This morning, Stellantis reported record profits for the first half of 2023, posting $12.1 billion (10.9 billion euros) in net profit. That’s a 37 percent increase over last year. Only 33 percent of Stellantis’ global workforce is in North America, yet workers here made the bulk of the automaker’s operating income: 57 percent of the automaker’s $15.7 billion (14.1 billion euros) in operating income was made in North America. The 150,000 UAW members at Stellantis, Ford and General Motors began negotiations for a new contract with the three automakers this month. Altogether, the Big Three companies made a quarter-trillion dollars ...
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In 100 days, contracts expire for 150,000 autoworkers at Ford, General Motors, and Stellantis. UAW members are gearing up to win big for working class communities across the country. This contract fight will be the UAW’s defining moment as the auto industry transitions to electric vehicles. We’re setting a new standard, and members are united in the fight for our core demands: Ending wage and benefit tiers that divide workers Bringing back cost-of-living-adjustments (COLA) Job security when companies are making record profits Building a sustainable future for workers who build electric vehicles The Big Three have made a quarter of ...
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“Stellantis’ push to cut thousands of jobs while raking in billions in profits is disgusting,” said UAW President Shawn Fain. “This is a slap in the face to our members, their families, their communities, and the American people who saved this company 15 years ago. Even now, politicians and taxpayers are bankrolling the electric vehicle transition, and this is the thanks the working class gets. Shame on Stellantis.” UAW Vice President Rich Boyer said “Our union is working around the clock to get justice for the members impacted by these job cuts. We look forward to Stellantis doing the right ...
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