In an online address to union members, United Auto Workers President Shawn Fain said General Motors, Ford and Stellantis have raised their initial wage offers, but have rejected some of the union’s other demands.
Vince Donargo—a veteran financial executive who has worked for several Indianapolis public companies—plans to step down from his position as chief financial officer of Calumet Specialty Products Partners on Dec. 31 and retire at the end of April.
Stellantis, which employs about 7,000 people at plants in Kokomo and Tipton in Indiana, released no details of its offer Monday.
The company, which specializes in metal fabrication and machining, is in the midst of a 51,000-square-foot expansion that will boost its ability to make components for one major customer in the microchip industry.
A strike against all three major automakers—General Motors, Stellantis and Ford—could cause damage not only to the industry as a whole but also to the Midwest economy, and could lead eventually to higher vehicle prices.
The joint venture will initially focus on the production of lithium-iron-phosphate batteries for commercial battery-electric trucks.
The United Auto Workers union says it has filed unfair labor practice complaints against Stellantis and General Motors for failing to make counteroffers to the union’s economic demands.
The settlement would avert a potentially much larger liability that 3M sought to curb through a controversial bankruptcy case involving Indianapolis-based Aearo Technologies that ultimately collapsed.
If it doesn’t have contracts with General Motors, Ford and Stellantis by the Sept. 14 deadline, the UAW could strike all three simultaneously—something it has never done.
Plans call for the development to include a 368,000-square-foot main manufacturing plant, a 78,000-square-foot cold storage building and an 86,000-square-foot beverage plant.
The plant produces automotive switch-related components such as steering pad switches, power seat switches, hazards, and door lock switches.
The space agency’s Artemis program aims to build sustainable moon infrastructure that can serve as a launching pad for human missions to Mars. Indiana companies from all over the state are helping to make the huge endeavor a reality.
The closure will affect about 150 employees at its Morgan Street Production Plant.
Just five years ago, a price-conscious auto shopper in the United States could choose from among a dozen new small cars selling for under $20,000. Now, that choice is down to a single vehicle.
A symbol of American industrialization that operated the world’s largest steel plant in Indiana and helped build everything from the United Nations building in New York City to the New Orleans Superdome seems poised to soon be purchased by a competitor.
Union President Shawn Fain has set high expectations for the contract talks and says the union will seek more than 40% general pay raises over four years
Industrial conglomerate Esmark said Monday it has made an all-cash offer to buy U.S. Steel that values the iconic steelmaker at $7.8 billion, topping an earlier offer from rival Cleveland-Cliffs.
The two steelmakers combined have more than 10,000 employees in Indiana.
Aurorium, which traces its roots to Reilly Industries, is closing a facility at a site that has been home to a chemical manufacturing plant since 1921.
The union is seeking more than 40% general pay raises over four years, restoration of pensions for newer hires, cost-of-living increases, an end to wage tiers, and other benefits.
