"The most important point of the UAW strike imo is that unions gave benefits & compensation up when the Big 3 were filing for bankruptcy protection on the promise they would be returned, when they were profitable again. They did not keep their promise. Instead, they paid themselves more." - @ded2e305 #UAW #strike https://cdn.mastdn.ca/media_attachments/files/111/075/989/370/790/892/original/8b5ba16456e53c4b.png
@b541bfe5 @ded2e305 "At the same time, the UAW agreed to $11 billion in labor cuts, twenty-one thousand layoffs, a wage freeze for workers, a tiered wage system for new workers, a no-strike agreement until 2015, and the transfer of retirees’ health care and pension benefit costs from GM to the UAW, in order to save GM $3 billion. The union is still fighting to regain the ground they lost from these concessions." https://jacobin.com/2023/09/united-auto-workers-uaw-strike-big-three-automakers-stock-buyback-shareholders