GM makes ‘insulting proposal’ ahead of autoworker deadline, UAW president says
General Motors offered a 10% wage increase for union workers
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General Motors on Thursday offered a 10% wage increase to the United Auto Workers (UAW) ahead of a Sept. 14 deadline, and the union’s president called it an "insulting proposal that doesn’t come close to an equitable agreement for America’s autoworkers."
UAW President Shawn Fain said GM made the offer after refusing to bargain in good faith for the past six weeks and having federal labor board charges filed against it.
Shawn Fain, president of the United Auto Workers, during a Labor Day parade in Detroit Monday, Sept. 4, 2023. (Getty Images / Getty Images)
"GM either doesn’t care or isn’t listening when we say we need economic justice at GM by 11:59 p.m. on September 14. The clock is ticking. Stop wasting our members’ time. Tick tock," Fain wrote in a statement.
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GM’s offer also included additional 3% annual lump sum payments over four years and the recognition of Juneteenth as a paid holiday, while eliminating two steps for temporary and in-progress employees to max pay.
The new GM logo on the facade of the General Motors headquarters in Detroit March 16, 2021. (REUTERS/Rebecca Cook / Reuters Photos)
"We have progressed to more detailed discussions in our 2023 UAW/GM labor negotiations, and today we put an economic offer on the table to the union," a GM spokesperson said in a statement sent to FOX Business. "Our offer has been developed considering everything in our environment, including competitor offers and what is important to our team members. It includes well-deserved wage improvements that far exceed the 2019 agreement."
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The union is seeking a 46% pay raise over four years along with an array of additional benefits, including a reduction of the workweek to 32 hours for 40 hours worth of pay for its 146,000 members at Ford, GM and Dodge parent Stellantis, whose latest offer the UAW rejected last month.
Workers put engines on frames as Ford Motor Co. fuel-powered F-150 trucks are produced at the Truck Plant in Dearborn, Mich., Sept. 20, 2022. (Jeff Kowalsky/AFP via Getty Images / Getty Images)
Last week, Ford said it had offered a 9% wage increase through 2027 and 6% lump payments, while Stellantis said Wednesday it planned to make a counteroffer to the UAW this week.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| F | FORD MOTOR CO. | 10.98 | -0.15 | -1.35% |
| GM | GENERAL MOTORS CO. | 55.04 | -0.55 | -0.99% |
| STLA | STELLANTIS NV | 12.36 | -0.85 | -6.47% |
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FOX Business reporter Breck Dumas and Reuters contributed to this report.