UAW president slams Stellantis CEO over job cuts, alleged price gouging

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UAW president slams Stellantis CEO over job cuts, alleged price gouging
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The comments are the latest in an ongoing back-and-forth between the CEO and union leader following contentious collective bargaining talks last year.

United Auto Workers President Shawn Fain ratcheted up criticism of Stellantis CEO Carlos Tavares in a video Friday afternoon.

The comments are the latest in an ongoing back-and-forth between Fain and Tavares following contentious collective bargaining talks last year.CEO Carlos Tavares in a video Friday afternoon, accusing the chief executive of price gouging consumers and failing to uphold parts of the union's labor contract with the automaker.the 2:30-minute video

Spokespeople for the union and automaker did not immediately respond for comment regarding the accusations or video.Several of the criticisms, including those around job cuts and Tarvares' pay, aren't new. But Fain's comments Friday took the claims a step further, accusing Tavares of price gouging consumers in the name of profits.

Tavares has been on a cost-cutting mission since the company was formed through a merger between Fiat Chrysler and France's PSA Groupe in January 2021. It's part of his"Dare Forward 2030" plan to increase profits and double revenue to 300 billion euros by 2030.

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