Connect with us

Hi, what are you looking for?

News

GM Talks Stall Amid Third Week Of Strike

General Motors (GM) and United Auto Workers (UAW) have hit a rough patch in negotiations as the third week of the strike at GM unfolds. More than 50,000 UAW members remain on strike, citing concerns about job security due to GM’s overseas production.

The strike, which started on September 16th, was triggered by issues related to wages, healthcare, and pensions. After suffering losses of up to $1 billion, GM has closed several American factories due to lack of profitability.

UAW Vice President Terry Dittes highlighted the importance of job security, emphasizing the need for vehicles sold in the U.S. to be manufactured locally. Talks between GM and UAW have taken a negative turn as GM rejected the union’s latest proposal, making this strike the largest work stoppage in the U.S. since 2007.

You May Also Like

News

Peloton, known for their stationary exercise bikes and treadmills, has faced significant financial challenges over the past year. The company experienced a surge in...

News

Amid the ongoing global supply chain challenges, many retailers in the United States are grappling with surplus seasonal stock, leading to increased storage costs...

News

With the continuous increase in gas prices, a decrease in consumer confidence, and the ongoing conflict in Ukraine, the European economy faces significant challenges....

News

As the demand for electric vehicles grows and the push for environmental sustainability increases, automakers are gearing up to focus more on the development...

News

Today, Brian Armstrong, the CEO of Coinbase, conveyed to his team through a company-wide email that due to declining stock and crypto values and...

News

Recently, Peiter “Mudge” Zatko, a former cybersecurity specialist at Twitter, published a whistleblowing document on the platform. Zatko highlighted several security issues with Twitter,...

News

Zelle is a popular peer-to-peer payment service that allows individuals to send and receive money, similar to apps like Venmo. It is widely used,...

News

Recently, after Chinese President Xi Jinping secured a third term, there was a sharp decline in the stock market in Hong Kong. Investors became...