The proposed accord, which UAW’s leadership must still approve, provides a 25% wage hike over the 4-1/2-year contract, starting with an initial increase of 11%.
The Ford deal, which could help create a template for settlements of parallel UAW strikes against General Motors (GM.N) and Chrysler parent Stellantis (STLAM.MI), would amount to total pay hikes of more than 33% when compounding and cost-of-living mechanisms are factored in, the UAW said.
Sounds about right. I know of a current strike where workers are asking nearly 25%.
This hike in living expenses needs wages to catch up since no one seems willing to roll back to normal on “supply chain” hikes during COVID.
‘roll back’" fk that, they’re still going up… and up… and up.
Disney+ abonament can go up 80% and nobody cares. Union asks for 25% raise…and it’s shocking
(And, yeah, regular household needs to face much more than just the Disney+ fees)
Workers getting paid. Always a good thing.
This will only make Ford slowly and quietly move their operations to countries that don’t have unions. Should take them about 4 and a half years to do it.
