The president of the United Auto Workers (UAW) union says a fresh offer of a 21% pay hike from Stellantis is “definitely a no-go” as his rank-and-file have “asked for 40% pay increases” at the bargaining table.
The comments from Shawn Fain come as the UAW strike at plants owned by the Big Three automakers – Ford, General Motors and Stellantis – entered its fourth day Monday.
“We’ve asked for 40% pay increases and the reason we’ve asked for 40% pay increases is because in the last four years alone, the CEO pay went up 40%. They are already millionaires,” Fain said Sunday on CBS’ “Face the Nation.”
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