The UAW has released a new video attacking what it calls corporate greed at the Big Three
continues to talk a big game despite holding targeted strikes that aren’t too painful. As part of this effort, they’ve released a new video designed to put pressure on Ford, GM, and Stellantis.
The clip is called “Corporate Greed” and it’s designed to show how “UAW members were left behind as the Big Three funneled their extreme profits to CEOs and wealthy investors.” The video claims that over the past four years, profits have gone up 65% while CEO pay has climbed 40%. The union goes on to say “Big Three spending on stock buybacks is up 1,500%.”
More importantly for union members, the clip says autoworker wages are only up 6% despite inflation soaring 20%. Of course, that’s what the union agreed to last time around.Interestingly, the video says average new car prices are up 34% as automakers are “price gouging the hell out of the American consumer.
Despite the chest-thumping, there’s not much pressure on automakers as the union is only striking at GM’s Wentzville Assembly, Ford’s Michigan Assembly Plant, and . This has limited the pain, but the union has threatened that strikes could spread if “automakers fail to offer fair contracts going forward.”
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
UAW President Shawn Fain says 'progress is slow' between union and three automakersThe United Auto Workers President Shawn Fain said that 'progress is slow' between the UAW and the Detroit Three automakers as the third day of one of the largest strikes in decades continues.
Read more »
Union says UAW and automakers' talks are 'slow' as Biden aides prepare to visitThe United Auto Workers and automakers resumed negotiations this weekend. But UAW president Shawn Fain described progress as 'slow.'
Read more »
Could Northeast Ohio feel the impact of the UAW strike against automakers?It’s day two of the UAW’s targeted strike against Detroit’s big three automakers, and here at home we are still waiting to find out if Northeast Ohio will be the next to strike.
Read more »
UAW and automakers GM, Ford and Stellantis try to reach deal before strike widensThe United Auto Workers strike against the Detroit Three automakers enters its fourth day on Monday as both sides try to hammer out deals to avoid costly disruptions to more plants.
Read more »
UAW, Detroit Three automakers try to reach deal before strike widens By ReutersUAW, Detroit Three automakers try to reach deal before strike widens
Read more »