That’s a 23% increase over the $32.32 an hour that most factory workers earn.
GM said its offer raises pay for most of the work force to $40.39 an hour, or about $84,000 a year, by the end of a four-year contract.
“We’re eager to conclude these negotiations with a contract that meaningfully improves their lives and provides a strong future for everyone.”Īll three companies have said they cannot increase labor costs to the point where they wouldn’t have enough to invest in new vehicles and factories. “We know that our UAW employees are hurting in this prolonged strike because of lost wages and lost profit sharing,” Ford’s statement said.
