The United Auto Workers union is pressing the Detroit car companies to give its factory workers a 40% pay hike in the next labor contract, an increase that would be the largest in recent memory.
The union conveyed this demand to the automakers this week, along with a list of other items it plans to push for at the bargaining table.
The UAW is negotiating new four-year labor agreements for about 150,000 hourly workers at General Motors, Ford Motor and Jeep-maker Stellantis.
Currently, unionized factory workers at the Detroit car companies start at about $18 an hour. The top wage, achieved over a period of years, is about $32 an hour.
The 40% pay hike would be a general increase over the life of the next four-year contract. It would be broken up into a 20% increase upon the contract’s ratification, and four additional 5% wage increases given each year, according to a person familiar with the matter.
A UAW spokesperson said that during the current contract, the average CEO salary at the Detroit car companies has increased 40%. “We believe UAW members deserve the same if not more.”
That will surely be good for long term job security and domestic auto production.
Do you want $150k base model F150? That's is how you get one.
LOL....Of course the way Bidenomics is going it might not even keep-up with real inflation.
The union conveyed this demand to the automakers this week, along with a list of other items it plans to push for at the bargaining table.
The UAW is negotiating new four-year labor agreements for about 150,000 hourly workers at General Motors, Ford Motor and Jeep-maker Stellantis.
Currently, unionized factory workers at the Detroit car companies start at about $18 an hour. The top wage, achieved over a period of years, is about $32 an hour.
The 40% pay hike would be a general increase over the life of the next four-year contract. It would be broken up into a 20% increase upon the contract’s ratification, and four additional 5% wage increases given each year, according to a person familiar with the matter.
A UAW spokesperson said that during the current contract, the average CEO salary at the Detroit car companies has increased 40%. “We believe UAW members deserve the same if not more.”
That will surely be good for long term job security and domestic auto production.
Do you want $150k base model F150? That's is how you get one.
LOL....Of course the way Bidenomics is going it might not even keep-up with real inflation.