What investors should know about the UAW's organizing drive of VW [MSNBC.com]
Rivian Automotive, Inc. (RIVN)
Company Research
Source: MSNBC.com
Key PointsIn this articleVolkswagens are seen in the employee parking lot at the Volkswagen automobile assembly plant on March 20, 2024 in Chattanooga, Tennessee.Elijah Nouvelage | Getty ImagesDETROIT – The United Auto Workers notched a big win this weekend."This is a really profound victory for the UAW and the labor movement in general," said Alex Hertel-Fernandez, a former U.S. Department of Labor official and associate professor at Columbia University. "It's also a really decisive victory."Unionorganizing passedThe German automaker and union, barring any challenges to voting, are expected to move forward with bargaining over a contract for roughly 4,300 workers covered under the vote. The NLRB still needs to certify the results.Here's what investors should know about the vote and next steps for the UAW:The UAW saw last week's vote as the union's best shot at organizing the VW plant following strikes and record contracts withGeneral MotorsFord MotorStellantisThe union, led by Presid
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