UAW president calls GM offer with 10% pay increases ‘insulting’ ahead of strike deadline a week away
Publishing timestamp: 2023-09-07 14:38:18
Summary
General Motors has offered its largest four-year wage increase in decades to the United Auto Workers (UAW) as part of a new contract proposal. However, the offer falls short of the union's demands, leading the UAW president to call it "insulting." The proposed wage increase is 10% for most workers and up to 56% for newer employees over four years. Temporary workers would also receive a 20% wage increase. Despite being the largest increase since 1999, it is far from the union's demands of a 40% pay increase and other benefits. The UAW has filed unfair labor practice charges against GM and Stellantis, and contracts for auto workers with GM, Ford, and Stellantis expire on September 14.
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Keywords: personnel, general motors co, business news, business, stellantis nv, detroit, breaking news: business, transportation, autos, labor economy, ford motor co,
Source: https://www.cnbc.com/2023/09/07/gm-offers-wage-increases-hefty-bonuses-uaw.html