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Stock impact report

VW Workers in Tennessee Start Vote on U.A.W., Testing Union Ambitions [The New York Times]

Toyota Motor Corporation (TM) 
US:NYSE Investor Relations: toyota-global.com/investors
Last fall the United Automobile Workers union won big pay increases from the Detroit automakers, and the impact rippled quickly through the nonunion auto plants scattered across the South.Afterward, Toyota, Honda, Volkswagen, Nissan, Hyundai and Tesla raised wages for their own hourly workers in the United States, none of whom are unionized. On production lines in Alabama, Tennessee, Kentucky and elsewhere, those pay increases have been referred to as the “U.A.W. bump.”Now 4,300 workers at Volkswagen’s plant in Chattanooga, Tenn., will test whether the union can achieve an even greater bump. On Wednesday, they begin voting on whether to join the U.A.W., and the prospects of a union victory appear high. About 70 percent of the workers pledged to vote yes before the union asked for a vote, according to the U.A.W.“I think our chances are excellent,” said Kelcey Smith, 48, who has worked in the VW plant’s paint department for a year and is a member of a committee working to build support Show less Read more
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