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This means production workers at Ultium Cells will see an immediate pay increase of $6 to $8 an hour upon ratification and all hourly and salaried employees, including those at GM's parts ...
Employee pricing is a selling strategy launched in 2005 by the auto industry to attract customers by using the discounted prices that auto industry employees pay for new cars rather than the sticker price MSRP. The program was first offered that year by General Motors, and later followed by Ford, Chrysler, and some local dealerships.
On September 17, GM stopped providing health insurance to 55,000 union members, [7] forcing the UAW to pay for COBRA. On September 26, it was announced that GM would start to pay health insurance again to people on strike. [8] On October 16, it was announced that GM and the UAW agreed on a new labor contract that ended the month-long strike.
For younger workers, wages were cut in half from the standard $28/hour. For the first time, parts supplier employees worked alongside of GM workers on the assembly line. They made as little as $10/hour. [4] This arrangement replaced GM's previous plan to import a new subcompact vehicle from China.
In GM's filing, it also listed the 2023 total compensation of other key GM officers: President Mark Reuss : $17,966,292 up from $14,349,551 in 2022. CFO Paul Jacobson : $11,123,924, up from ...
Bernard was one of about 1,000 GM employees laid off Nov. 15. Bernard, 60, lives in Royal Oak and was laid off Nov. 15. ... tapping into anyone and everyone in your network to find a job, and ...
Amid the United Auto Workers strike in the fall of 2023, for example, NPR reported that General Motors CEO Mary Barra's 2022 salary was 362 times that of the median GM employee.
The 2007 General Motors Strike was a labor union strike that lasted three days from September 23 to September 25, 2007, organized by the United Auto Workers (UAW) union. The UAW were engaged in talks with General Motors (GM) to negotiate a new labor contract but were unable to come to an agreement before the deadline.
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