Current:Home > InvestThe Big 3 automakers now have record offers on the table. UAW says they can do more -VitalWealth Strategies
The Big 3 automakers now have record offers on the table. UAW says they can do more
View
Date:2025-04-13 07:38:36
In the five weeks since autoworkers first walked out at Ford, General Motors and Stellantis, the offers on the table have gotten dramatically richer.
Proposed wage increases over the 4.5-year contract began at 9% but they are now at 23% at all Big Three automakers, UAW president Shawn Fain said on Friday in his latest Facebook Live address.
In addition, Ford and GM now have improved cost of living adjustment offers, while all three automakers have offered to cut the number of years it takes to reach the top wage and to increase 401(k) retirement contributions.
But Fain said, there's still room to move.
"One thing we've been hearing over and over from these companies is how they've offered us record contracts," he said. "You know what? We agree. These are already record contracts, but they come at the end of decades of record decline. So it's not enough."
Still, Fain did not announce another expansion of the strike after last calling for 8,700 workers at a key Ford Kentucky plant to walk out.
Instead, he acknowledged the UAW auto workers who have been called on to strike under the union's plan to ramp up pressure on automakers by calling for walkouts at only some of the plants.
On social media, some members have begun to express impatience with the strike, sharing the stress that being out of work and living on the $500 a week strike pay has brought to their families.
In a message that appeared aimed at them, Fain warned against allowing the companies to fragment the members.
"Our ability to hold out, to hit the companies economically and to withhold our labor — this is our leverage and this is our path to victory," he said. "We have one tool and that's solidarity."
Offers from the automakers have gotten sweeter
Earlier in the day, GM provided details of its latest offer which also includes improvements for temporary employees, with the automaker saying they are willing to provide immediate conversion to permanent status for those with one year on the job.
In a statement, GM called the offer the most significant that it has ever proposed to the UAW, noting that the majority of the workforce would earn $84,000 a year by the end of the agreement.
"It is time for us to finish this process, get our team members back to work and get on with the business of making GM the company that will win and provide great jobs in the U.S. for our people for decades to come," the statement read.
Ford, which did not present the UAW with a new offer this week, had indicated last week that it had reached its limit on cost.
Earlier in the week, Ford executive chair Bill Ford warned that decisions made now will impact not just Ford and its ability to compete, but the future of the American automobile industry.
"Toyota, Honda, Tesla and others are loving this strike because they know the longer it goes on, the better it is for them," he said. "They will win and all of us will lose."
veryGood! (1)
Related
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- Turns out lots and lots of animals embrace same-sex relationships. Why will surprise you
- Detective Pikachu Returns, Assassin's Creed Mirage, and more Fall games reviewed
- Contract dispute nearly cost Xander Schauffele his Ryder Cup spot, according to his father
- The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
- ‘Tennessee Three’ Democrat sues over expulsion and House rules that temporarily silenced him
- Tired of spam? Soon, Gmail users can unsubscribe with one click
- A teenager has been indicted in the shooting deaths of his sister-in-law and 2 young nephews
- Buckingham Palace staff under investigation for 'bar brawl'
- Study finds more people are moving into high flood zones, increasing risk of water disasters
Ranking
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- Florida man executed by lethal injection for killing 2 women he met in bars a day apart
- Wednesday's emergency alert may be annoying to some. For abuse victims, it may be dangerous
- All in: Drugmakers say yes, they'll negotiate with Medicare on price, so reluctantly
- Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
- Google wants to make your email inbox less spammy. Here's how.
- A timeline of 9-year-old Charlotte Sena's disappearance and how the missing girl was found
- Florida State to add women's lacrosse team after USA TODAY investigation
Recommendation
McConnell absent from Senate on Thursday as he recovers from fall in Capitol
Cruise defends safety record after woman pinned under self-driving taxi in San Francisco
Idaho and Missouri shift to Republican presidential caucuses after lawmakers cancel primaries
Seattle to pay nearly $2M after man dies of a heart attack at address wrongly on 911 blacklist
Meet first time Grammy nominee Charley Crockett
A Florida gator lost her complete upper jaw and likely would've died. Now, she's thriving with the name Jawlene
Homeless 25-year-old Topeka man arrested in rape and killing of 5-year-old girl
75,000 Kaiser Permanente health care workers launch historic health care strike