UAW's push for higher wages, better benefits could add billions in labor costs

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UAW's push for higher wages, better benefits could add billions in labor costs
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UAW proposals call for a 32-workweek with 40 hours of pay, pensions extended to all workers, revival of health care coverage for retirees and a 46% increase. A UAW spokesperson declined to comment on the cost estimates but referred to Fain's previous statement that 'record profits mean record contracts.' The biggest U.S. automakers are mired in tense contract negotiations with their largest union.

A UAW spokesperson declined to comment on the cost estimates but referred to Fain’s previous statement that “record profits mean record contracts.”The biggest U.S. automakers are mired in tense contract negotiations with their largest union. UAW President Shawn Fain has declared “war” on the corporations and warned the union’s demands would be “the most audacious list of proposals they have seen in decades.” The union’s current contract with all of the Detroit legacy automakers expires Sept. 14.

“For us, this is not simply a number crunching exercise,” Farley told analysts during the automaker’s second quarter earnings call. “We believe over time customers will appreciate and reward our approach and our workforce will be more committed.” On Tuesday, Fain lashed out against Stellantis for its starting proposal in labor negotiations, calling it a “slap in the face” during a livestream on Facebook and accusing the owner of the Jeep and Ram brands of lying to its workers about how aggressive its asks are. Stellantis didn’t respond to a request for comment about Fain’s speech.

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