Sunday, October 29, 2023

Stellantis' Belvidere Assembly Plant to reopen after company strikes tentative deal with UAW

One could suspect from the Ford tentative agreement that there would be relative faster paced flipping of the other auto companies. GM and UAW have not yet made a deal. Not sure how long the auto manufacturer will hold out but I would not imaging for a long time as pressures are rising now that the other two companies have settled (Who knows maybe GM will really hold out for some time but that comes with risk and cost as well so it would be a tough long term strategy to take.). Of biggest interest to me is how they negotiate technology and individual/collective initiative. 

Thinking about this beyond the immediate and into rapid innovation within the industry and the ability to grow that industry with labor maximization. The contract will determine the ability to be nimble under faster changes. Think about electric vehicles and how that technology will develop with three companies competing globally against foreign manufacturers. 

Let us wait and see what happens. 

  

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