UAW President Rejects 21% Pay Hike Offer from Stellantis

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Source: CBS News
UAW President Rejects 21% Pay Hike Offer from Stellantis
Photo: CBS News
TL;DR Summary

United Auto Workers (UAW) president Shawn Fain has rejected a 21% pay increase offered by Stellantis, the parent company of Chrysler, as autoworkers from Ford, General Motors, and Stellantis went on strike. The UAW is demanding a four-day work week, substantial pay raises, more paid time off, and pension benefits. Fain stated that the union has asked for 40% pay increases to match the average pay increases of the CEOs at the three companies. The autoworkers are frustrated with falling behind while the companies have seen significant profits. President Biden has expressed support for the strike and is sending top administration officials to Detroit to support negotiations.

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