Auto Workers

by | Mar 22, 2018 | News

Earlier this month, the UAW Retiree Medical Benefits Trust decided to sell 40 million of its shares in General Motors Co. worth $1.6 billion. Despite this move, the UAW group will still likely remain GM’s largest investor. However, we do not know the effect this will have on the group’s “guaranteed” seat on the company’s board – the same one that was held by UAW Vice President Joe Ashton, but which Ashton vacated shortly after the UAW/FCA corruption scandal began. (Hmmm….)

Keith Mickens (Photo: UAW)

Speaking of the corruption scandal, another UAW official has been indicted. Find out more here. Also, federal investigators have started looking into nonprofit groups that are funded by the union. Why? Because just one year before the investigations were made public, the union let the nonprofit registrations expire (essentially putting them into dormancy). “The UAW-related donations, the structure of the charities and the use of nonprofit funds after the officers’ retirements are all areas investigators are looking into,” according to a person close to the probe. In organizing news, the union recently won a contract with Airbnb covering nearly 150 cafeteria workers at four different locations. Also, many are expecting the UAW’s intention to organize Tesla’s electric car division in Fremont, Cali. to come to a head. This, after a string of unfair labor charges were filed by the union against the company. Things are getting nasty.

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