Current:Home > ScamsThe Big 3 automakers now have record offers on the table. UAW says they can do more-DB Wealth Institute B2 Expert Reviews
The Big 3 automakers now have record offers on the table. UAW says they can do more
View Date:2024-12-24 01:18:32
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! (22358)
Related
- Eva Longoria Shares She and Her Family Have Moved Out of the United States
- Newsom wants a do-over on the lemon car law he just signed. Will it hurt buyers?
- Nikki Garcia's Sister Brie Garcia Sends Message to Trauma Victims After Alleged Artem Chigvintsev Fight
- Port strike may not affect gas, unless its prolonged: See latest average prices by state
- More human remains from Philadelphia’s 1985 MOVE bombing have been found at a museum
- Greening of Antarctica is Another Sign of Significant Climate Shift on the Frozen Continent
- South Carolina fire chief, volunteer firefighter killed after a tree fell on their truck during Helene
- Pregnant Brittany Mahomes Shows Off Her Workout Routine
- A crowd of strangers brought 613 cakes and then set out to eat them
- Subway rider shot in the head by police files claim accusing officers of recklessly opening fire
Ranking
- Vikings' Camryn Bynum celebrates game-winning interception with Raygun dance
- Parents turn in children after police release photos from flash mob robberies, LAPD says
- College sports ‘fraternity’ jumping in to help athletes from schools impacted by Hurricane Helene
- Marshawn Lynch is 'College GameDay' guest picker for Cal-Miami: Social media reacts
- Threat closes Spokane City Hall and cancels council meeting in Washington state
- There are 19 college football unbeatens. Predicting when each team will lose for first time
- Euphoria's Jacob Elordi Joins Olivia Jade Giannulli on Family Vacation With Mom Lori Loughlin
- Hawaii nurses union calls new contract a step in the right direction
Recommendation
-
4 charged in Detroit street shooting that left 2 dead, 5 wounded
-
TikToker Mr. Prada Charged With Second-Degree Murder After Therapist Was Found Dead
-
Blake Shelton Shares Unseen Photos of “Favorite Girl” Gwen Stefani on Her Birthday
-
Some California stem cell clinics use unproven therapies. A new court ruling cracks down
-
Tennessee fugitive accused of killing a man and lying about a bear chase is caught in South Carolina
-
Joe Jonas Has Cheeky Response to Fan Hoping to Start a Romance With Him
-
Indiana Fever star Caitlin Clark a near-unanimous choice as WNBA’s Rookie of the Year
-
Uncover the Best Lululemon Finds: $49 Lululemon Align Leggings Instead of $98, $29 Belt Bags & More