Tag: UAW

Exclusive: UAW investment blunder cost the union an estimated $80 million, documents show | Reuters

The United Auto Workers’ leadership is mired in turmoil over allegations of an investment blunder that officials say cost the union about $80 million in potential gains from its financial portfolio, according to seven UAW officials and employees and union documents reviewed by Reuters. The investment funds were liquidated to pay striking workers in 2023 but weren’t reinvested in accordance with…

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