Union workers at Volvo Group-owned Mack Trucks (VOLVb.ST) overwhelmingly rejected a proposed five-year contract deal and will go on strike at 7 a.m. Monday (2300 GMT), the United Auto Workers said late on Sunday.
A United Auto Workers union member holds a sign outside Stellantis Sterling Heights Assembly Plant, to mark the beginning of contract negotiations in Sterling Heights, Michigan, U.S. July 12, 2023. REUTERS/Rebecca Cook/File Photooverwhelmingly rejected a proposed five-year contract deal and will go on strike at 7 a.m. Monday , the United Auto Workers said late on Sunday.
About 73% of workers voted against the deal covering 4,000 workers, the UAW said. The proposed deal had included a 19% pay hike.Exxon Mobil's investors now prefer the company use its share price and financial might to acquire existing oil and gas production rather than spend on drilling that could take years to pay off.
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