1/4 Trillion

UAW leadership called out the Big Three automakers for neglecting their workers despite raking in just under a quarter of a trillion dollars in North America over the last decade. Said UAW President Shawn Fain: “The Big Three have collectively amassed so much money in North America profits over the last ten years, they could have bought every NBA team, every MLB team, and every NHL team, and they would still have 50 billion dollars left over.” “Big Three executives have lavished themselves with fat salaries while auto workers continue to live paycheck-to-paycheck, and can’t even keep up with inflation,” UAW Vice President Rich Boyer said. “Remember that the next time you hear them say ‘we are family.’ We are not family.” “Our members do the work that generates these profits,” Vice President Mike Booth noted. “The companies depend on this work to make their billions.” “How are the Big Three maintaining such strong profits?” Vice President Chuck Browning asked. “The answer is the profit margins are very high in the vehicle markets we dominate.” “We are clear about what we want,” said Secretary-Treasurer Margaret Mock. “We want to end tiers that have been eating away at our union and causing undue hardship for thousands of our members hired since 2007. We want COLA to be re-established so that our wages can keep up with inflation. We want strong job security guarantees that protect our work, families, and communities.” Big Three contracts are set to expire on September 14th.