11/20/2023 0 Comments America honda finance paymentThose hired since – a majority of hourly workers – do not. Workers hired before 2007 still have those benefits. The UAW wants a return of traditional pension payment plans and retiree health care for all UAW members. “The differences involving non-wage demands are a gulf, not a gap,” said Anderson. It could be more difficult to reach a deal on the union’s other issues. “The difference between the automakers and the unions on wages is a gap that could be closed,” said Patrick Anderson, CEO of Anderson Economic Group, a Michigan research firm. It’s always better for unions to be negotiating with financially healthy companies rather than struggling companies. Stellantis profits were also up, but that company was only recently formed by a merger (in early 2021). That produced record profit for GM last year, and near-record profit for Ford. In the union’s favor is the current strong demand for cars and trucks, and near-record prices for new vehicles. He said he thinks there will eventually be a deal that the union leadership can accurately describe as a win for members, even if it falls short of its current demands. In comments to members Friday, Fain called those offers “insulting,” given the automakers’ sizable increases in profits in recent years.ĭespite the large gap, the union can still score big wins in wage gains, particularly by eliminating a lower tier of wages for workers hired since 2007, said Art Wheaton, director of labor studies at Cornell University’s School of Industrial and Labor Relations in Buffalo. The UAW said Friday that GM and Ford are each proposing 10% increases in the hourly wage rate over the next four years in their most recent offers, while Stellantis, which makes cars in the US market under the Jeep, Ram, Dodge and Chrysler brands, is offering 14.5% raises. Taken together they would increase hourly pay by 46% over the four-year life of the contract. The union demands an immediate 20% raise, and then four additional raises of 5% each. Here is what the union is demanding … and what happens next. The automakers have balked at most of the union’s demands, according to the UAW. He admits the union’s demands are “ambitious” but he insists they’re justified, given the automakers’ strong profits in recent years. The contracts with the three automakers all run out at 11:59 pm Thursday, and UAW President Shawn Fain insists the union stands ready to go on strike Friday at any company that has not reached a tentative deal by then. Time is running short to avoid a strike at America’s three unionized automakers, and the distance between the United Auto Workers union and the companies remains large.
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