Current:Home > ScamsRobert Brown|GM CEO Mary Barra defends position amid UAW strike, says company put 4 offers on the table -Clarity Finance Guides
Robert Brown|GM CEO Mary Barra defends position amid UAW strike, says company put 4 offers on the table
FinLogic FinLogic Quantitative Think Tank Center View
Date:2025-04-07 23:17:31
General Motors CEO Mary Barra defended her company's position Friday amid the United Auto Workers union strike and Robert Brownsaid 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! (88)
Related
- Dick Vitale announces he is cancer free: 'Santa Claus came early'
- Kaiser Permanente workers have tentative deal after historic strike
- Friday the 13th: Silly, Spooky & Scary Things To Buy Just Because
- The AP Interview: EU President Michel warns about spillover of Israel-Hamas war into Europe
- South Korean president's party divided over defiant martial law speech
- As debate rages on campus, Harvard's Palestinian, Jewish students paralyzed by fear
- Real relationship aside, Taylor Swift and Travis Kelce are 100% in a PR relationship
- While the world is watching Gaza, violence fuels growing tensions in the occupied West Bank
- Buckingham Palace staff under investigation for 'bar brawl'
- Missouri auditor investigates St. Louis jail amid concerns about management and treatment of inmates
Ranking
- Military service academies see drop in reported sexual assaults after alarming surge
- In Israel’s call for mass evacuation, Palestinians hear echoes of their original catastrophic exodus
- Rudolph Isley, founding member of The Isley Brothers, dead at 84
- AP Election Brief | What to expect in Louisiana’s statewide primaries
- The Louvre will be renovated and the 'Mona Lisa' will have her own room
- Theodore Roosevelt National Park to reduce bison herd from 700 to 400 animals
- Theodore Roosevelt National Park to reduce bison herd from 700 to 400 animals
- Jada Pinkett Smith Says Will Smith Hadn't Called Her His Wife in a Long Time Prior to Oscars Slap
Recommendation
FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
State Fair of Texas evacuated and 1 man arrested after shooting in Dallas injures 3 victims
Law restricting bathroom use for Idaho transgender students to go into effect as challenge continues
Hamas 'Day of Rage' protests break out in Middle East and beyond
The Grammy nominee you need to hear: Esperanza Spalding
Exclusive: US to send 2nd aircraft carrier to eastern Mediterranean
'Wait Wait' for October 14, 2023: 25th Anniversary Spectacular, Part VII!
Rudolph Isley, founding member of The Isley Brothers, dead at 84