11/6/2023 0 Comments Gm powercard paymentIn addition to a return of traditional pension payment plans and significantly higher pay for retired workers, the union is seeking health care for all retired UAW members. In part that's because workers who now make components for internal combustion engines will need a place to work as the industry transitions to EVs. The union wants those plants to receive top UAW wages. Perhaps most important to the union is that it be allowed to represent workers at 10 electric vehicle battery factories, most of which are being built by joint ventures between automakers and South Korean battery makers. With that in mind, the union also wants to implement a "working family protection program" that pays UAW to do community service work if the companies shut down a facility. We must have the right to defend our communities." "The Big Three have closed 65 plants over the last 20 years," according to the UAW's website. The union is also asking for the right to strike over plant closings. Congress amended federal labor laws in 1940, limiting the workweek to 40 hours, but nearly 15 years earlier, Ford Motors became one of the first companies to implement a 40-hour week. The UAW says that paying employees half as much for doing the same work amounts is unfair.Īdvocating for shorter workweeks is not a new concept for auto workers. Lower-tier employees also aren't eligible for defined benefit pensions, and their health benefits are less generous. But those hired after 2007 are classified as lower tier and earn far less - up to about $17 an hour. Under that system, top-tier workers - meaning anyone who joined the company in 2007 or earlier - earn an average of roughly $33 an hour. The UAW wants the Big Three to scrap its two-tiered wage structure. UAW's Shawn Fain says he's fighting against "poverty wages" and "greedy CEOs." Here's what to know.How much does an average UAW autoworker make-and how much do Big Three CEOs get paid?.That's because autoworker "concessions made following the 2008 auto industry crisis were never reinstated," Hersh said in a recent blog post, "including a suspension of cost-of-living adjustments." For decades, the Detroit automakers offered a COLA, but stopped after GM and Chryslers went bankrupt following the 2008 financial crisis.Īdjusting for inflation, autoworkers have seen their average wages fall 19.3% since 2008, according to Adam Hersh, senior economist at the left-leaning Economic Policy Institute. The UAW also wants the Big Three to reinstate annual cost of living adjustments, arguing that inflation is eating away worker paychecks.
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