UAW President Shawn Fain has 'totally outsmarted' the Big 3 leadership: MAEVA Group CEO Harry Wilson
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- เผยแพร่เมื่อ 14 ก.ย. 2023
- Harry Wilson, MAEVA Group CEO and former senior member of President Obama’s auto task force, joins 'Squawk Box' to discuss the latest in UAW's targeted strikes, what it means for U.S. automakers and labor, and more. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/2NGeIvi
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I gave up my pension, took a paycut, and worked through covid. I had perfect attendance and my factory still moved to Mexico. I dont care if this strike destroys the entire economy. Hold Fast!
I care if this strike destroys the entire economy. The world does not owe anyone a living. Government Motors and Chrysler were bailed out by the taxpayer during the financial crisis. Be thankful you are paid well for a low skill job.
It won't destroy the economy. It will speed up the Chinese takeover and make Tesla more dominant. People who are educated and skilled (STEM degrees) will have jobs. You will need engineers, coders, and programmers. Assembly line workers will be replaced by robots soon.
@supermash1 and you are not owed a good economy on the backs of underpayed workers. Get real.
I urge you all to go to WDIV News 4, in Detroit Michigan to watch the president of the UAW strong statements about the record profits and pay increases for the Big-3s CEOS. Mr. Fain for US Congress 2024!
@@populisttrope9385 Underpaid??? and they want a 40% Raise, the big 3 should dump the unions.
No there was no shared sacrifice between the workers and the CEOs in the car industry. Back in 2009!
If the ceo was bankrupt and put in jail, you would still be broke.
You are right Americans sacrificed to keep your job since you are overpaid for lower quality.
@@acornsucks2111Funny how we have the example of the Soviet Union where the “labor loving” government run industry heads were caught doing much worse than the typical US CEO ever did.
Absolutely not. The execs lost a great deal of pay, and often have to save the company from the results of production-based recalls. The workers got paid the same regardless.
There was NO sharing the risk. But the greedy screw-turners want a piece of what the execs earned. And those execs earned ut by keeping the company afloat.
Mary Barra and the other CEOs need to be taking a $1 salary. As she says 92% of her compensation is tied to performance, then great. She will be rewarded handsomely based on her stock holdings. This is how many of the Great companies are run today. If the leadership team gets a 40% pay increase, then the workers should too, but they did not think about that.
Shared sacrifice my butt. Executives and CEOs have been making themselves richer the ENTIRE TIME while the workers continue to flounder and suffer. This narrative that tries to make the corporations as “victims” of this strike is sickening. The legacy issues would only “drag” companies down because they want to pay their executives an ungodly amount of money. If the heads of companies are THAT concerned about the companies viability, how about taking a substantial paycut themselves to show they’re serious?
that's right. Toyota makes more than all of the big 3 and the CEO makes $4.5 million a year. Maybe if the heads took a reasonable salary and put the rest into research and development the could be more competitive.
Simple: CEO’s job is to make more money for the company and they are rewarded for doing just that. Workers are there to work for the company. If moving production offshore saves money for the company the CEO gets a pay increase.
"The labor movement was the principal force that transformed misery and despair into hope and progress." - Dr. Martin Luther King Jr.
That was then, and very true. Today unions are a drag on society, are massively corrupt, and have driven industry away from the developed first world into the developing world. Facts are facts.
The 60s was a long time ago.
@@davek6854all the more reason to revive that movement
@@davek6854that statement was the beginning of the movement
This is true for most labor movements, I guess I’d qualify this with labor movements not attached to socialism or communism generally fare VERY well for its constituents
Trust in CNBC to trot pro-shareholder talking points, and to ignore the record profits and CEO bonuses at the Big 3
CNBC is by the owners for the owners. Probably built by some genius marketer to make the "work" that traders do seem real and valueable :)
unions invest in the stock market for their pensions - it is disingenuous to not admit that an improved stock price does not affect unions positively
the ceos still are Waaaaaaaay overpaid tho - they bring little to no value to the company
@@mike60521xIf the CEO didn’t do their job properly, the average worker would have no job.
Record profits? Ford lost money globally last year…around $2 billion with a b! Yes they made money in North America but they’re a global company. Obviously the CEO has to look at the total picture. Fain is making a huge mistake. The rank and file are starting to admit that too.
If you don't live and work at these plants, you really wouldn't understand
I thought I was going to hear and argument finally for the worker, but as predicted its an attack on them and non-stop defense for the rich and greedy CEOs getting ultra wealthy on the backs of their workers.
Big 3 can easily afford to pay up.
They can also afford to wait these idiots out.
@@letzgobrandon5007boot licker
They can but they dont have to.
The UAW is doing a great job of making sure the "BIG 3" can't compete with Tesla... thanks again for the portfolio boost!
@@letzgobrandon5007idiots? You never worked a day in your life
Job bank is necessary to stop jobs going to Mexico. Stellantis wants to get rid of 18 of their 22 facilities before thus happened. Job bank helps undo what the politicians who sold us out did.
an import fee on vehicles from Mexico should be HEAVILY considered outside of just the chicken tax on trucks, IRA didn’t help by not getting union portion of it passed, and not solely US based manufacturing vs North America as a whole
Mexico needs a/the UAW.I guess it’s a personal health risk to talk about that in Mexico.
The UAW cannot keep its head in the sand. This industry is being changed by Tesla. They are eliminating car components and thus eliminating factory workers. Ford MUST keep pace, or they will be put out of business. That’s why Ford keeps temps- they know this is coming, and soon.
Please research Tesla, and how they are revolutionizing how a vehicle is built. By the way- they have virtually no difficult jobs ergonomically in their plant due to these efforts, as you will see.
@@mike9588Can’t, it goes against the USMCA agreement.
I’m sooo happy that finally I’m hearing a UAW leader bring real info to the discussion- the solution is simple give them the terms they are requesting- they are asking for bare minimum & are being much more lenient to the company’s than I would be. Labor has been cheated & stepped on by corp, politicians & an uniformed public for far too long.
Nothing will save you from Tesla. And they are asking for much more than the minimum.
Stock buybacks were illegal in the past, what use to be criminal is now standard practice. It appears being a blue collar worker is what's criminal now days. United we stand, you know the rest. 👊
Political donations also used to be illegal, frowned upon, and considered bribery.
It should be that way now. Most politicians on both sides are completely indebted and beholden to corporations and billionaires. The will of the people means nothing.
Buy Toyota, united we stand.
Stock buybacks are done when a stock is undervalued. They result in all shareholders benefitting. MANY hourly workers take advantage of purchasing Ford stock, and Ford matches some of those purchases with free shares.
Stock buybacks help all who are invested in Ford stock.
@@acornsucks2111buy Tesla you’re way off
Buybacks just a tool 🥱
But since 2009, we've seen more Stock Buybacks than reinvestment and innovation.
It's just a corporate media talking point they all use
Low profit margin business? Really. Each CEO getting bonuses of 21-29 million. Workers compensation make up 3-5% of the price. Its been that way for decades. Since 2019 auto prices have EXPLODED by 30% and the workers pay haven't moved at all. They can MORE than give out the UAWs requests without raising the price in anything and still esrn record profits. The company had the last three years where they could of given raises if they cared about how inflation affected their workers. Our contract gets tinkered with and tweeked every year. But did they? No. Did they even ask? No. Going to the media with this BS. Bunch of liars.
U spoke ALLFACTSNOMADEUPSHIT 💯
my 19 sierra if bult today cost 9k more only changes are to the screen and lights. Same powertrains and transmission. They are pricing the middle class out of the market. Trucks have sky rocketed. I want to see what they can do to lower prices.
Why give you a raise when you agreed to work for X amount of money???? Who really profits when a company gives the whole entire factory a pay hike ?? Only you do. It's looks bad to investors and stock holders. And that's no good for a corporation
Supply chain issues caused prices to explode. Your whole industry is about to implode.
@@gregorylyon1004 if you want to go that route why should CEOs get millions more while we sit stagnant in wages. We are the ones doing the hard labor . We are asking for what we have earned 100 times over. If every CEO upper management making millions gave small % no one really loses.
Solidarity✊🏾
The initial offer was 5-7% over multiple years?!! That’s insane and a complete insult to the workers!
The workers that make more than teachers in a dying industry destined to be uprooted by Tesla. The arrogance lol
Stock buybacks are not an acceptable substitute for pensions. A company is only worth how much it values its workers. If they leave the USA, they should not be able to sell their products in the USA.
Oh please believe the 60% they make in America will tank tremendously if they leave
Facts!!!! Or any country that trades with the US
They always want to compare the big 3 with our foreign counterparts. Honda,Toyota, and Nissan. Now look at what their CEO'S make compared to the big 3. So, who is being greedy? Fair wages are needed.
Split the cost pay up and pay the guys the 12 cents an hour that averages out too, you guys are morons for thinking the ceo pay is the problem
@@onekingzoro8813exactly, the real problem is capitalism, always has been.
And how does billions of dollars in stock buy backs help with innovation and sustainment?
Was just about to make this point lol
Stocks are bought back when a corporation feels like they are severely undervalued. They buy back, and then resell at profit when the stock returns to proper valuation.
Hourly workers also purchase Ford stock- and are thus also protected from the stock crashing, and losing money on that stock when the company does this. When the company realizes a gain from the sale of the stock, that becomes part of that $9,000 profit sharing check that you get.
I hope this helps.
If they have enough money to do 5 billion dollars in stock buybacks they have enough to give workers what they deserve.
Workers could've just bought some shares, and then they'd be benefiting from the buybacks, instead of wasting everyone's time and money going on strikes. Unions do not benefit employees, they are designed to only benefit themselves.
@@Tangvu ah yes. How they gonna buy stocks when they make like $15/hr? They sacrificed so much to keep these companies a float back in 2008 with the Great Recession.
@@Aurun30exactly how you buy stocks at 15 a hour, people just be saying anything when they have no clue about the details or nothing
Union worker making $15hr?? C'mon man, who you trying to fool, more like $45 and up.@@Aurun30
They took a page from the government's handbook there...@@Tangvu
Solidarity.
Stand strong UAW, you deserve what you are asking for. We have your back.
I don't know how it will turn out but, who can AFFORD any vehicles even used ones????😊
The high cost of cars isn't because of workers, labor costs are only about 5% of a car's price
I bought my first car and home at the age of 20 making 15 an hour. So I guess it is priorities ? Coming from a millennial.
The longer this lasts the more workers in America are paying attention...
2009 bankruptcy caused by banks collapsing, not Uaw contract! 16yrs with a total of 12% raise not going to cut it anymore! If only these corporations had the funds to pay these people... .oh wait..record profits! Record stock buy back! Record Ceo pay!
if the corporations don't put their employees first then I don't want their selling! Americans first!
Family Protection Program "Jobs Bank" would not cost the company a dime if they would not close plants and ruin our communities
Support to the workers. 40% raise good enough for the CEO, workers deserve the same. CEO has to be oblivious/ ignorant to not see the justification for that.
Pull your head out a good CEO is priceless and the workers can all be replaced specially from out of this country
LOL, what's ignorant is extorting a 40% raise and a 32 hour work week while automakers are weighing whether or not to move jobs to Mexico. The union is gonna negotiate itself out of existence, Fain is overplaying his hand.
@@Chuck1284- that's right. Toyota makes more than all of the big 3 and the CEO makes $4.5 million a year. Maybe if the heads took a reasonable salary and put the rest into research and development the could be more competitive.
A 30% wage hike alone won't cure the deficiencies of the last 50 years. FDR wanted a worker's bill of rights after WWII. Those policies were implemented in Germany and Japan, but not here. Maybe we need to dig up those policies....
CEO pay should be capped at $250,000 a year for all of the big 3,
Pay their workers 50,000 to 100,000 depending on individual skill sets. Then sell trucks and cars from the 20k-50k range depending on trim levels, not a dollar more.
I'm a CEO and I don't like your comment! I need 10 mill a year or I can't survive!
They are averaging $66/hr in pay right now. You want a 40% increase in labor costs, be prepared to pay 30-45% more for a vehicle that breaks down every 8,000 miles.
Solidarity 4 Ever!
All power to the working-class!
✊🏼
Workers are starting to wake up. Wealth transfer to the rich has been increasing for many decades and we wont stand for it any more.
Automakers tack on a 30 price to a vehicle that consumers pay for, uaw members have only had a 6 percent raise do the math who's making the money
Shawn Fain is brilliant!
No more trickle down economics!
Ya mean trickle up, that whole 50 trillion going from the working and middle class to the top 1 percent over the last 40 years. O don't forget it's the unions, immigrants, trans and gays and the teachers trying to take away your guns or something like that. Well it's all there faults not your boss'$;)
I'm sick and tired of seeing people who have never set foot in any auto-factory talk like they know the ins and outs of an auto workers job!! We have to work 12 hours a day for 7 days a week on end for months!!! And when that goes away we still have to work a mandatory 60 hours a week in most cases and still cannot afford the vehicles we make!
GM could've gave the 50,000 UAW members an $80,000 raise and still profit $18,000,000,000 (18 billion) . The BIG 3 absolutely owes all UAW members a 40% raise with retirement healthcare and a pension after we gave it away to keep the companies afloat! Now they're making more $$$ than they EVER HAVE!!! ITS TIME THEY MAKE US WHOLE AGAIN! There was also enough money throw at the previous corrupt union leadership under the table but apparently not enough for the hard working UAW MEMBERS!! They've also spent more on stock buy backs than what they spent on the entirety of the last contract!!! If you have money for wall street, THEN YOU HAVE MONEY TO SPEND ON TAKING CARE OF THE SAME PEOPLE WHO ACTUALLY BUILD THE WORLD CLASS VEHICLES!!!!
car prices have risen over 30% the past 2-3 years while the UAW has only gotten 6% in raises over the entirety of the previous contract!!!!
THE BIG 3 ARE PRICE GOUGING THE AMERICAN CONSUMER!! And yet, those very same consumers have the AUDACITY to blame UAW????? GET YOUR FACTS STRAIGHT 💯
When we win (UAW), all hard-working laborers win as well!! We're setting the standard for the value of labor!! MAKING VEHICLES ISNT FOR EVERYONE! Imagine destroying your body for 30 years and not getting retirement Healthcare when you need it the most!
WHEN YOU DEDICATE 30 YEARS OF YOUR LIFE AWAY TO GREEDY COMPANIES, THEY HAVE A RESPONSIBILITY TO TAKE CARE OF YOU!!
America is the most over-worked populace in the world!! It's time we fight the companies to give some of our precious life back to us! ITS ASININE FOR A COMPANY TO BE ABLE TO OWN YOU FOR 90 DAYS STRAIGHT (12 HOUR SHIFTS)!!! BUT SOMEHOW ITS A CRIME TO WANT SOME OF YOUR OWN LIFE BACK!!!
OPEN YOUR EYES PEOPLE! WE THE UAW HAVE THE BALLS TO FIGHT FOR WHAT WE BELIEVE IN!! JUST BECAUSE MANY OF YOU DONT VALUE YOUR OWN WORK/LIFE BALANCE, DOESNT MEAN WE, THE UAW, HAVE TO SETTLE FOR LESS!!
WHEN THE UAW WINS, WE ALL WIN!!!
ITS TIME WE GET BACK TO A WAGE RATE THAT CAN SUSTAIN A FAMILY @ HOME AND SEND THEIR KIDS TO COLLEGE! If anyone is against those values, then you're no better than the self-inflated egotistical CEO's who place 0 value on our lives.
WE ARE WILLING TO SACRIFICE IN ORDER TO GAIN. Not many of you can claim the same.
Grow a backbone and fight for a better life instead of eating up the spoon fed bullsh*t that the corporate giants are dishing out.
STAND STRONG UAW!
Oh Boo hoo! No one forced you to work there, if you weren't happy, you could have worked somewhere else.
@christytaylor5554 when faced with adversity, I REFUSE TO QUIT!
you on the other hand, obviously can't claim the same.
@@xvert3646 sure thing princess, that's why I'm at work and you're walking a line...🤷🏻♀️
@christytaylor5554 I love how wrong you are since I'm currently working a 6 day schedule @ GM Spring Hill TN. But hey, you know so much about the auto-industry and how everything works inside the walls of this place . I'm astounded
@@xvert3646 only 6 days? I remember my 1st part time job too princess. 😊
Did someone put a gun to your head and force you to work there?
No?
Then it's YOUR choice to continue to work there. Period.
When we lost cola that’s what set us back. If they go back to the original formula we will not experience this problem in the future if they don’t we will be in the same boat in another 10years. Cola is what keeps our wage competitive bottom line
Yes ....I agree! New coke sucks!
Keep giving those workers Cola so they can stay refreshed and work hard
A strike now won't hurt anyone. Dealers' lots are full. No one is buying. They could volunteer a shutdown. A bigger issue is auto manufacturers' insistence on marketing to the highest income earners discontinuing anything under 16k dollars. Ford's full inventory is out of reach for most of the working public. Manufacturers are in a really bad place with respect to what people are willing to buy. Unloading the heavy cost of dealer markup would be the first concern in efforts to survive the future economy. Using bankruptcy as a tool to unload the dealer network would be wise. Let's allow the unions to get us there? Great strategy
The CEOS have enjoyed record profits since they almost ran the company's into bankruptcy they don't want to give up that money, but now it's up to the autoworkers to continue to sacrifice that's BS neither inflation nor labor costs have driven up the price it's the CEOS 30 percent price gouging the consumers period my brother works for Stelantis he said a vehicle could be sold for 15 grand instead of 30 50 or a 100,000 dollars
America is about to show its true colors soon
CEO: saves company millions
Avg worker: Build crappy product
CEO: Gets paid bonus because they did a good job
Avg worker: *Whining and screaming because they want to make $100,000/year to build crappy products*
Local 182 100% strike ready
Out smarted?!?!?!? Mr. Fain is just keeping it real. The general public need to wake TF up. CEO pay has skyrocketed 1,322% since 1978
CEOs were paid 351 times as much as a typical worker in 2020
CEO pay is what’s driving a lot of the anger it seems.
Mary Barra and the other CEOs need to be taking a $1 salary. As she says 92% of her compensation is tied to performance, then great. She will be rewarded handsomely based on her stock holdings. This is how many of the Great companies are run today. It's only fair of the leadership team gets a 40% pay increase, than the workers should too, but they did not think about that.
CEOs use to come from within the companies, not Wall Street.
@@SlumberSourcegotta watch out for manipulation.
Mary Barra has paid herself almost
200 MILLION dollars since she took over GM. She is a crook.
They cant seem to comprehend the concept of potentially making less money to benefit the company. The guys arent even making 70-80K but 1 single CEO can earn 25-30 million? America is about to show its true colors soon
Solidarity with UAW!!
The union definitely has my support.
I hear Harry mention "shared sacrifice, shared success". Why not ask the shareholders to participate too by cutting their dividends in half?
the dividend was halted in 2008 when the companies went bankrupt and the taxpayers bailed the companies out. the workers were put before the bond holders at the time which was illegal. the bond holders got nothing. the law means nothing any more in this nation.
Preach it. Or the CEOs to sacrifice, have yet to see that.
The revisionist history and gaslighting of business practices since 2020 is embarrassing
What have they been doing with record billions of dollars???
Stand with the workers! Sign the UAW contract! ✊
If mark up is so little how do they justify such ridiculous salaries for upper management?
Labor costs are about 5% of the cost of a car, the Big 3 can afford the demands of the UAW
The pre 1850 American south had a name for free labor economy.
Today CEO's get million dollar pay raises for it and call it innovation.
I guess those CEOs don't warrant those huge 40% raises if they can be outsmarted by a working class electrician? xD
Ford gave 5 Billion to the stockholders. That money would of went a long ways to compensate workers.
The UAW is doing a great job of making sure the "BIG 3" can't compete with Tesla... thanks again for the portfolio boost! The shareholders actually own the company, the workers will soon be replaced by robotic arms.
Ford should have invested that money in EV and battery supply chain. Instead they are only able to offer ice vehicles as their EV sell for a loss. You can’t build profitable EV if you don’t invest in the EV/battery supply chain.
If the workers accepted share based compensation it would have
As long as there are no government bailouts, let the wars begin !
There were no "bailouts" for the auto companies my friend. The auto companies received LOANS that were repaid WITH INTEREST! BANKS got bailed out back in 08.
Wow!! Finally, a real interview by cnbc discussing facts and not hypothetical rhetoric of what if statements.
Toyota, Honda, Mazda, Kia, and Hyundai will be gaining a lot more customers.
"Shared sacrfice shared success" The Ceo got 40% pay raise and they did $5 billion in stock buy backs and gave the workers literally nothing lol
Shawn Fain a Hero !
For. The. People.
I would love to know who should pay the price for the bad decisions that they made? I was supposed to be treated as a traditional wage and benefit. They decide to change my rehire language I lost $10 an hour My pension was froze and I'm no longer able to receive retiree health care that I paid into.
Well done UAW, stand strong and help bring up the working class in America!
10 years from now the old three will be a shell of itself today.
CEOs making 600 times the average worker pay and spending billions on stock buybacks should be illegal..
All the news stations have experts saying what were asking for is unattainable, its just not possible! Workers making $65/hr in wages and benefits...They arent accurate nor are they calculating in the fact that Ford has a ton of 2nd teir workers who DID NOT RECIEVE FULL PAY FOR 8 YEARS!!! Myself being one of them? How much has that saved? Or the temps that don't recieve full pay or benefits for some of them it's been almost 3 years and they're still at the very bottom of our pay scale! And why isn't anyone talking about us employees with NO PENSION? Bet they didnt calculatd that either. Or the fact that at one of the big 3 it would take an average worker over 300 YEARS TO MAKE WHAT THE CEO DID IN ONE!!!!!! 40% wage increases for our CEOS WHOSE BENEFIT PACKAGES FAR OUTRANK OURS. NOT TO MENTION THEY'RE RETIREMENTS?
IF ITS UNSUSTAINABLE FOR US WHY SHOULD IT BE SUSTAINABLE FOR THEM? HOW ABOUT THE NEWS ORGANIZATIONS START LOOKIMG AND REPORTING ON THESE TOPICS AND EVALUATE THE AMOINTS WEVE SAVED AND SACRIFICED FOR THESE COMPANIES IN THE PAST 20 YEARS? WHY DONT THEY SPEAK ABOUT HOW MUCH PRODUCTION HAS INCREASED, WHILE WORKING CONDITIONS AND SAFETY PROTOCOLS HAVE SUFFERED? OR HOW WE AT KTP HAVE TO USE KEVLAR GLOVES THAT ARE BRIBG WASHED AND REUSED? OTHER PEOPLES SWEAT, DIRTY BAND-AIDS AND FINGERNAILS LEFT STILL INSIDE THEM!!! NOT TO MENTION THE SAFETY COATING BEING BARELY VISIBLE LET ALONE DOING MUCH GOOD! WHY ISN'T ANYONE SPEAKING ABOUT THESE ISSUES FOR WORKERS?
Toyota is laughing all the way to the bank.
Toyota is in dead last place in the race to quality EVs.
Typical GOP logic goes like this "Bring the jobs home! America first!" Then, American workers want better wages and better benefits and the same GOP start screaming "I want cheap products! We need more cheap labor from overseas!" SMH.
Of its such a low margin business why are profits up so much and how did they afford to give the CEO such raises? I bought a new car last year and had to pay over sticker for it. Someone pocketing that extra money.
The dealership pocketed your extra coins
People are delusional if they really think that, in this day and age, unions are looking out for their workers. In this economy people are sttuggling, most of them not making close to $32 an hour, let alone working 4 days a week! The future, unfortunately is EV, so your business is bound to go down. Instead of finding bettee jobs, these grown men are crying to a union who will do nothing when the whole economy collapses. Get a grip, people!
The Big Three is already having trouble selling pickups. Price too high and interest rates are contributing, so this strike at least for a short period is helpful to the Big Three. Labor costs and dealer inventory both shrinking. If it goes longer than 30 days, other problems may arise.
Meanwhile, the rest of us are buying Mercedes and Teslas....
The agreement should be whatever % the ceo gets the workers should get aswell. They depend on each other.
Funny they say big 3 will lose billions, why not just pay the workers, higher morale means bigger profits. These greed balls cant figure that out. Hope we stand out for what we want since we helped them achieve record profits. Inflation on average will go up another 15 percent of 5 years min. 40 percent increases over 5 years is nothing for these crooks
And anyone who knows anything about interest rates knew some inflation was coming after Trump sent interest rates back to zero years ago.
This guys makes sense for us. 30% is fair but Im not at the table. Or the one paying. Other issues still on the table.
Has the workers considered eating cake?
how about invest in your employees? hmmm
Oh please, how much do YOU make amid record profits that is not shared with your employees?
Where's your college degree buddy ???
The Only Effective Answer To Organized Greed Is Organized Labor
Flip side of the same coin. If you believe otherwise I feel sorry for you.
Bull$hit
The UAW is doing a great job of making sure the "BIG 3" can't compete with Tesla... thanks again for the portfolio boost!
I’m with the UAW workers. Pay them what they ask and my next car will be a GM
I wonder how many of these workers employees actually buy and own company stock? Then you see first hand how your own performance effects the price.
Now the big three auto manufacturers can fire anyone that striking and replace them with non-union workers
This will widening the gap between the big 3 and most American car company
Equality! 🏆👍
The big 3 should be forced to openly address their unfair and immoral use of Mexico’s slave labor.
What Mexican slave labor ??? All those Pedro's and Pablo's are all of working age and have agreed to work what they were offered. It's no wonder why GM went to Mexico. If I were in charge, I would do the exact same thing. GM almost went bankrupt paying lifetime pensions 15 years ago. You can blame all the retiree's for the situation your in now
Labor cost is 2 to 4 percent
Very few people have kept up with inflation in the past few years.
CNBC likes to leave all the pertinent figures out of their reporting 🙄
A corporation paying their workers as little as possible was not intentional? Please.
30% raise, eliminate the tier wage scale replace with a standard senority driven 5 year wage base insuring equity pay scale standardized for all workers. End 16hour scheduling with 8 hours off back to 16 hours/replace with standardized 5 day work week with 30 to 40 hour threshold for overtime pay at from time and a half for 8hrs, and double time pay any hours worked beyond that time. All Holidays & Paid vacation, 1, 2, 3 to 4 weeks vacation progression with 2 to 3 weeks over 5 years wage progression, 4 weeks with Senority progression. Shift and Week end differential when scheduled to work evenings and midnight shifts. All standard Healthcare & Medical benefits. Ect.
Interview the workers not corporate talking heads.
Jesus has the final Word🙏🏾
2:57 fair. Strip the ceo to pay everyone. Ceo doesnt need 30 mill. Give her a mill and thats more than enough.
Violation of shared sacrifice happened in 2011
I don't want to buy made in Mexico 😢
GM half ton trucks are all made in Mexico
This guy is totally biased. Barely a word that's not in favor of the unions. The story cannot be that one-sided
I'm a third generation auto worker... it is that one sided......
I qualify for welfare working for ford...... family before me never would qualify...
Forget both sides. Company is all profit and executive over compensation. Jacking prices. Cost cutting on the ACTUAL CAR..
Union is like "give us 3 months a year off and.. And.. Let is be inefficient! Yeah! "
Who is advocating for the actual car? These people all seem to be in the wrong line of work. You should love cars to build and design cars. You should love engineering to engineer cars. I don't think they love or care about cars. Which is that actual product a consumer is buying, depending on makers to love and care about cars.
But instead management's probably like "hey lets give ourselves a bonus and saved $50 per car by using worse screws! "
Wow dude! Thanks! So happy you all love cars!
Dearborn Michigan. Anyplace really in the business. Should make its goal, very purpose, to make the HIGHEST QUALITY, MOST RELIABLE, BEST DESIGNED cars in the world.
Thats it! No over pay. No rediculious management. No screw ups. No excuses.
Love cars. Right down to the quality of that little screw. Or get out of the business. Just get out. Find a new job. Close the company. Whatever! Just go away!
Union, management. I don't care what side.
If your goal isn't loving and turning out the best possible. Simply, go away. Quit, hope you get fired. Go bankrupt. I don't care. Just go.
Without a pension plan, this ain't passing
2/3 of all uaw workers have started at tier 2 and do not have pension. Nothing will pass without one. Also start 8yrs behind the top wage, so no real savings
I do hope the UAW requests won’t be met. If they do, the other unions will follow, and labor cost will skyrocket. We’ll lose competitiveness and have inflation at the same time.
Evs are the problem and media it is not your bussiness stay out of the negotiations
They need to be talking about the sacrifice they gave
Retirees Healthcare did not bankrupt Gm and Stellantis
So it’s ok for the ceo to get almost 30 mil and the workers don’t get anything ? That’s crazy , why not cut they money , them workers getting screwed , hope they get what they are owed
30% guaranteed raise over 4 yrs is AMAZING!!! try working a non-unionized job folks you would have to be a STELLAR proformer to get that. You should be grateful to have that job last for the next four yrs. my understanding is that EVs require considerably less human workers.
Yes, this is what I'm hearing as well. Something about how EVs are made with less component parts than conventional automobiles so there is less demand for the labor. Idk.
That’s why unionization is good for workers and why wealthy international corporations and politicians work so hard to crush unions.
Pretty much all of us have worked jobs like that. Everyone should be in a union.
No I'd rather be at McDonald's with my skill set and decades of knowledge making minimum wage... That's what now $15/hr? That's what these execs want. Skill and dedication at minimum wage. Something askew there.
Where did they find these clueless hacks!!?