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

UAW says majority of workers at Ford joint-venture battery plant sign union cards

by November 20, 2024
written by November 20, 2024

By Nora Eckert

DETROIT (Reuters) – A majority of workers at a Ford Motor (NYSE:F) joint-venture battery plant in Kentucky have signed cards indicating their support for the United Auto Workers, the union said on Wednesday.

The Blue Oval SK plant is owned by a partnership of South Korea’s SK On and Ford, and is the latest electric vehicle-related battleground for the union as it seeks to grow its membership.

The UAW earlier this year invested $40 million to organize non-union automakers across the United States, a push that included companies such as Tesla (NASDAQ:TSLA) and Toyota (NYSE:TM).

The UAW said a “supermajority” of workers at the Ford Kentucky battery plant had signed union cards indicating their support. It did not specify the percentage.

Battery plants owned by Ford and General Motors (NYSE:GM) have been in UAW President Shawn Fain’s sights since he led a six-week strike against the Detroit Three last autumn, and demanded workers at EV-related plants be union members as well as those at existing gasoline-engine plants.

At the time, Ford CEO Jim Farley said Fain was “holding the deal hostage over battery plants.”

Representatives for Ford and Blue Oval SK did not respond to requests for comment.

Fain has said unionizing these battery and EV manufacturing centers will be critical to the UAW’s future success, especially as its ranks dwindle.

The union previously notched victories with Ultium Cells, a joint venture between GM and LG Energy Solution at plants in Ohio and Tennessee. In June, the union reached a tentative contract at an Ohio GM battery plant, and in September, GM agreed to recognize the union at an Ultium plant in Tennessee.

If the process continues at Ford’s Kentucky battery hub, workers will hold a formal vote on whether to join the union.

A UAW win would mean starting pay for workers there will increase from $21 an hour to $26.32, the union said, with the potential to make over $42 an hour after three years, in line with the current contract with Ford.

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

previous post
Non-recessionary rate-cutting cycle should support credit, Pinebridge says
next post
Wall St slips as Russia-Ukraine tensions escalate ahead of Nvidia earnings

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

    • Trump implies government could cut contracts and subsidies to Musk’s companies

      June 7, 2025
    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 5, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (505)
    • Stock (6,426)

    Latest News

    • Trump implies government could cut contracts and subsidies to Musk’s companies
    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring

    Popular News

    • ServiceTitan Prices 8.8M Share IPO at $71/sh
    • StanChart sets $200 billion new wealth assets target, focuses on Chinese and Indian wealthy

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

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