AUTO - GM Stock Rose Despite a Union Dispute at a GM and Lg Battery Facility
General Motors ( NYSE:GM )
The United Auto Workers have taken issue with the joint venture between General Motors ( NYSE:GM ) and the South Korean technology business LG Energy. The partnership is called Ultium Cells.
On Monday, the union said it had submitted a petition for a union election to the National Labor Relations Board to represent the 900 employees working at Ultium’s Ohio factor.
According to UAW President Ray Curry, “a majority of Ultium employees have signed cards allowing the UAW to represent them,” which was reported by the union. “Utium, a joint venture between General Motors and LG Energy Solution, has opted to reject democracy and postpone the recognition process by refusing to acknowledge the will of their majority. This decision comes from their refusal to recognize the majority’s desire. There can be no doubt about it: regardless of whether they join the UAW via a card check or an election, these employees will be members of the UAW.
GM stock praises its facility in Warren, Ohio, as a “2.8 million square foot complex” devoted to “the most modern and efficient battery cell production techniques.” According to the union, negotiations with management to represent the employees lasted for several months before finally breaking down.
Lead in the Electrode Departmen...
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