The UAW’s contracts with the nation’s three unionized automakers — General Motors, Ford and Stellantis — all expire at 11:59 pm Thursday.
United Auto Workers President Shawn Fain denied Monday the broad economy will be hurt if his union goes on strike against the nation’s three unionized automakers as soon as this week, saying the only ones that will be hurt by a work stoppage is are the “billionaire class.”
Asked about concern that a strike could harm to the economy and drive up car prices, Fain replied that new car prices have gone up in the last four years without any strike or big raises for his member. The union originally asked for an immediate 20% raise for members and four additional 5% raises over the four-year life of the contract. That would raise pay about 46% over that period. Ford and General Motors are offering 10% raises in the wage rate in negotiations so far, and Stellantis, which makes cars and trucks under the Jeep, Ram, Dodge and Chrysler brands, is offering 14.5%.
“We gave our economic demands to these companies well over a month ago,” he said. He said the union told the automakers not to wait to try to settle everything in the final days.The automakers all declined the opportunity to appear on CNN Monday. They are all on the record as saying they hope to be able to reach a deal with the union without a strike.
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