Current:Home > MyTrendPulse|GM CEO Mary Barra defends position amid UAW strike, says company put 4 offers on the table -FundGuru
TrendPulse|GM CEO Mary Barra defends position amid UAW strike, says company put 4 offers on the table
Ethermac View
Date:2025-04-08 12:28:48
General Motors CEO Mary Barra defended her company's position Friday amid the United Auto Workers union strike and TrendPulsesaid 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! (69981)
Related
- DoorDash steps up driver ID checks after traffic safety complaints
- Virginia police identify suspect in 3 cold-case homicides from the 1980s, including victims of the Colonial Parkway Murders
- United, Alaska Airlines find loose hardware on door plugs on several Boeing 737 Max 9 planes
- Michigan vs Washington highlights: How Wolverines beat Huskies for national championship
- Don't let hackers fool you with a 'scam
- Katy Perry Details Vault of Clothes She Plans to Pass Down to Daughter Daisy Dove
- Margot Robbie wears pink Golden Globes dress inspired by Barbie Signature 1977 Superstar doll
- 3 people dead, including suspected gunman, in shooting at Cloquet, Minnesota hotel: Police
- Retirement planning: 3 crucial moves everyone should make before 2025
- Kenyan court: Charge doomsday cult leader within 2 weeks or we release him on our terms
Ranking
- Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
- Maryland Gov. Wes Moore proposes public safety measures
- Aaron Rodgers Still Isn’t Apologizing to Jimmy Kimmel After Jeffrey Epstein Comments
- Let Kate Hudson's Advice Help You Not Lose Motivation for Your Health Goals in 10 Days
- Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
- Barry Keoghan Details His Battle With Near-Fatal Flesh-Eating Disease
- A minivan explodes in Kabul, killing at least 3 civilians and wounding 4 others
- Rob Lowe gets an 'embarrassing amount' of sleep: Here are his tips to stay youthful
Recommendation
'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
Nikki Reed Shares Rare Glimpse of Her and Ian Somerhalder’s 2 Kids
'Poor Things' director praises Bruce Springsteen during Golden Globes acceptance speech: Watch
Kate Middleton Receives Royally Sweet Message From King Charles III on Her 42nd Birthday
Intellectuals vs. The Internet
Millions could lose affordable access to internet service with FCC program set to run out of funds
Michigan vs Washington highlights: How Wolverines beat Huskies for national championship
A new discovery in the muscles of long COVID patients may explain exercise troubles