Peak Hours News
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Stock

Workers at Ford joint-venture plant in Kentucky file to hold union election

by January 8, 2025
written by January 8, 2025

By Nora Eckert

DETROIT (Reuters) – The United Auto Workers union is petitioning the National Labor Relations Board to hold an election at a Ford Motor (NYSE:F) joint-venture battery plant in Kentucky, the union said in a release Wednesday.

The BlueOval SK plant, owned by a partnership of South Korea’s SK On and Ford, is the latest battery battleground for the union as it seeks to grow its decreasing membership and secure jobs as the industry electrifies.

UAW President Shawn Fain has sought to expand on a historic win last year at a Volkswagen (ETR:VOWG_p) plant in Tennessee. The labor group hasn’t won a significant vote since, suffering a defeat at a Mercedes plant in Alabama in May.

The UAW invested $40 million last year to organize non-union automakers across the United States, a push that included companies such as Tesla (NASDAQ:TSLA) and Toyota (NYSE:TM).

Battery plants partly owned by Detroit’s automakers were a major sticking point during the union’s six-week strike against Ford, General Motors (NYSE:GM) and Jeep-maker Stellantis (NYSE:STLA) in late 2023.

The union previously notched victories with Ultium Cells, a joint venture between GM and LG Energy Solution at plants in Ohio and Tennessee. In June 2024, the union reached a tentative contract at an Ohio GM battery plant, and in September, GM agreed to recognize the union at an Ultium plant in Tennessee.

Companies can agree to voluntarily recognize workers once a majority sign cards supporting unionization, which is what happened with the Ultium facility in Tennessee. In cases where the company does not agree to do this, there is an election, overseen by the NLRB, where workers must vote by majority to unionize.

A union can file a petition for such an election after collecting signatures from at 30% of workers, according to the NLRB. The UAW said in November that a “supermajority” of workers at the Kentucky facility signed cards indicating their support for joining the union, without specifying the percentage.

An election date has not yet been set, but it typically takes several weeks between when the union files for an election and when it is held.

While the union got support from President Joe Biden, including in-person at one of its picket lines during the strike, Fain and president-elect Donald Trump have a more contentious relationship. The incoming president has said the union leader should be fired, and Fain said before the election that if Trump won, it would be a “complete disaster for the working class.”

This post appeared first on investing.com

0 comment
0
FacebookTwitterPinterestEmail

previous post
Albertsons raises profit forecast as it moves on from Kroger
next post
NV5 Global aims for $1.6 billion revenue by 2028, stocks rise

You may also like

BASF results down on impairments, restructuring

January 27, 2025

Adani, Ambani news units sue OpenAI over copyright,...

January 27, 2025

China’s DeepSeek sets off AI market rout

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025
Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.









    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • How billionaire Caltagirone could influence Italy’s banking M&A wave

      May 21, 2025
    • Levi Strauss to sell Dockers to brand management firm Authentic Brands Group

      May 21, 2025
    • Fanatics will host a skills challenge between fans and celebrities, with $2 million on the line

      May 21, 2025
    • How billionaire Caltagirone could influence Italy’s banking M&A wave

      May 20, 2025
    • Tariffs or not, a Chinese baby products company is ramping up its U.S. expansion

      May 20, 2025

    Categories

    • Economy (425)
    • Editor's Pick (10)
    • Investing (865)
    • Stock (798)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: peakhoursnews.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Back To Top
    Peak Hours News
    • Investing
    • Stock
    • Economy
    • Editor’s Pick