• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

Stellantis files new suits against United Auto Workers union

by October 7, 2024
written by October 7, 2024

(Reuters) – Chrysler parent Stellantis (NYSE:STLA) said Monday it has filed eight additional lawsuits against the United Auto Workers and 23 union locals, saying the union has violated its contract by threatening to strike over the company’s delays in planned investment.

Stellantis on Thursday had filed suit against the UAW and UAW Local 230 in Los Angeles over the union’s decision to take a strike authorization vote saying it violates terms of the contract reached last fall. The Italian-American automaker said the new suits prompted a meeting with Stellantis on Saturday that proposed reinstituting a concept called the Jobs Bank, which the automaker called “a contributing factor to the automaker’s bankruptcy in 2009.” The automaker rejected the proposal saying it “would jeopardize the company’s future.”

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Markets are expecting China to roll out “significant” fiscal stimulus, UBS says
next post
Exclusive-Samsung Electronics says it is not interested in spinning off foundry business

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • What Trump’s Nvidia and AMD China deal means for the world

      August 12, 2025
    • A top Federal Reserve official says bleak jobs data backs the case for 3 rate cuts

      August 11, 2025
    • Bed Bath & Beyond relaunches with first store in Nashville, plans dozens more

      August 9, 2025
    • Lawsuit accuses Apple of stealing trade secrets to create Apple Pay

      August 9, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (594)
    • Stock (6,426)

    Latest News

    • What Trump’s Nvidia and AMD China deal means for the world
    • A top Federal Reserve official says bleak jobs data backs the case for 3 rate cuts

    Popular News

    • French budget packs bigger tax punch than first meets the eye
    • Aerospace stocks soar on new space exploration commitments

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy