Wages have been a major point of contention in the ongoing UAEW talks, with the union initially seeking a 40% pay increase and the automakers recently offering half a percent over the life of the next contract.
The union said the wage demand was related to the CEO’s compensation increases over the past four years. The union also pointed out that inflation has soared, and auto workers’ wages haven’t come close to keeping pace.
So what do members of the United Auto Workers do? August blog post The UAW contracted with Christine Dziczek, a policy adviser at the Federal Reserve Bank of Chicago.Make the maximum hourly wage for UAW members $32 an hour. Also, the estimated hourly labor cost for Detroit Three Auto, including benefits and bonuses for those workers, is estimated at $66 an hour this year.
Auto worker wages in the US
The Bureau of Labor Statistics put the average hourly wage for all production and non-supervisory auto workers in the United States at $27.99 an hour as of August. Hourly labor costs, including benefits and expenses, at Tesla’s non-union plants and outsourced transfers are lower than in the Detroit Three, ranging from $45 to $55 an hour. As recently reported by the Free PressThat’s the point the companies emphasize.
Not all auto workers in the Detroit Three make the $32-an-hour top rate. Temporary or additional workers make less. For example, Stellantis has proposed in one of its ongoing contract talks to raise the base salary of its additional workers by $20 per hour to $15.78 per hour, and the company said it wants them to fill gaps caused by the absence of thousands of such workers. Many more workers earn around $17 an hour, although the percentage of people in the industry making that wage is unclear because the data isn’t necessarily public.
For permanent production workers who are said to be “advancing” to higher wages, the union wants to abolish this level system in 2007. It includes a low starting salary and various benefits such as a 401(k). ) the grant of pension in lieu of pension to employees employed since then. According to Maric Masters, a labor expert and business professor at Wayne State University, the range is $18 to $32 an hour.
The company’s proposal included offers to reduce the number of years it takes these workers to reach the top pay from eight years to four. The union wants to see more workers transition to permanent status within months, rather than allowing them to remain in that role for years in some cases.
Detroit 3 CEO Compensation
And as far as CEO compensation goes – 29 million dollars for GM Mary Barra$21 million to Ford’s Jim Farley and $24.8 million to Stellantis in 2022; As the Free Press recently announced – They were not even the highest paid individuals in the companies last year.
That honor seems to go away Mike Manley, the former head of Fiat Chrysler Automobiles, pocketed $54.1 million. In the year It created Stellantis from FCA and Peugeot-maker PSA Group under a deal reached ahead of the 2021 merger. Manley will leave Stellants in November 2021 to become CEO of AutoNation.
UAU president Sean Fine is expected to pay the same amount of annual compensation as his predecessor, Ray Currie, labor experts said.
UAE constitutional provisions for salaries of executive officers are reported in the financial statement forms. Based on the 2022 LM-2 financial disclosure, Currie’s base compensation for that year was more than $219,000. Adding in bonuses and other benefits, he showed total compensation of $267,000.
A UAW spokesman would not confirm Fine’s compensation when asked by the Detroit Free Press.
This article originally appeared in the Detroit Free Press: Auto attendant pay? See the UAE CEO’s salary during the strike