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Transcripts For CNNW CNN 20240703

The gloves are apparently really off between those two. Well see where this goes thank you, caitlin. Good evening, im abii phillip, we bring with Breaking News that will have as massive impact on the entire United States economy. Less than two hours workers across the country are going on strike against the three auto makers. The first ever simultaneous of ford, General Motors and stellantis. Which owns jeep and chrysler. Were expected to hear from the president of United Auto Workers. 145,000 union members. Economic impact of 5 billion dollars. The union is demanding 40 pay increases. Better benefits and a fourday work week. Among the players in this whole saga is shawn fain, shes that uaw president who has been pretty unpredictable in talks so far. Also, the ce ....

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More Stellantis layoffs at Sterling Heights and Mack Avenue Assembly in Detroit, forced overtime announced in Toledo

Stellantis laid off 199 workers Monday at Sterling Heights Assenbly and another 57 at the Mack plant in Detroit as it continues its brutal program of job cuts in the wake of the 2023 contract. ....

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More details emerge exposing pro-corporate character of 2023 UAW contracts

On Friday Stellantis announced further cost-cutting, stating that 400 US salaried employees in engineering, technology and software will be terminated as of March 31, about 2 percent of its salaried workforce. ....

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Stellantis made $20 billion in 2023, as media reports temps will get no profit-sharing checks under UAW deal

The record profits reported by Stellantis come straight off the backs of workers, who have been greeeted by a wave of layoffs in 2024. ....

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UAW members on strike at Detroit Three and elsewhere must report extra money from key 1099

2023 was a key year for big strikes, including UAW strikes against automakers and the Detroit casinos. What does that mean for 2023 tax returns? ....

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