Current:Home > FinanceBenjamin Ashford|GM CEO Mary Barra defends position amid UAW strike, says company put 4 offers on the table -NextGenWealth
Benjamin Ashford|GM CEO Mary Barra defends position amid UAW strike, says company put 4 offers on the table
Oliver James Montgomery View
Date:2025-04-09 04:59:56
General Motors CEO Mary Barra defended her company's position Friday amid the United Auto Workers union strike and Benjamin Ashfordsaid GM has put multiple offers forward.
"We've been at the table since July 18th. We received over 1,000 demands," Barra told "CBS Mornings" on Friday. "We put four offers on the table."
She said she is "very proud" of the "historic" offer the company put on the table Thursday, because "it's a record from a gross wage increase perspective in our 115-year history, as well as maintaining strong ... world-class health care that our employees enjoy."
"And I think one thing that's very important is from a job security perspective, in this contract, we have product and work for every single one of our plants," she said. "And that didn't happen by accident."
Barra said GM couldn't be successful if the company met all of UAW's demands. The initial demands, she said, were over $100 billion.
"We still have a ways to go with the offer they put on the table last night," Barra said.
"We're at the table now ready to keep going and get this resolved as quickly as possible," she said.
Thousands of members of the UAW initiated a strike at midnight, affecting key facilities in the automotive industry. Picket lines have emerged outside Ford's Michigan Assembly Plant, a GM plant in Missouri and a Stellantis plant in Ohio, marking the first time all Big Three automakers have been hit simultaneously.
When asked why GM won't meet the union's demands, which include a 36% pay raise, a four-day work week and pension benefits for all employees, Barra said GM must ensure the company's success over the next 115 years by investing in new products customers want to buy.
"That impacts the number of vehicles we build, which directly impacts how many people are part of our manufacturing team," she said.
The strike has raised concerns about General Motors' ability to maintain its production lines, especially at the Wentzville plant in Missouri where they recently launched the Chevrolet Colorado and the GMC Canyon, both of which Barra said are in strong demand. Barra said GM's cargo van has also been in strong demand for over a decade.
Barra said the strike will likely have an impact beyond Wentzville but that GM is "going to continue to work to meet customer needs."
Regarding her own compensation, Barra said that "over 92% of executive compensation is performance-linked," and highlighted the company's profit-sharing program. "When the company does well, everyone does well," she said.
veryGood! (26)
Related
- Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
- Dating apps are tough. Is there a better way to find a match today? | The Excerpt
- Court puts Ohio House speaker back in control of GOP purse strings
- Abortion rights supporters in South Dakota blast state’s video of abortion laws
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- Dolphins, Jalen Ramsey agree to record three-year, $72.3 million extension
- Hawaii can ban guns on beaches, an appeals court says
- A man who attacked a Nevada judge in court pleads guilty but mentally ill
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Nevada’s only Native American youth shelter gets lifeline as it fights for survival
Ranking
- Could your smelly farts help science?
- Check Out Lululemon's Latest We Made Too Much Drops, Including $59 Align Leggings & $68 Bodysuit for $29
- Dating apps are tough. Is there a better way to find a match today? | The Excerpt
- Delinquent student loan borrowers face credit score risks as ‘on-ramp’ ends September 30
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- AP Decision Notes: What to expect in Delaware’s state primaries
- 1 of 2 missing victims of Labor Day boat crash found dead in Connecticut
- Hawaii can ban guns on beaches, an appeals court says
Recommendation
Sonya Massey's father decries possible release of former deputy charged with her death
AP Decision Notes: What to expect in Delaware’s state primaries
AP Decision Notes: What to expect in New Hampshire’s state primaries
Dolphins, Jalen Ramsey agree to record three-year, $72.3 million extension
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
Bachelorette’s Jonathon Johnson Teases Reunion With Jenn Tran After Devin Strader Drama
'The Bachelorette' boasted an empowered Asian American lead — then tore her down
Will Taylor Fritz vs. Frances Tiafoe finally yield Andy Roddick successor at Grand Slam?