With its current contract with the Detroit Big 3 automakers set to expire next month, the United Auto Workers (UAW) union is in the midst of negotiating a new deal with those companies, including Ford. Thus far, The Blue Oval has asked for production flexibility as it transitions into the future of all-electric vehicles, while the union is seeking stronger job security, the end of tiered pay systems, and the return of a cost of living adjustment, with a pay raise looking like the easiest measure to pass at the moment. However, now we know precisely how much of a raise the UAW is seeking - 40 percent - according to a new report from Automotive News.
This figure is broken down into a 20 percent raise that would take place for UAW-represented workers as soon as the new contract is ratified, followed by five percent increases that would be implemented each year of the four-year deal. Regardless, these numbers would be far higher than the raises that the UAW negotiated for its prior contract that took effect in 2019 - a pair of three percent increases and two four percent lump sum payments across four years.
"The companies talk about being competitive all the time," said UAW president Shawn Fain. "When union members ask for a raise, they want to talk about competition. When it comes to [CEOs'] pay and how they're treated, competition doesn't matter. The CEOs of the Big 3 over the last four-year agreement have enjoyed a 40 percent increase in pay on average, so I don't think our workers asking for their equitable share, when inflation's gone up almost 20 percent in the last four years, I don't think it's asking a lot for our members to look for their fair share."
While General Motors previously sounded willing to accept a pay raise as part of its new deal with the UAW, the automaker released a statement that seems to backtrack a bit given these new demands. "The breadth and scope of the Presidential Demands, at face value, would threaten our ability to do what's right for the long-term benefit of the team," the company said. "A fair agreement rewards our employees and also enables GM to maintain our momentum now and into the future."
We'll have more on these ongoing contract negotiations soon, so be sure and subscribe to Ford Authority for 24/7 Ford news coverage.
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Hey UAW you endorsed the dude responsible for the record inflation. Call Hunter perhaps he can help,
All the inflation we are seeing is a direct result of failed policies of TOG. The other guy.
Just think if TOG had stolen the election the same $hit would have happened. It was all him and his failures.
Wow, thank God your not an economist or you'd be out of a job.
Drugs are bad, mmmkay? The Other Guy had record job participation and a growing economy, no new war, and energy independence. Since Biden stole the election we have tanked. Our descent accelerates daily. Thanks Joe!
I'd like 40% off MSRP.
I'd lioke to see vehicles folks ordered months ago, delivered. And I mean delivered complete. Not "we'll install that later".
Yep, it's F'ing time they all, including Europe and Asia, go out of business !!!!!!!! EVERY VEHICLE MADE ALREADY COSTS TOO MUCH !!!!!!
Hasn't there been a 40% increase in recalls across UAW brands and a drop in owner satisfaction? Maybe better workers are needed, not big raises.
Think Yellow! 3000 truckers, 2200 of them union members, are out of work. Go ahead UAW, screw your members with your greedy demands. Forty persent is beyond ridiculous.
Just say no! Fed was cheap SS only got 8.3%. Useless auto weasels. My next car will be produced in the south by a non union company.
These demands happen when manufacturers break quarterly record profit time and time again. Manufacturers screwing over the consumers with outrageous msrp’s, now the workers and UAW are coming for their share. If you want to name someone blame the greedy manufacturers for screwing people over and inflating car prices!
They run the company. They make the decisions which lead to a profit. Not the UAW rats. You don't deserve more for standing on a rubber mat installing rivets the same as you were a year ago.
Obviously there's more parts to a car then rivets. I like to see you lift and load door panels or exhaust systems or torque bolts every 45 seconds for 10hrs a day. Easy to criticize when you've never experienced it for yourself. We are only 7% of the cost to produce a vehicle. Manufacturers make over 40% profit per unit. You do the math.
Come try standing on that mat!
I totally agree. There is a day of reckoning and reality coming soon.
I just don’t see how , Mary Barra - or for that matter - any CEO making $23Million ahead of profits! Just Saying!
Let’s go Brandon, everybody happy with Bidenomics?
Let's see how the UAW companies compete in the future with non union auto manufacturers.
They will all be union!
#UNIONTHUGS
Im for maximum wage of $7.25