UAW points to CEO pay raises to justify its wage demands
The United Auto Workers union has made pay disparity between CEOs and workers a central part of its argument for a big worker wage increase. A detailed look shows a more complicated picture.
The United Auto Workers union has made pay disparity between CEOs and workers a central part of its argument for a big worker wage increase. A detailed look shows a more complicated picture.
UAW President Shawn Fain said that Stellantis’s 21 percent offer and other terms presented by the automakers aren’t sufficient and that the strike will continue.
Some 12,700 UAW members—or roughly 8% of the union’s autoworkers—are on strike at a Stellantis plant in Ohio, at a GM plant in Missouri and at a Ford assembly plant in Michigan.
Subaru CEO Atsushi Osaki told reporters during a meeting in Tokyo that Indiana could become the next location of an electric vehicle production site, Reuters reported.
Union President Shawn Fain said the final decision on which plants to strike won’t be announced until 10 p.m. Thursday.
In an online address to union members, United Auto Workers President Shawn Fain said General Motors, Ford and Stellantis have raised their initial wage offers, but have rejected some of the union’s other demands.
Stellantis, which employs about 7,000 people at plants in Kokomo and Tipton in Indiana, released no details of its offer Monday.
About 146,000 U.S. auto workers are set to go on strike this week if General Motors, Ford and Stellantis fail to meet their demands.
As more and more automakers switch to Tesla’s connector, experts say it appears Tesla is on its way to becoming the industrywide standard.
The offer comes just a week before the UAW’s national contracts with GM, Stellantis and Ford expire, and even though both sides are far apart, it’s a sign of movement on economic issues.
The U.S. government is taking a big step toward forcing a defiant Tennessee company to recall 52 million air bag inflators that could explode, hurl shrapnel and injure or kill people.
Federal rules allow insurers to consider socioeconomic factors when setting rates, leading to the worst increases being borne by the people least able to afford them.
The United Auto Workers union says it has filed unfair labor practice complaints against Stellantis and General Motors for failing to make counteroffers to the union’s economic demands.
If it doesn’t have contracts with General Motors, Ford and Stellantis by the Sept. 14 deadline, the UAW could strike all three simultaneously—something it has never done.
The plant produces automotive switch-related components such as steering pad switches, power seat switches, hazards, and door lock switches.
The closure will affect about 150 employees at its Morgan Street Production Plant.
Just five years ago, a price-conscious auto shopper in the United States could choose from among a dozen new small cars selling for under $20,000. Now, that choice is down to a single vehicle.
A federal judge said the proposed settlement in a class-action lawsuit prompted by a surge in Hyundai and Kia vehicle theft fails to provide “fair and adequate” relief to vehicle owners.
Union President Shawn Fain has set high expectations for the contract talks and says the union will seek more than 40% general pay raises over four years
The 605,000-square-foot redistribution center at 4337 AllPoints Drive will replenish the company’s 10 parts distribution centers across the United States and Canada.