Days ahead of a threatened strike, union leaders are pressing a bold set of economic demands, saying their wages haven’t kept up with either inflation or auto executives’ pay.
Another key reason the UAW is pushing hard for steep wage increases is to make up forhourly U.S. wages among motor vehicle and parts manufacturers
Pay among Big Three workers can vary by tier — a practice the UAW has called to eliminate. For now, the tiers include part-time employees making the lowest hourly wages, “in-progression” full-time employees with earnings around the middle of the pay scale and full-time employees making up to the maximum wage.This money should be spread around. Not evenly per se, but show us the same gratitude you’re showing the CEO.
Data for Stellantis is unavailable because the company was formed only in 2021 and is now headquartered in Amsterdam, where pay disclosure rules differ from those in the U.S. But disclosures show the company’s CEO, Carlos Tavares, making 365 times as much as its median employee. Most workers at the plant live paycheck to paycheck, he said. His own family’s finances are deeply tied to the facility, where his son also works and where his daughter started just this week.The automakers’ counteroffers have fallen well short of the UAW’s 40% target. The highest percentage increase publicly on offer is Stellantis’ proposal Friday to boost wages by 14.5%, which Fain rejected the same day as “deeply inadequate.
A lengthy strike could reduce production and delay plans at GM, Ford and Stellantis during a “crucial period” in that industrywide shift, Wedbush Securities EV analyst Dan Ives wrote in a note Monday.
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.
Ohio braces for impact of potential United Auto Workers strike against 'Big 3' as deadline nearsOhio is bracing for the impact of a potential United Auto Workers strike against the 'Big Three' as the end-of-the-week deadline nears.
Read more »
Trump claims this will cause United Auto Workers to 'go out of business'Trump pointed a finger at Biden's push toward electric vehicles days before auto workers are set to strike against the three largest U.S. car manufacturers.
Read more »
United Auto Workers Strike likely to negatively impact the economyThree separate unions are currently negotiating with their respective employers in Kokomo. If a strike does happen, economist say it will likely have an impact on the economy.
Read more »
Why a 4-day work week is on the table for auto workersShawn Fain, the president of the UAW, is calling for a 32-hour work week at 40 hours of pay for autoworkers, an idea that was first embraced by the union's leaders almost a century ago.
Read more »
Stellantis reports progress in talks with auto workers and plans to make another offer MondayStellantis is reporting progress in talks with the United Auto Workers union with just three days left before contracts expire with Detroit’s three automakers.
Read more »