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    Analysis

    May 1, 2023

    Stellantis, UAW Clash on Worker Buyout Program

    Automaker Stellantis, Chrysler’s European parent company, and the United Auto Workers (UAW) union are at odds over a proposed worker buyout program.  

    Stellantis“In response to today’s increasingly competitive global market conditions and the necessary shift to electrification, Stellantis is thoroughly reviewing its North American operations to improve efficiency, reduce cost, and protect the competitiveness of our products to allow for further strategic investments to support our transformation,” a Stellantis spokeswoman told SMU in a statement provided on April 26.

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    Price on Trade: Milwaukee Framework is a step forward on steel excess capacity

    Members of the Global Forum on Steel Excess Capacity (GFSEC) met in Wisconsin last week and unveiled an updated plan to combat market-distorting excess capacity. The Milwaukee Framework adds color to the 2017 “Berlin Principles.” It is also a positive step in the ongoing battle against global steel market distortions. However, the Framework is only a guidepost. It must be implemented correctly to make an impact as new problems loom.