Volkswagen-UAW vote a 'watershed moment' for US labor unions
Volkswagen (VWAGY) workers at the automaker's Chattanooga, Tennessee plant voted in favor of joining the United Auto Workers (UAW) labor union. On Market Domination, Autoblog Editor-in-Chief Greg Migliore talks about the various significances that can be found in the UAW's victory. "This opens up a whole new market of potential union members. There's factories that belong to Hyundai, Kia, Mercedes, Nissan... The Mercedes-Benz factory has a vote scheduled for May 13 [in Vance, Alabama]," Migliore says. "The success of the VW factory in Chattanooga, they had 73% of the workers approved it, taps into a broader mood of positive feelings for unions across the country right now." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan.
