Overview
- The union sold roughly $340 million in stocks in August 2023 to fund its six-week strike against GM, Ford and Stellantis.
- Following the strike’s end in October 2023, the proceeds remained largely in cash and low-yield assets through September 2024 instead of meeting the 30% equities policy.
- A February analysis by UAW staff estimated that the delayed reinvestment cost the union about $80 million in potential portfolio gains.
- The federal monitor overseeing UAW reforms has opened a formal inquiry into the post-strike handling of the investment funds.
- Disputes over investment oversight have deepened a rift between President Shawn Fain and Secretary-Treasurer Margaret Mock.