South Korean automaker Hyundai has joined Honda and Toyota in raising factory worker wages after the United Auto Workers union reached new contract agreements with Detroit automakers.
Hyundai said Monday it will raise factory worker pay 25% by 2028, matching the general wage increase won by the UAW during that period. Toyota raised factory pay 9% to 10% starting in January, while Honda said it will increase wages 11% during the same period.
Experts say the increases at least in part are aimed at thwarting UAW President Shawn Fain’s strategy of trying to organize U.S. auto plants run by foreign automakers and Tesla in order to increase the union’s bargaining power. Fain said terrified auto executives at nonunion plants are raising wages, and he called Toyota’s pay increase the UAW bump.
“UAW, that stands for ‘You Are Welcome,’” he said.
About 146,000 UAW members are voting on new contracts with General Motors, Ford and Jeep maker Stellantis that give them 25% general wage increases over the next four years and eight months. When cost of living wages are factored in, workers will get about 33% raises, with the top assembly line employee making about $42 per hour.
2024-12-26 12:022233 view
2024-12-26 11:541023 view
2024-12-26 11:152017 view
2024-12-26 10:411627 view
2024-12-26 09:511423 view
2024-12-26 09:50310 view
PORTLAND, Maine (AP) — A storm that swept up the East Coast delivered a blow to New England, packing
SPRINGFIELD, Ill. (AP) — The Abraham Lincoln Presidential Library and Museum is once again under the
Harrison Butker only spoke for 20 minutes, but the world has been talking about what he said for wee