Fain and the union are clear winners at the end of bargaining, but others like Tesla and President Joe Biden may also come out ahead.
heading into the talks, but not many, if anyone, expected the union to strategically outmaneuver the companies like it did, leading to record deals for 146,000 UAW members with GM,
Fain became the face of the UAW during the talks, utilizing wide-ranging talking points such as fights against billionaires, workers' rights andThanks to his tough rhetoric and frequent live updates during the process, Fain is the face of the victory, too.The"Big Three" Detroit automakers underestimated Fain and the union's strategy, which involved unprecedented, targeted strikes that kept the automakers on edge and helped to give the union leverage over the companies.
"They have the best chance now that they've had an over 40 years to organize the transplants and, perhaps, the nonunion electrical vehicle companies," said Marick Masters, a business professorSince the targeted strikes began Sept. 15, shares of Ford are down by 23%, GM is off by roughly 19%, and Stellantis, which has yet to release expected strike costs, fell about 4%.
The union gradually added plant strikes as part of its targeted, or"stand-up," strike strategy. That means members who were part of the initial strikes or were laid off due to the work stoppages were not paid beyond $500 weekly strike pay for nearly six weeks, while others were never called on to stop working.With the UAW's record wins, such companies risk losing workers to their Detroit rivals' plants.
Stellantis, which has invested heavily in plug-in hybrid electric vehicles for the U.S., has not announced any significant changes to its EV plans.
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