Sign up to create alerts for Instruments,
Economic Events and content by followed authors
Free Sign Up Already have an account? Sign In
Quotes
All Instrument Types
- All Instrument Types
- Indices
- Equities
- ETFs
- Funds
- Commodities
- Currencies
- Crypto
- Bonds
- Certificates
Please try another search
🚨 Our Pro Data Reveals the True Winner of Earnings Season Access Data
UAW president faces run-off election as reformers make gains
© Reuters. Newly elected United Auto Workers Secretary -Treasurer Ray Curry and UAW Vice-President for General Motors Cindy Estrada celebrate their election victory during the 37th Constitutional Convention in Detroit, Michigan, U.S. June 13, 2018. REUTERS/Rebecca
By David Shepardson
WASHINGTON (Reuters) - United Auto Workers (UAW) President Ray Curry will face a run-off election against reform presidential candidate Shawn Fain, a court-appointed monitor said on Monday, after none of the five candidates captured a majority.
Fain, who as a reform candidate wants the UAW to take a more confrontational approach in auto contract talks and push to end a two-tier compensation system that pays newer workers less, narrowly trailed Curry in the election.
Six reform candidates were elected to other officer positions in the elections. The run-off election, which will also determine a vice president and regional director race, could see reformers claim a majority of seats on the 14-member UAW executive board. Ballots are due by Feb. 28.
UAW officers previously were elected through a delegate system. Members approved direct elections in a 2021 referendum required as part of a 2020 U.S. Justice Department settlement to resolve a corruption probe.
For more than three decades, all UAW officers have come from an administrative slate of candidates.
Curry has been president of the UAW since June 2021, and a UAW member since 1992.
Fain has been a UAW member for more than two decades, serving as an officer at a local in Indiana representing workers at a Stellantis casting plant and an international representative.
The UAW has about 375,000 U.S. members.
"This is our shot for true reform of the UAW and putting the power and control of our union back in the hands of the membership by electing leaders who will be held accountable by the membership," Fain said.
Curry said the new board will be sworn in on Dec. 12. "Our members have spoken," Curry said, saying he is confident board members have "a vision of strengthening our great union."
Labor contracts with General Motors (NYSE:GM), Ford Motor (NYSE:F) and Chrysler-parent Stellantis expire in late 2023, and this week workers will vote at a GM, LG Energy Ultium joint venture battery cell manufacturing plant in Ohio on whether to join the UAW.
Numerous UAW officers pleaded guilty to embezzling millions of dollars for their personal benefit, using the funds for liquor, cigars, golf outings and expensive hotel stays, including two former presidents.
FCA US, the North American operating subsidiary of Stellantis, pleaded guilty in 2021 to making $3.5 million in illegal payments to UAW officers and paid a $30 million fine.
Related Articles
Add Chart to Comment
Confirm Block
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
Report this comment
I feel that this comment is:
Comment flagged
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.