Why the UAW wants big raises from the 'Big Three' automakers

Days ahead of a potential strike, the United Auto Workers’ standoff with the “Big Three” U.S. automakers—GM, Ford and Stellantis—revolves heavily around pay.

The strike the United Auto Workers launched against the “Big Three” U.S. automakers — General Motors, Ford and Chrysler maker Stellantis — isn’t all about money, but much of it is.

UAW leaders called work stoppages at three plants Friday: a GM site in Wentzville, Missouri; a Stellantis facility in Toledo, Ohio; and a Ford assembly plant in Wayne, Michigan. The walkouts came after talks collapsed, largely over impasses around compensation and benefits.

The union has sought a wage increase of up to 40% (amounting to 46% compounded) over the length of the next four-year contracts, along with full pay for 32-hour workweeks, better retirement pensions and improved health care.

“I know that our demands are ambitious, but I’ve told the companies repeatedly I’m not the reason that members’ expectations are so high,” UAW President Shawn Fain said earlier this month. “What’s driving members’ expectations are the Big Three’s profits.”

Annual gross profits have risen by 34% at Ford and 50% at GM since 2019, the last time the UAW and the Big Three entered contract negotiations. Stellantis, which formed when Fiat Chrysler merged with Peugeot in 2021, grew its annual gross profit by 19% from 2021 to 2022.

https://www.nbcnews.com/business/business-news/uaw-strike-pay-benefits-raises-big-three-automakers-rcna103716


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