General Motors has offered a 10% wage increase to the United Auto Workers in what the union’s president is calling an “insulting proposal.'
The Benchmark Company senior analyst Mike Ward discusses a potential United Auto Workers union strike on 'The Claman Countdown.' ahead of a Sept. 14 deadline, and the union’s president called it an "insulting proposal that doesn’t come close to an equitable agreement for America’s autoworkers."
UAW President Shawn Fain said GM made the offer after refusing to bargain in good faith for the past six weeks and having federalShawn Fain, president of the United Auto Workers, during a Labor Day parade in Detroit Monday, Sept. 4, 2023. "GM either doesn’t care or isn’t listening when we say we need economic justice at GM by 11:59 p.m. on September 14. The clock is ticking. Stop wasting our members’ time. Tick tock," Fain wrote in a statement.
GM’s offer also included additional 3% annual lump sum payments over four years and the recognition of Juneteenth as a paid holiday, while eliminating two steps for temporary and in-progress employees to max pay.UAW/GM labor negotiations , and today we put an economic offer on the table to the union," a GM spokesperson said in a statement sent to FOX Business. "Our offer has been developed considering everything in our environment, including competitor offers and what is important to our team members. It includes well-deserved
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