UAW Aims For At Least 30% Wage Bump to Woo New Members

  • Union initially said it wanted a 40% pay raise from carmakers
  • Increase takes into account a cost-of-living allowance
WATCH: The UAW wants a 30% raise for workers.Source: Bloomberg
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The United Auto Workers union wants to emerge from its strike against Detroit’s three major automakers with at least a 30% pay raise, according to people familiar with the matter.

That’s the level — which is lower than the around 40% hike it initially proposed to Ford Motor Co., General Motors Co. and Stellantis NV — that the union believes will allow it to satisfy existing members and organize non-union plants. It takes into account a cost-of-living allowance, or COLA, and a general wage increase, according to the people, who asked not to be named because the talks are private.