US Auto Workers strike continues. A 21% pay increase was made and rejected.

<p>The strike by the US United Auto Workers is ongoing. </p><p>The latest is that the union is rejecting an offer from one of the Big Three automakers, Chrysler parent Stellantis, for a 21% wage increase:</p><ul><li>a cumulative 21% wage increase</li><li>with an immediate 10% increase upon a formal agreement. </li></ul><p>The union is seeking a four-day work week, substantial pay raises, more paid time off and pension benefits, among other demands. It wants a 40% pay increase to match the average pay increases of the CEOs at the three companies in recent years. </p>

This article was written by Eamonn Sheridan at www.forexlive.com.