A General Motors bring production to a halt at 55 plants across the United States the current contract between workers represented by the u. A. W. And bosses at g. M. Expired saturday night and the decision to axe to not to extend the previous agreement and extend instead strike was made by a unanimous vote of the u. A. W. Regional leaders u. A. W. Workers are determined to draw the line on wages Health Insurance Cost Increases and management exploitation of temp positions the action by u. A. W. Workers does not affect their status under existing collective bargaining agreements with the other 2 of the famed big 3 u. S. Automakers ford and chrysler g. M. Workers so any gains despite describe the work mood among workers here another know. You say we buy. Our to keep this company running. Record profits theyre making now off our labor they dont want to even give any bag what they want to take and thats not right this betrayed. Experts say both sides will feel pain from a long strike u. A
Current currencies continue to disrupt the payments space governments are waking up to the risks christiane managed to catch up with matthew walk to get his view on the future of regulation in the thin tech space so much content to fit in just 27 minutes can we do it just watch lets go to the 1st strike in more than 10 years by the United Auto Workers union leads our global report today as 46000 workers at General Motors bring production to a halt at 55. 00 plants across the United States the current contract between workers represented by the u. A. W. And bosses at g. M. Expired saturday night and the decision to axe to not to extend the previous agreement and extend instead strike was made by a unanimous vote of the u. A. W. Regional leaders u. A. W. Workers are determined to draw the line on wages Health Insurance Cost Increases and management exploitation of temp positions the action by u. A. W. Workers does not affect their status under. Existing collective bargaining agreements w
Another know. You say we gave. Our to keep this Company Running and now this company is making record profits theyre making now our labor they dont want to even give any bag what they want to continue to take and thats not right this trade. Experts say both sides will feel pain from a long strike u. A. W. Workers have a strike fund of 850000000. 00 from which they will receive 250. 00 in weekly strike wages meanwhile Industry Experts say g. M. Will lose about 50000000. 00 each day the strike goes on General Motors stock fell more than 3 and a half percent in monday morning trading. And there was a dramatic though expected turn in the legal drama surrounding part Purdue Pharma the corporate career creator of oxycontin the drug experts place at the center of the u. S. Opioid abuse addiction an overdose crisis on sunday night Purdue Pharma filed for chapter 11 bankruptcy protection to shield that staggering profits from more than 2600 pending suits still pending over produce role in creat
Post 9 of the New York Stock Exchange Carl Quintanilla is on assignment and were going to begin this morning with facebook. It is down about 2 . Several state attorneys general noungs announcing an antitrust probe into the social network and alphabet, as well. Julia boorstin has more on facebook from l. A. Hey, julia jon, new York Attorney general Latisha James is leading a Bipartisan Coalition to investigate facebook for antitrust violations shes joined by seven other state ags plus the ag of the district of columbia, so far the attorneys general saying, quote, we will use every investigative tool at our disposal to determine whether facebooks actions may have endangered consumer data, reduced the quality of consumers choices, or increased the price of advertising facebook shares moving lower on the threat of potentially large fines from these attorneys general. Now, a separate google antitrust probe is expected to be announced at a News Conference outside the Supreme Court on monday.
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