GM CEO Mary Barra tells she’s ‘frustrated’ about the strike
Mary Barra, CEO of General Motors, said that her company has a “very compelling offer” for the union in response to the overnight autoworker strike.
“I believe we have an offer that resonates with our employees,” Barra told Vanessa Yurkevich, stating that the offer includes pay raises of up to 21%, job security, and healthcare. “Our team is ready to be at the table… and we need UAW leadership to get back to the table so that these issues can be resolved.”
However, Barra pushed back against the union’s claim that workers want pay increases similar to hers, pointing out that profit sharing has reached record levels in recent years. The union’s demands should also be “realistic,” and not exceed $100 billion, which is more than twice GM’s market capitalization.
Barra pointedly stated, “If you’re asking for more than the company made, then that’s not a good position.”. Barra concluded, “I feel like we’re in a good position to handle this.”
For the first time in its history, the United Auto Workers union struck all three of the nation’s unionized automakers at once on Friday morning.
In Missouri, Michigan and Ohio, workers walked out of three automakers’ plants. The picketers were cheered on by union members waving signs.