Trading & Financial News
No Result
View All Result
Saturday, June 28, 2025
  • Login
  • Economy
  • Markets
  • Forex News
  • Investing
  • Stock Trading
  • Crypto
Subscribe
Trading & Financial News
  • Economy
  • Markets
  • Forex News
  • Investing
  • Stock Trading
  • Crypto
No Result
View All Result
Trading & Financial News
No Result
View All Result
Home Markets

Union vote underway at Volkswagen’s only US plant

by Tradinghow
April 17, 2024
in Markets
A A
0
Union vote underway at Volkswagen’s only US plant
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter


FOX Business spoke to three United Auto Workers union members on why they’re backing Donald Trump for president in 2024.

Workers at Volkswagen’s lone U.S. factory are voting this week on whether to join the United Auto Workers in what is the union’s third attempt at organizing the plant.

Voting began Wednesday for the 4,100 hourly employees at Volkswagen’s factory in Chattanooga, Tennessee, and will extend through Friday.

A Volkswagen automobile assembly plant March 20, 2024, in Chattanooga, Tenn. The 4,100 hourly workers at the plant are voting this week on whether to unionize with the UAW. (Elijah Nouvelage/Getty Images / Getty Images)

Ticker Security Last Change Change %
VWAGY VOLKSWAGEN AG 15 +0.00 +0.00%

This is the third time in 10 years the UAW has sought to represent VW Chattanooga workers, and winning a vote to organize the VW plant would be a significant milestone for the union. 

The UAW has tried and failed for years to organize nonunion U.S. auto factories, most of them built by Asian and European automakers in southern states. But after a successful simultaneous strike at Detroit’s Big Three automakers last year, the UAW is feeling momentum to expand.

MORE CVS PHARMACIES JOIN MOVEMENT TO UNIONIZE

UAW President Shawn Fain vowed the union would “pull out all the stops” to organize workers at non-union automakers like Volkswagen, Tesla, Toyota, Honda, Mercedes and others after securing record-setting contracts for UAW workers at Ford, GM and Stellantis.

Ticker Security Last Change Change %
F FORD MOTOR CO. 12.03 -0.06 -0.50%
GM GENERAL MOTORS CO. 42.46 -0.19 -0.45%
STLA STELLANTIS NV 25.78 -0.01 -0.05%

UAW members attend a rally in support of the labor union strike at the UAW Local 551 hall on the South Side Oct. 7, 2023, in Chicago. (Jim Vondruska/Getty Images / Getty Images)

In 2019, VW workers at the plant rejected union representation by an 833-776 vote. The Chattanooga plant is Volkswagen’s only non-union plant globally.

“We respect our workers’ right to a democratic process and to determine who should represent their interests,” Volkswagen told FOX Business in a statement following the announcement of the latest vote. “We will fully support an NLRB vote, so every team member has a chance to vote in privacy in this important decision.”

AMERICANS SHOULD ‘ABSOLUTELY BE CONCERNED’ ABOUT DATA COLLECTION, SPYING FROM CHINESE EVS: AUTO EXPERT

Volkswagen said in November it would raise the pay of its factory workers in Tennessee by 11%, joining several other foreign automakers that announced significant pay and compensation improvements following the UAW’s contract with the Big Three automakers.

Volkswagen’s Chattanooga, Tennessee, factory is its only non-union plant globally. (Friso Gentsch/picture alliance via Getty Images / Getty Images)

The day before voting began at VW’s Chattanooga plant, the Republican governors of Alabama, Georgia, Mississippi, South Carolina, Tennessee and Texas issued a joint statement in opposition to the UAW’s unionization push into the South.

“Unionization would certainly put our states’ jobs in jeopardy. In fact, in this year already, all of the UAW automakers have announced layoffs,” the governors’ statement says.

https://primexbt.investments/start_trading/?cxd=459_549985&pid=459&promo=[afp7]&type=IB https://primexbt.investments/start_trading/?cxd=459_549985&pid=459&promo=[afp7]&type=IB https://primexbt.investments/start_trading/?cxd=459_549985&pid=459&promo=[afp7]&type=IB

GET FOX BUSINESS ON THE GO BY CLICKING HERE

“In America, we respect our workforce, and we do not need to pay a third party to tell us who can pick up a box or flip a switch. No one wants to hear this, but it’s the ugly reality,” the statement continued. “We’ve seen it play out this way every single time a foreign automaker plant has been unionized; not one of those plants remains in operation.”

FOX Business’ Eric Revell and Reuters contributed to this report.



Source link

  • Trending
  • Comments
  • Latest
The Evolving International Cannabis Landscape

The Evolving International Cannabis Landscape

March 20, 2024
UK Faces Two Decades of No Earnings Growth and More Austerity

UK Faces Two Decades of No Earnings Growth and More Austerity

July 29, 2023
Uniswap Launches Permissionless Bridging Across 9 Networks

Uniswap Launches Permissionless Bridging Across 9 Networks

October 24, 2024
China tech groups lead multibillion-dollar campaign to help exporters sell at home

China tech groups lead multibillion-dollar campaign to help exporters sell at home

April 20, 2025
High Street Retailers Pin Hopes On Discount Splurge In Black Friday Fever

High Street Retailers Pin Hopes On Discount Splurge In Black Friday Fever

0
UK Faces Two Decades of No Earnings Growth and More Austerity

UK Faces Two Decades of No Earnings Growth and More Austerity

0
Learn how to trade. For beginners

Learn how to trade. For beginners

0
Trading for beginners

Trading for beginners

0
Nigerian billionaire, Dangote, sets ambitious goal with .5 billion fertilizer plant

Nigerian billionaire, Dangote, sets ambitious goal with $2.5 billion fertilizer plant

June 27, 2025
Crizac fixes IPO price band at ₹233-245

Crizac fixes IPO price band at ₹233-245

June 27, 2025
Analyzing the Russell Indexes Last Annual Reconstitution

Analyzing the Russell Indexes Last Annual Reconstitution

June 27, 2025
China’s ‘Summer Davos’ offers rare respite from trade war

China’s ‘Summer Davos’ offers rare respite from trade war

June 27, 2025

Recent News

Nigerian billionaire, Dangote, sets ambitious goal with .5 billion fertilizer plant

Nigerian billionaire, Dangote, sets ambitious goal with $2.5 billion fertilizer plant

June 27, 2025
Crizac fixes IPO price band at ₹233-245

Crizac fixes IPO price band at ₹233-245

June 27, 2025

Categories

  • Business
  • Crypto
  • Economy
  • Forex News
  • Investing
  • Markets
  • More
  • Stock Trading
  • Trading for beginners

Site Navigation

  • Home
  • Contact Us
  • Stock Trading
  • Markets
  • Investing
  • Other Links
  • Privacy & Policy
Trading & Financial News

We bring you the fastest breaking news on Trading, forex, and finance submitted from credible and reliable news sources around the world.

© 2023 Tradinghow Useful forex analysis and financial news, submitted by credible news sources around the world.tradinghow.

No Result
View All Result
  • Contact Us
  • Home
  • Economy
  • Crypto
  • Investing
  • Markets
  • Forex News
  • Stock Trading

© 2023 Tradinghow Useful forex analysis and financial news, submitted by credible news sources around the world.tradinghow.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In