Agreement that covers 4 thousand workers on automotive strike in the US.

In the United States, a provisional agreement was reached between the United Automotive Workers Union (UAW) and Mack Trucks, a subsidiary of the Swedish Volvo group, on a wage increase that affects 4,000 workers.

On the UAW account on the social media platform

“The terms of this interim agreement will provide significant wage increases and continued world-class benefits for Mack employees and their families,” Mack Trucks President Stephen Roy said in a statement.

THE COST OF THE STRIKE IS 4 BILLION DOLLARS

The cost of the strike launched by the United Automobile Workers Union (UAW) in the US against three US automakers was reported to have approached $4 billion in the first two weeks.

Michigan-based economic consulting firm Anderson Economic Group (AEG) shared its latest analysis of the “Stand Up” strike organized by UAW workers against General Motors (GM), Ford Motor and Stellantis.

AEG’s statement stated that the strike was estimated to have caused an economic loss of approximately $4 billion in the first two weeks, including $325 million in direct wage losses, $1.12 billion in losses of producers, $1.29 billion in supplier losses, and $1.2 billion in distributor losses, which were reported to consist of producer losses.

The statement specifies that these figures do not include factory closures, extensions of strikes or layoffs after September 29, the third week of the strike, and that these factors will be included in the calculations for the third week and subsequent weeks.

The statement noted that the second week of the strike caused more losses than the first and that the third week was expected to be significantly more costly for Ford.

In his assessment of the matter, AEG senior manager Patrick Anderson emphasized that suppliers were greatly affected by the UAW’s strategy of announcing only hours in advance the closure of certain facilities, and that the closure of 38 distribution centers of spare parts also interrupted dealer service operations. and caused more UAW employees to lose wages. He pointed out that it was.

AUTOMOTIVE WORKER STRIKE

Approximately 13,000 workers decided to strike after UAW negotiations with Ford, GM and Stellantis over the new contract for approximately 150,000 workers did not reach an agreement as of September 14, the end date of the current contract.

Thus, the auto workers’ strike targeting the three major automakers began on September 15 and, for the first time in the union’s 88-year history, workers at three auto factories went on strike together.

The union announced on September 22 that it would extend the strike against GM and Stellantis due to a lack of progress in new contract negotiations.

Last week, the UAW announced that 7,000 more members working at Ford Motor and General Motors would go on strike, and announced that there would be no new strike at Stellantis because improvements were made to the contract. increased to 25 thousand. . (AA)