Friday, May 17, 2024

Biden says striking UAW workers deserve ‘fair share’ of record automaker profits

President Joe Biden on Friday presented fortify to United Auto Workers union individuals amid their strike in opposition to the Big 3 U.S. automakers.

“I believe they should go further to ensure record corporate profits mean record contracts for the UAW,” Biden mentioned in short remarks on the White House. “Let me say it again. Record corporate profits, which they have, should be shared by record contracts for the UAW.”

The United Auto Workers or UAW, began a strike early Friday morning in opposition to General Motors, Ford and Stellantis. Nearly 13,000 workers walked out of 3 auto vegetation in Michigan, Missouri and Ohio.

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Biden mentioned he understood the “frustration” of workers who helped stay the trade afloat throughout the coronavirus pandemic and financial disaster.

“Workers deserve a fair share of the benefits they helped create for an enterprise,” he mentioned.

The strike can be a political take a look at for Biden, who says he is probably the most pro-union president in historical past, and his financial time table heading into 2024.

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Economists in the past informed ABC News a strike may lead to billions of greenbacks in losses, disruption to the provision chain and different monetary penalties.

“It’s my hope that the parties can return to the negotiation table to forge a win-win agreement,” Biden mentioned Friday.

PHOTO: President Joe Biden delivers remarks on the contract negotiations between the United Auto Workers and auto companies in the Roosevelt Room at the White House, Sept. 15, 2023.

President Joe Biden delivers remarks at the contract negotiations between the United Auto Workers and auto firms within the Roosevelt Room on the White House, Sept. 15, 2023.

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Kevin Dietsch/Getty Images

President Biden in the past predicted the union would now not strike. He informed journalists after celebrating workers in a Labor Day speech in Philadelphia that he wasn’t “worried about a strike until it happens. I don’t think it’s going to happen.”

Biden spoke with UAW president Shawn Fain and leaders of the car firms on Thursday to speak about ongoing negotiations hours earlier than the middle of the night time limit.

But through 10 p.m., Fain mentioned workers have been ready to strike if a deal wasn’t reached. Sticking issues in negotiations have been salary will increase and the period of the workweek.

UAW boasts just about 150,000 individuals however now not all are strolling out of the process immediately. The union is using a “stand-up” strike approach to goal particular vegetation and upload to the listing if a deal is not reached.

“This strategy will keep the companies guessing,” Fain mentioned. “It will give our national negotiators maximum leverage and flexibility in bargaining. And if we need to go all out, we will. Everything is on the table.”

The president is deploying performing Labor Secretary Julie Su and White House senior adviser Gene Sperling to Detroit to supply their fortify for the events in attaining an settlement.

“The bottom line is that auto workers who create America’s middle class, they deserve a contract that sustains them in the middle class,” Biden mentioned.

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