President Biden Calls for UAW and Big Three Auto Companies to Reach “Win-Win” Agreement After Strike Begins

President Joe Biden has called for the United Auto Workers union and the Big Three auto companies to return to the negotiating table in order to reach a “win-win” agreement. The call comes after the union workers went on strike against the automakers at midnight on Friday.

In a statement from the White House, Biden expressed his understanding of the workers’ frustration, noting that while auto companies have seen “record profits,” those profits “have not been shared fairly, in my view, with those workers.”

The President also stressed the importance of finding a resolution, noting that a prolonged strike would be bad news for the U.S. economy ahead of an election year. He also expressed his respect for the workers’ right to use their options under the collective bargaining system.

The strike comes after negotiations between the UAW and the Big Three auto companies collapsed. The UAW represents about 13,000 autoworkers, who are striking for better wages, job security, and improved working conditions.

The strike is the first major labor action since the UAW’s strike against General Motors in 2007. It is also the first strike against the Big Three automakers since the UAW’s strike against Chrysler in 2007.

The strike could have a major impact on the U.S. economy, as the Big Three automakers account for a significant portion of the nation’s manufacturing output. It is unclear how long the strike will last, but President Biden has urged both sides to come to an agreement that is beneficial for both workers and auto companies.