Posts tagged profits
UAW’s Shawn Fain calls GM’s contract counteroffer ‘insulting’: What’s in it
September 8, 2023 // GM presented the counteroffer around 10 a.m. Thursday to UAW leaders. It comes just days after the UAW filed unfair labor practice charges against GM and Stellantis. The National Labor Relations Board is investigating those charges now and the outcome could impact a potential strike. "After refusing to bargain in good faith for the past six weeks, only after having federal labor board charges filed against them, GM has come to the table with an insulting proposal that doesn’t come close to an equitable agreement for America’s autoworkers," Fain said in a statement to the Free Press. In a letter to the employees midmorning, which GM provided to the Detroit Free Press, GM wrote, "Our offer includes well-deserved wage improvements that far exceed the 2019 agreement and reward you for your hard work. We still have work to do, but we wanted to make this offer to show our good faith efforts to keep the process moving." For all hourly employees, GM said it will recognize Juneteenth as a paid holiday, giving a new total of 16 to 18 paid holidays per year. Ford declined to recognize Juneteenth as a paid holiday, Fain has said. GM hourly employees would also receive a $5,500 bonus for ratifying the contract, which matches Ford's offer.
Acting US Labor chief urging West Coast ports contract agreement
June 14, 2023 // On Monday, West Coast seaport employers criticized worker absences, which they said were slowing work at some of the nation's busiest ports, as unions press for a bigger share of record profits reaped when cargo shipments surged during the pandemic. West Coast ports stretching from California to Washington state are critical to U.S. supply chains and the nation's economy. Contract talks have entered their 13th month. The Pacific Maritime Association (PMA), representing terminal operators with ties to the shipping companies that enjoyed a hefty financial windfall from COVID-19, said port operations in Los Angeles, Long Beach and Seattle on Sunday suffered disruptions due to labor shortages.