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Sep 15, 2023
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and mary berra has seen a 34% pay increase in four years and she is making $30 million and i asked herf she believes it is fair that they are only offering 20%, when she, herself, has seen a 34% wage increase. listen. >> my compensation, 92% of it is based on the performance of the company, and one of the strong aspects of the way that the compensation for a representative employee is designed is not only are we putting a 20% increase on the table, we have profit sharing. so when the company does well, everyone does well. for the last several years that has resulted in record profit sharing for the represented employees, so you have to look at the whole compensation package. we think that we have a competitive offer on the table, and that is why we want to get back there and get this done. >> reporter: general motors recorded record profits in 2022 and the union wants a piece of that for the members. the contract negotiation centers around the fact that the union members gave up a lot in 2019 when gm was bailed out, when they filed for bankruptcy. they want to reclaim a lot of the mone
and mary berra has seen a 34% pay increase in four years and she is making $30 million and i asked herf she believes it is fair that they are only offering 20%, when she, herself, has seen a 34% wage increase. listen. >> my compensation, 92% of it is based on the performance of the company, and one of the strong aspects of the way that the compensation for a representative employee is designed is not only are we putting a 20% increase on the table, we have profit sharing. so when the...
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Sep 15, 2023
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this the exchange with mary berra a few moments ago. >> the union is asking for a wage increase of 40% over four years, and they asking that, because of the ceos like the big three are making those big pay increases over the last four years, and you have seen a 34% increase in the salary, and you are making almost $30 million and why should the workers not get the same type of pay increases that you are getting leading the company? >> 92% of my compensation is based on leading the company. the aspects of compensation for representative employees is designed not only are we putting a 20% increase on the table, but we have profit sharing. so when the company is doing well, everyone does well. and for the last several years, it has resulted in record profit sharing for the representative employees, and we need to look at the whole competitive offer on the table, and that is why we want to get this offer on the table, and get back, and get this done. >> the union is saying, they want a of the record profits, and the union saying they want to claw back system of what they had to give back i
this the exchange with mary berra a few moments ago. >> the union is asking for a wage increase of 40% over four years, and they asking that, because of the ceos like the big three are making those big pay increases over the last four years, and you have seen a 34% increase in the salary, and you are making almost $30 million and why should the workers not get the same type of pay increases that you are getting leading the company? >> 92% of my compensation is based on leading the...
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Sep 18, 2023
09/23
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. >> reporter: gm's ceo, mary berra, who made $29 million last year, cannot afford the demands. >> the initial demands were over $100 billion. >> reporter: president biden sent a team to detroit to help negotiations. he he said last week, the automaker should share the record profits. >> the union says talks with ford on saturday were productive. michigan congresswoman, debbie dingell, also on face the nation today, saying president biden should not intervene at the negotiating table. >> i think every one of us that are policymakers and other stakeholders need to understand what these issues are, what we can do to support those discussions at the table, and what we need to do coming out of these to help make a strong viable competitive industry that's employing american jobs. >> the last autoworkers strike was in 2019. it went on for more than a month. that one only targeted general motors. >>> still ahead here at 6:00, a north graveyard ransacked. what the thieves were after. >>> many people's hard work ruined by thieves looking for a couple of hundred dollars. >> hear from the man wh
. >> reporter: gm's ceo, mary berra, who made $29 million last year, cannot afford the demands. >> the initial demands were over $100 billion. >> reporter: president biden sent a team to detroit to help negotiations. he he said last week, the automaker should share the record profits. >> the union says talks with ford on saturday were productive. michigan congresswoman, debbie dingell, also on face the nation today, saying president biden should not intervene at the...
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Sep 15, 2023
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and there is concern from mary berra, the ceo of general motors, what kind of long-term ripple effect this will have, especially as the company has invested so much money into the transition to electric vehicles. she also said that she was disappointed that they did not come to a deal last night before the deadline, and she expressed frustration with the union. she says she wants to get them back to the negotiating table to get a deal done as soon as possible. take a listen to what she told me just moments ago. >> we have a very compelling offer on the table. i'm very frustrated because i think we had an offer that resonates with our people. it's a historic offer, gross wage increases of 20%, that compound to 21%, maintaining world-class health care. there are several other aspects. one thing that's most important is job security. we're in an incredibly exciting time in this industry as we make the transition from internal combustion vehicles to electric vehicles. and joemgeneral motors is well placed. we have a pipeline coming. when we look at that and how this could, you know, delay
and there is concern from mary berra, the ceo of general motors, what kind of long-term ripple effect this will have, especially as the company has invested so much money into the transition to electric vehicles. she also said that she was disappointed that they did not come to a deal last night before the deadline, and she expressed frustration with the union. she says she wants to get them back to the negotiating table to get a deal done as soon as possible. take a listen to what she told me...