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GM’s Offer of 16% Pay Hike Ahead of Strike Deadline Is Quickly Rejected by UAW

  • Slightly higher than Ford’s offer but well below UAW proposal
  • UAW President Fain says GM offering ‘an insulting proposal’
WATCH: Ford Motor Company gave 8,000 workers represented by the United Auto Workers a raise, as the union threatens to walk out. Annmarie Hordern and Kailey Leinz report.Source: Bloomberg
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General Motors Co. made a counteroffer to the United Auto Workers union, proposing a total 16% pay raise for the top wage earners in its plants and a 56% hike for newer employees who make less, the company said in a statement. UAW President Shawn Fain reacted quickly saying the proposal is “insulting.”

The pay raise is slightly higher than what rival Ford Motor Co. offered the union, but is still well short of the 46% raise that would result from the UAW’s opening bid. GM also included $11,000 in inflation protection payments, a shortened period to the top wage and better pay for temporary staff.