Kedaara Cap Buys Significant Minority Stake In Navneet Education Subbrand K12 Techno

Kedaara Cap Buys Significant Minority Stake In Navneet Education Subbrand K12 Techno

Ford Motor said despite progress on some fronts, it still has "significant gaps" on key economic issues before reaching a new labor deal with the United Auto Workers union. "These issues are interconnected and must be addressed as part of a comprehensive agreement that supports our shared success," he said in an evening statement after weekend talks. The UAW, which on Friday reported "marked progress" in talks with America's number one automaker. 2, does not provide direct commentary. In contrast to Ford, the UAW has expanded its attack on General Motors ( GM.N ) and parent Chrysler Stellar ( STLAM.MI ) to 38 parts distribution centers across the United States. It is not yet clear what the main focus of negotiations with GM and Stellantis was at the end of last week. The UAW launched a simultaneous and unprecedented strike after the previous four-year labor contract expired. Friday's strike added about 5,600 workers at GM and Stellartis plants to the 12,700 workers already on strike. UAW President Sean Fein said Friday that Ford had refined its bargaining proposal, increased profit sharing and agreed to stop workers from striking over plant closings, but he said the union still had serious issues to resolve. Detroit's three automakers have proposed 20% wage increases over 4 1/2 years, while the UAW is targeting a 40% increase with a 32-hour work week, to restore defined-benefit pension funds and the wage gap between new and existing workers separate, to reduce. President Joe Biden will be in Michigan on Tuesday to show support for workers and visit a UAW hotline, while Donald Trump, who is seeking a new term as president, will give a speech in Clinton Township, Michigan, on Wednesday about the UAW strike. GM said last week that a parts shortage as a result of the strike forced the closure of its Kansas auto plant, temporarily laying off 2,000 workers in Kansas. Stellantis laid off 68 workers in Ohio last week and plans to lay off another 300 workers in Indiana as a result of the strike.