Friday, September 15, 2023
Full-time employees at the Big Three make on average $18 to $32 an hour, depending on seniority - wages that haven't kept up with inflation. Temporary workers earn far less. At Stellantis, they start at $15.78 an hour and max out at $19.28 after four years. The union wants a wage increase of 36 percent over four years. The union points to high executive pay and company profits to argue that workers deserve the same generous pay increases that executives got over the life of the current contract, which was signed in 2019.
*GM Chair and CEO Mary Barra's compensation, including bonus and stock awards, grew by 34 percent between 2019 and 2022, to $29 million last year.
*Ford's CEO pay, including bonus and stock awards, grew by 21 percent over that period, to $21 million last year.
*Stellantis, headquartered in the Netherlands and formed through a 2021 merger of Fiat Chrysler and France's Peugeot SA, didn't exist when the contract began. Stellantis CEO Carlos Tavares made about $25 million last year, including long-term incentives.
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