Today's Business Headlines: 10/25/23
Rep.
The progress in the negotiations came after the union this week walked out at three factories that produce highly profitable pickup trucks and SUVs, adding them to the list of plants already on strike in a strategy to intensify pressure on the companies., halting production of truck-based SUVs that are huge profit makers for the company.
“I think that Shawn Fain struck these plants at this particular time over the past week because he thought they would be near a deal and this would be the extra nudge to get something cemented,” Masters said. “When you look at the movement and the concessions, they’re getting smaller but moving closer to what the union wanted.”When contract talks began in July, the union sought 40% pay raises over four years as well as the restoration of cost-of-living raises.
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