Current:Home > MarketsGM CEO Mary Barra defends position amid UAW strike, says company put 4 offers on the table-Angel Dreamer Wealth Society D1 Reviews & Insights
GM CEO Mary Barra defends position amid UAW strike, says company put 4 offers on the table
View Date:2025-01-13 06:54:08
General Motors CEO Mary Barra defended her company's position Friday amid the United Auto Workers union strike and said 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! (15)
Related
- John Krasinski Revealed as People's Sexiest Man Alive 2024
- What to know about Thursday's Daytona Duels, the qualifying races for the 2024 Daytona 500
- Ohio woman who disappeared with 5-year-old foster son she may have harmed now faces charges
- Wyoming standoff ends over 24 hours later with authorities killing suspect in officer’s death
- Mississippi rising, Georgia falling in college football NCAA Re-Rank 1-134 after Week 11
- Angela Chao, shipping business CEO and Mitch McConnell’s sister-in-law, dies in Texas
- Will it take a high-profile athlete being shot and killed to make us care? | Opinion
- Average long-term US mortgage rate rose this week to 6.77%, highest level in 10 weeks
- AIT Community Introduce
- 2023's surprise NBA dunk contest champ reaped many rewards. But not the one he wanted most
Ranking
- Wildfire map: Thousands of acres burn near New Jersey-New York border; 1 firefighter dead
- Steph Curry vs. Sabrina Ionescu to face off in 3-point contest during NBA All-Star weekend
- Republican businessman Hovde to enter Wisconsin US Senate race against Baldwin
- Met Gala 2024 dress code, co-chairs revealed: Bad Bunny, JLo, Zendaya set to host
- Taylor Swift's Dad Scott Swift Photobombs Couples Pic With Travis Kelce
- The Best Luxury Bed Sheets That Are So Soft and Irresistible, You’ll Struggle to Get Out of Bed
- Number of American workers hitting the picket lines more than doubled last year as unions flexed
- Verdict in Donald Trump’s civil fraud trial expected Friday, capping busy week of court action
Recommendation
-
Insurance magnate pleads guilty as government describes $2B scheme
-
Kansas City mass shooting is the 50th so far this year, gun violence awareness group says
-
Ebola vaccine cuts death rates in half — even if it's given after infection
-
Detroit Pistons' Isaiah Stewart arrested for allegedly punching Phoenix Suns' Drew Eubanks before game
-
Today’s Savannah Guthrie, Al Roker and More React to Craig Melvin Replacing Hoda Kotb as Co-Anchor
-
16-year-old boy arrested in NYC subway shooting that killed 1 and wounded 5
-
A loophole got him a free New York hotel stay for five years. Then he claimed to own the building
-
Michigan school shooter’s father wants a jury from outside the community