cavco Industries Fiscal Q1 Earnings Fall, Revenue Increases
Aug 2, 2024
03:52 AM EDT, 08/02/2024 (MT Newswires) -- Cavco Industries ( CVCO ) reported fiscal Q1 earnings late Thursday of $4.11 per diluted share, down from $5.29 a year earlier. Three analysts polled by Capital IQ expected $4.70. Revenue for the quarter ended June 30 was $477.6 million, compared with $475.9 million a year earlier. Three analysts surveyed by Capital IQ...
Bright Horizons Family Solutions Q2 Adjusted Earnings, Revenue Rise
Bright Horizons Family Solutions Q2 Adjusted Earnings, Revenue Rise
Aug 2, 2024
03:46 AM EDT, 08/02/2024 (MT Newswires) -- Bright Horizons Family Solutions ( BFAM ) reported Q2 adjusted earnings late Thursday of $0.88 per diluted share, up from $0.64 a year earlier. Analysts polled by Capital IQ expected $0.77. Revenue for the quarter ended June 30 was $670.1 million, compared with $603.2 million a year earlier. Analysts surveyed by Capital IQ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved