The unexpected strike against a lucrative truck plant in Kentucky might signal a new phase in the strike with more implications for the broader economy.
UAW local 862 members strike outside of Ford's Kentucky Truck Plant in Louisville, Ky. on Thursday. | Michael Clevenger/Courier Journal via APThe United Auto Workers’ sudden expansion of its strike to a lucrative Ford truck-producing plant increases the risk that the economic effects of the work stoppage could start spreading, especially if the union begins pursuing a more aggressive posture toward GM and Stellantis, as well.
The union has been pushing for double-digit wage increases and other concessions, citing the companies’ strong profits and soaring executive compensation. The United Auto Workers union significantly escalated its walkout against Detroit's Three automakers, shutting down Ford's largest factory and threatening Jeep maker Stellantis. | Michael Clevenger/Courier Journal via APA Ford official said the Louisville, Ky., plant where workers hit the picket line Wednesday, the Kentucky Truck Plant, accounts for around a quarter of the company’s global revenue, or $25 billion.
Fain is determined to wring landmark concessions from the companies on wages, benefits and the transition to a large electric vehicle fleet that is under way. But he has pursued a novel strategy of targeting all three for limited strikes rather than the traditional approach of singling out one company and then applying the same contract terms to the other two.
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