Index Investing News
Sunday, June 7, 2026
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

UAW workers ratify Ultium Cells wage agreement in Ohio By Reuters

by Index Investing News
August 27, 2023
in Markets
Reading Time: 1 min read
A A
0
Home Markets
Share on FacebookShare on Twitter


© Reuters. FILE PHOTO: UAW President Shawn Fain chairs the 2023 Special Elections Collective Bargaining Convention in Detroit, Michigan, U.S., March 27, 2023. REUTERS/Rebecca Cook/File Photo

(Reuters) – The United Auto Workers (UAW) union at Ultium Cells, a joint venture of General Motors (NYSE:) and LG Energy Solution in Lordstown, Ohio, on Sunday said members voted in favor by 895 to 22 votes to ratify an interim agreement that immediately raises wages by $3 to $4 an hour.

Earlier this week, General Motors and LG Energy Solution said they will hike the wages of workers at its Ohio plant by an average of 25% after some U.S. senators blasted the facility for paying workers as little as $16 an hour.

The interim wage increase will be retroactive to December 2022 and some workers will receive between $3,000 to $7,000, based on hours worked. The companies had said workers must still ratify the interim wage increase that takes effect Aug. 28.

The UAW also said negotiations for a complete first contract will continue between the union’s elected bargaining committee and Ultium Cells.

UAW President Shawn Fain said the union “will keep fighting at Ultium and all EV plants to win the same strong pay and safety standards that generations of autoworkers have won at GM, Ford (NYSE:) and Stellantis (MI:).”

On Friday UAW workers voted overwhelmingly in favor of authorizing a strike at the Detroit Three automakers if an agreement is not reached before the current four-year contract expires on Sept. 14.



Source link

Tags: agreementcellsOhioratifyReutersUAWUltiumWageworkers
ShareTweetShareShare
Previous Post

The Hundred: Oval Invincibles beat Manchester Originals in men’s final after record batting partnership | Cricket News

Next Post

Just Listed | 5540 Tamberlane Circle #215

Related Posts

Hot IPO or Hype?

Hot IPO or Hype?

by Index Investing News
June 4, 2026
0

Patterns play out in the stock market. All. The. Time. It’s something you have to know when considering whether the...

Old Dominion Freight Line (ODFL) Still Has a Service-and-Yield Story Beyond Freight Cycles

Old Dominion Freight Line (ODFL) Still Has a Service-and-Yield Story Beyond Freight Cycles

by Index Investing News
May 31, 2026
0

Why Old Dominion is more than a freight-cycle story Old Dominion Freight Line (ODFL) often gets treated like a simple...

New bull market in software stocks hinges on this report

New bull market in software stocks hinges on this report

by Index Investing News
May 27, 2026
0

Options traders are convinced the "SaaS-pocalypse" is over. Whether that's true will likely depend on the market's reaction to Salesforce...

Three signs from APEC that the U.S., China remain far apart on trade

Three signs from APEC that the U.S., China remain far apart on trade

by Index Investing News
May 23, 2026
0

China's Commerce Minister Wang Wentao held a press conference on May 23, 2026, at the end of the APEC trade...

When Giant Companies Triple, You Need THIS Perspective

When Giant Companies Triple, You Need THIS Perspective

by Index Investing News
May 15, 2026
0

I know everybody is excited about the PDT rule change coming in June. It’s going to unshackle millions of accounts. That could...

Next Post
Just Listed | 5540 Tamberlane Circle #215

Just Listed | 5540 Tamberlane Circle #215

80’s Horror Memories staff’s favorite 80’s horror movies

80's Horror Memories staff's favorite 80's horror movies

RECOMMENDED

Israeli startups panic as SVB share price plunges

Israeli startups panic as SVB share price plunges

March 12, 2023
Debt-limit talks advance as White House, GOP agree to cut unspent Covid funding – report

Debt-limit talks advance as White House, GOP agree to cut unspent Covid funding – report

May 22, 2023
Macron speaks of ‘Putin’s paradox’ — RT World News

Macron speaks of ‘Putin’s paradox’ — RT World News

January 10, 2023
England captain Heather Knight has no hesitation putting country before club

England captain Heather Knight has no hesitation putting country before club

March 8, 2024
CIO stays cautious on the Better China markets regardless of huge rally

CIO stays cautious on the Better China markets regardless of huge rally

October 13, 2024
Brits face sharpest fall in living standards on record as government tightens its belt

Brits face sharpest fall in living standards on record as government tightens its belt

November 18, 2022
At the Money: Managing a Portfolio in a Higher Rate Environment

At the Money: Managing a Portfolio in a Higher Rate Environment

April 4, 2024
Manappuram Finance – Sustenance Of 18-20% RoE: Yes Securities

Manappuram Finance – Sustenance Of 18-20% RoE: Yes Securities

December 22, 2023
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In