The United Auto Workers (UAW) union has taken a step closer to a potential strike, as 97 percent of its members voted to give their leaders permission to call a work stoppage at the Big Three automakers after contract negotiations if necessary, with demands for a 40 percent pay increase and other concessions making a strike likely.
Workers at Chevron's two LNG plants in Australia are set to go on strike from 7 September, a move that could potentially drive up global prices, following weeks of negotiation over pay and working conditions with unions.
Unions representing workers at Chevron's LNG production facilities in Australia are planning daily work stoppages of up to 10 hours, which could disrupt operations and potentially impact global LNG markets.
Workers at Chevron's liquefied natural gas facilities in Australia are planning to strike, which could result in a loss of around 7% of global supply and potential price increases.
Workers at Chevron's Gorgon and Wheatstone LNG projects in Australia plan a two-week strike starting on September 14, which could disrupt LNG exports and potentially increase gas prices.
Strikes at Australian natural gas facilities could lead to a global shortage of gas supply and higher European gas prices, as the market is currently very tight with little flexibility, according to energy analysts. The strikes are scheduled to begin on Thursday unless an agreement is reached between Chevron and the unions representing workers at the Gorgon and Wheatstone projects. However, analysts believe that prices are unlikely to reach the record peaks seen in September 2021. The gas market also remains sensitive to other factors, such as disruptions caused by winter storms or a cut in Russian gas supply. There is also uncertainty surrounding the future of gas transit through Ukraine, which could further impact European gas prices.
Trade unions in the US are experiencing a resurgence, with an increase in strikes and rising public support, and this is now extending to American firms abroad, as workers at Chevron plants in Australia consider going on strike.
Chevron Australia will pursue a legal strategy to stop strikes at its Gorgon and Wheatstone liquefied natural gas facilities in Australia, after failing to reach a deal with unions, potentially risking billions of dollars in export revenue.
With less than 24 hours left before current strikes expire, the United Auto Workers' union and the Detroit Big 3 automakers have not yet reached a deal, but the union has started laying out its strike plan, which includes striking at a small number of plants and potentially adding more locations if bargaining doesn't progress satisfactorily.
The UAW union has launched strikes at Ford, General Motors, and Stellantis plants after failing to reach a new labor agreement, resulting in temporary layoffs and potential impacts on the economy.
The United Auto Workers (UAW) strike against the Big Three automakers is leading to layoffs and work stoppages due to supply chain disruptions, with further strikes threatened if negotiations do not progress.
The United Auto Workers union is set to escalate their strike against the Big Three automakers in an effort to combat stagnant wages and other concessions, with UAW President Shawn Fain expected to announce which plants will join the strike next.
An Australian union alliance has ended strikes at Chevron's two major LNG projects after accepting proposals on pay and conditions, resolving a dispute that had threatened 7% of global LNG supplies and raised prices by as much as 35%.