Current:Home > FinanceThe Big 3 automakers now have record offers on the table. UAW says they can do more -TradeWise
The Big 3 automakers now have record offers on the table. UAW says they can do more
View
Date:2025-04-18 09:14:08
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! (7)
Related
- Buckingham Palace staff under investigation for 'bar brawl'
- No charges will be filed in nonbinary teen Nex Benedict's death, Oklahoma district attorney says
- Oklahoma prosecutors will not file charges in fight involving teenager Nex Benedict
- Lions release Cameron Sutton as search for defensive back continues on domestic violence warrant
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- No charges to be filed in fight involving Oklahoma nonbinary teen Nex Benedict, prosecutor says
- 'Marvel 1943: Rise of Hydra': First look and what to know about upcoming game
- Millie Bobby Brown and Jake Bongiovi's Wedding Will Be Officiated by This Stranger Things Star
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- Louisiana debates civil liability over COVID-19 vaccine mandates, or the lack thereof
Ranking
- Intellectuals vs. The Internet
- Kim Kardashian Honors Aunt Karen Houghton After Her Death
- Police find Missouri student Riley Strain’s body in Tennessee river; no foul play suspected
- Kansas holds off Samford in March Madness after benefitting from controversial foul call
- South Korean president's party divided over defiant martial law speech
- Justice Department sues Apple for allegedly monopolizing the smartphone market
- The Best Maternity Swimsuits That Are Comfy, Cute, and Perfect for Postpartum Life
- Squatters suspected of killing woman in NYC apartment, stuffing her body in duffle bag, police sources say
Recommendation
Federal hiring is about to get the Trump treatment
Search for missing student Riley Strain shifts to dam 40 miles from where he was last seen in Nashville
'We're not a Cinderella': Oakland's Jack Gohlke early March Madness star as Kentucky upset
Margot Robbie Is Saying Sul Sul to The Sims Movie
'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
NFL will allow Eagles' Tush Push play to remain next season
Prosecutors in 3 Wisconsin counties decline to pursue charges against Trump committee, lawmaker
Texas Lawmaker Seeks to Improve Texas’ Power Capacity by Joining Regional Grid and Agreeing to Federal Oversight