Thousands of workers went on strike at the General Motors factory

In the statement issued by the United Auto Workers Union of the United States (UAW), it was reported that 5,000 unionized workers from the city of Arlington, Texas, participated in the strike called “Stand Up.”

The statement said workers stopped production at GM’s “largest and most profitable” factory.

The statement noted that some of GM’s most profitable vehicles such as the Chevy Tahoe, Chevy Suburban, GMC Yukon and Cadillac Escalade were produced at the factory in question, and noted that the strike decision came hours after GM announced its third quarterly balance sheet.

THE NUMBER OF WORKERS ON STRIKE EXCEEDS 45 THOUSAND

Although GM’s profits exceeded “Wall Street expectations,” the company’s latest offer “failed to reward union members for the profits made,” according to the statement.

The statement emphasized that it was clear that GM could do more to repair the damage done to workers by years of falling real wages and standards, and as the auto workers’ strike approached its sixth week, the total number of UAW members The number of strikes against the three major automakers, GM, Ford and Stellantis, was 45. It was recorded to have exceeded a thousand.

The statement states that Ford, GM and Stellantis have made a quarter of a trillion dollars in profits in North America over the past 10 years, with the profits of the three major automakers totaling $21 billion in Only the first 6 months of this year, but companies still give their workers a fair share of record profits. It was reported that he still refused to make contracts that would give him

GM MAKES PROFITS IN THE THIRD QUARTER OF THE YEAR

According to GM’s balance sheet announced today, the company’s net profit decreased by 7.3 percent in the third quarter of this year compared to the same period last year, reaching $3.1 billion.

The company’s earnings per share, which in the third quarter of last year was $2.25, in the same period this year was $2.20.

The automaker’s revenue increased by 5.4 percent in the same period, reaching $44.1 billion.

The company’s profit exceeded market expectations despite the decline recorded in said period.

AUTOMOTIVE WORKER STRIKE

After UAW negotiations with Ford, GM and Stellantis over a new contract for approximately 150,000 workers failed to reach an agreement, on September 14, the end date of the current contract, approximately 13,000 workers decided to strike in 3 factories in Michigan, Missouri and Ohio.

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.

By that time, the union had expanded the strike to include 8 assembly plants and 38 parts distribution centers in 22 states.

Finally, the union announced yesterday that 6,800 more members of the Stellantis assembly plant in Sterling Heights went on strike as part of the strike it launched against three major automakers.

On the other hand, the economic consulting firm Anderson Economic Group (AEG), based in Michigan, reported in its latest analysis of the “Stand Up” strike that the cost of the strike exceeded $9.3 billion in 5 weeks. (AA)