Detroit Automakers Agree to UAW Request to Shutter US Plants
The actions come less than a day after the automakers and the United Auto Workers union agreed to keep plants ...
The actions come less than a day after the automakers and the United Auto Workers union agreed to keep plants ...
UAW President Rory Gamble, in a letter to union members on Tuesday, said the automakers had until Tuesday afternoon to respond ...
by Eugene Townes | Nov 21, 2019 | News
Vance Pearson, a UAW regional director who had been charged in September, will also be removed.
In a statement, Fiat Chrysler called the lawsuit “meritless” and said it would defend itself vigorously.
Ashton was charged with conspiracy to commit wire fraud and conspiring to commit money laundering.
GM was forced to lower its earnings forecast for the year due to the massive cost of the 40-day strike.
Under the deal, GM agreed to invest about $7.7 billion in its factories, creating or keeping 9,000 jobs.
The company's shares, which had fallen double digits during the strike, were down a bit after the news.
The deal cost workers thousands in wages, and analysts estimate that GM lost $2B due to the strike.
Both sides are under pressure to end the walkout, which has forced workers to live on $250-$275 per week.
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