President Joe Biden accused the Big Three automakers of not sharing the “record profits” they have enjoyed in recent years, urging the companies to ensure fair contracts for employees who are members of the United Auto Workers (UAW) union.
Thousands of UAW members walked off the job at Ford, General Motors, and Stellantis simultaneously for the first time in the union’s 88-year history. The union, representing about 146,000 workers, is demanding a four-year contract that consists of a 40 percent pay hike, a 32-hour work week with 40 hours of pay, the elimination of compensation tiers, and the restoration of cost-of-living adjustments (COLA) and conventional pensions.
