Daimler Truck faces imminent strike by over 7,300 US workers [Reuters]
General Motors Company (GM)
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Source: Reuters
South by the end of Friday or face a possible strike by the United Auto Workers (UAW) union members. The workers are seeking higher pay, institution of cost-of-living adjustments and greater job security from the heavy-truck maker, UAW President Shawn Fain said during an online speech earlier this week. "Workers' wages at Daimler have not kept up," he said on Tuesday. "The workers are going to come for their fair share. In the new UAW, we don't take concessions. We raise standards for everyone and we fight for what we deserve, and we're not afraid to strike to get it." Fain is scheduled to hold a press conference at 10 pm ET, ahead of a midnight ET strike deadline, during which he is expected to outline whether a strike will occur. The UAW, under Fain, has been aggressive in seeking large raises and other concessions from companies for its members. Last fall, UAW secured large payouts, including 25% pay raises over the life of the new deals, at the Detroit Three automakers - G
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