UAW chief says offers from auto companies are inadequate, says union is ready to go on strike

In an online address to union members, Fain said General Motors, Ford and Stellantis have raised their initial wage offers, but have rejected some of the union's other demands.

Questioned Wednesday night after an appearance at the Detroit auto show, a frustrated Ford CEO Jim Farley said if the union strikes Ford, it's not the company's fault because it has made four offers and hasn't gotten a "genuine counteroffer." The union president said it is still possible that all 146,000 UAW members could walk out, but the union will begin by striking at a limited number of plants.

The UAW started out demanding 40% raises over the life of a four-year contract, or 46% when compounded annually. Initial offers from the companies fell far short of those figures. The UAW later lowered its demand to around 36%. In a statement, Stellantis said it gave the union a third wage-and-benefit offer and is waiting for a response.

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Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »