With a strike-ending deal remaining elusive, CEO Mary Barra told salaried staff in a webcast Wednesday that the UAW’s latest counteroffer is still too...
In the opinion piece, GM President Mark Reuss called the UAW’s demands “untenable” and refuted claims made by Fain that workers make poverty-level wages. The $150,000 GM is offering in annual compensation includes benefits, profit-sharing checks and average overtime per worker.
The union has been striking for six days at one plant each at GM, Ford Motor Co. and Stellantis NV, and threatens to walk out of more plants Friday if progress isn’t made in negotiations.Currently, all three companies have offers on the table for roughly 20% in pay increases. The union has asked for 36% raises plus the return of guaranteed pensions, retiree health care and cost-of-living allowances.
The automakers all have resisted a return to pension and retiree health coverage. GM has boosted contributions to worker 401 plans to 6.4%.
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