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KEY
QUOTE
"I'm not worried about a strike," the Democratic president said
on Monday as he arrived in Philadelphia ahead of a speech for
the U.S. Labor Day holiday. "I don't think it's going to
happen."
THE TAKE
Late last month, the United Auto Workers union said its members
voted overwhelmingly in favor of authorizing a strike at the
Detroit Three automakers if agreement is not reached before the
current four-year contract expires on Sept. 14.
A strike by the UAW is not a certainty. But the substantial wage
and benefit gains that UAW President Shawn Fain has demanded,
and the intensity of the campaign the union has mounted, had
some Detroit industry executives and analysts bracing for
walkouts in September.
CONTEXT
* The National Labor Relations Board on Friday said it would
open an investigation into UAW claims that General Motors and
Chrysler parent Stellantis were not bargaining in good faith,
claims that the automakers deny.
* Separately, Ford Motor said Thursday it had offered a 9% wage
increase through 2027, far below the 46% wage hike being sought
by the union.
* The UAW staged a 42-day strike against GM in 2019 before
reaching a new contract.
(Reporting by Trevor Hunnicutt; writing by Kanishka Singh;
editing by Jasper Ward and Rosalba O'Brien)
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