DETROIT (AP) — United Auto Workers union President Shawn Fain is expected to update members Friday afternoon on progress in contract talks with Detroit's...
DETROIT — United Auto Workers union President Shawn Fain is expected to update members Friday afternoon on progress in contract talks with Detroit's three automakers as movement was reported with General Motors.
A person briefed on the talks says the union is exchanging offers with GM and will meet again Friday with the company. The person didn't want to be identified because they’re not authorized to speak on the record about the bargaining. There also were meetings on Thursday with Jeep maker Stellantis. The UAW is seeking 36% wages, restoration of defined benefit pensions that workers gave up in the Great Recession, pension increases for retirees, an end to varying tiers of wages for workers and other items.
The union, however, says labor expenses are only about 5% of a vehicle's costs, and the companies can divert money from profits and stock buybacks to pay for raises that cover inflation and make up for years of contracts without significant increases. -United Auto Workers union members who went on strike at Mercedes-supplier ZF's plant in Alabama last month demanding higher pay and better healthcare benefits ended a nearly month-long walkout on Thursday.
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