What investors should know about the UAW's organizing drive of VW
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VW Workers Vote to Join UAW, First Victory at Foreign-Owned Automaker Plant in the South #
Workers at a Volkswagen plant in Chattanooga, Tennessee, have voted overwhelmingly in favor of joining the United Auto Workers (UAW), marking the union’s first victory at a foreign-owned automaker plant in the South. The outcome of the vote is expected to have wide-ranging impacts on other automakers, organized labor, and the U.S. automotive industry as a whole. The UAW and Volkswagen are now expected to move forward with bargaining over a contract for the workers covered by the vote. The UAW sees this victory as a momentum for its organizing efforts at other automakers in the country. The vote could also potentially impact labor costs in the industry.