UAW pressures Detroit automakers: More strikes unless wages, benefits are raised

News from this site on October 21, according to Reuters, United Auto Workers (UAW) President Shawn Fain warned on Friday that unless the three major Detroit automakers increase wages and benefits treatment, or there will be more strikes at U.S. truck and SUV plants, and insists the company can afford higher than the record package.

"We're hitting the Big Three like never before," Fein said. "These are extremely profitable companies that have much more to contribute."

After five weeks of strikes, Fein said the UAW received new contract offers in the past 24 hours from General Motors and Chrysler parent Stellantis . Ford made its latest offer two weeks ago.

#This site noted that Fein confirmed that the Detroit Big Three had reached an agreement on a 23% salary increase proposal and made progress on other issues. progress. But he told UAW members "there's more to be done." GM and Ford said additional living costs have increased the total compensation they offer by more than 30%.

While warning of the possibility of expanding the strike, Fein also told UAW members that negotiations are coming to an end. "That's the hardest part of the strike," he said. "Just before a deal is reached, the final mile is most aggressive."

Shares of GM and Ford both closed about 1% higher on Friday before Fein spoke.

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