STLA - UAW's Fain Says GM's 10% Offer 'Insulting' As Contract Negotiations Break Down | Benzinga
UAW President Shawn Fain did not mince words in a Thursday pushback against General Motor Company’s (NYSE: GM) wage offer, branding it as "insulting" during tense negotiations between the United Auto Workers union and Detroit's automotive giants.
What Happened: GM's offer came as contract expirations loom, offering a ratification bonus of $5,500 for all employees, a 10% wage increase for most employees and a 20% raise to a $20/hour wage for current temporary employees.
"After refusing to bargain in good faith for the past six weeks, only after having federal labor board charges filed against them, GM has come to the table with an insulting proposal,” Fain said Thursday.
"GM either ...