The President of the United Auto Workers (UAW) Shawn Fain joined CNBC’s Squawk Box Wednesday morning to discuss the union’s demands as part of its ongoing contract negotiations. Fain said the UAW is asking for double-digit pay increases amid high revenue growth among the big three automakers, as well as a 40% pay increase for CEOs throughout the last four years.
The legacy big three U.S. auto manufacturers are Ford Motor Co (NYSE: F), Stellantis NV (NYSE: STLA) (formerly Chrysler) and General Motors Co (NYSE: GM). Fain said on CNBC that the UAW is seeking a pay increase of as much as 30% or higher, ...