Hyperdrive
UAW Demands Would Add $80 Billion to US Carmaker Labor Costs
- Internal calculations see labor costs rising to $150 an hour
- UAW President Fain calls automakers’ demands ‘an insult’
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New contract demands made by the United Auto Workers union would add more than $80 billion to each of the biggest US automakers’ labor costs, according to people familiar with the companies’ estimates.
That large an increase to labor costs over the contract’s four-year term could wipe out profits and threaten the carmakers’ futures, according to the people, who asked not to be named because the analysis has not been made public.