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Striking United Auto Workers labor union members at several plants and distribution centers owned by Ford, General Motors, and Stellantis are asking for a 40% raise over the next four years, along with other benefits, as a condition for return to work. The strikers' salary request is based on them factoring in what they gave up in concessions during the Great Recession and on a similarly large jump in CEO pay at the carmakers over the past four years.
Striking United Auto Workers labor union members at several plants and distribution centers owned by Ford, General Motors, and Stellantis are asking for a 40% raise over the next four years, along with other benefits, as a condition for return to work. The strikers' salary request is based on them factoring in what they gave up in concessions during the Great Recession and on a similarly large jump in CEO pay at the carmakers over the past four years.
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Worcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
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Why NOT? I like that the question asked about "workers"...as if to imply that the top executives are not working. Why not treat all employees the same? You compensate the top executives at a higher rate of pay, so the percentage increase should be the same. A worker making $10,000 a year with a 2% increase would get a $2000 bump and an executive making $100,000 would get $20,000 more. I would not expect a company to give everyone a $20,000 raise (and I would not expect the top executives to get a $2000 bump). Bonus, yes. raise, no. Amazing how, when pay cuts are announced, they never mention a cut for the top executives. When times are good, everyone should benefit. When times are bad, and a company needs to save money...try laying off the top executives. I would think for each one of them, you could save 3 or more "worker" salaries.