2023-08-17 04:30:08
Electric atmosphere at the “Big Three”. The UAW auto union has set the bar high to negotiate working conditions for the next four years at General Motors, Ford and Stellantis. Its new president, Shawn Fain, promised the ‘boldest list of proposals in decades’, and he obviously didn’t lie: the UAW is asking for a salary increase of more than 40% over the duration of the next contract. social – i.e. 20% immediately and then 5% each year. The negotiations, which started at the end of July with the three major Detroit manufacturers, must be completed by September 14, the date of the expiration of the current social agreement, which covers nearly 150,000 employees.
To justify its demands, the UAW points to the rising profits of manufacturers and the remuneration of their leaders. Historically powerful in the birthplace of the American automobile – in the Jeep plant in Detroit , the union’s flag flutters next to that of the manufacturer – he also asks to find the social benefits lost during the great financial crisis, fifteen years ago. Unrealistic, employers retort in essence: the UAW demands would cost each major automaker more than $80 billion, reports Bloomberg, citing sources “familiar” with company valuations.
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