The UAW has released a new video accusing the Big Detroit Three automakers of failing to fulfill promises made during the 2008 financial crises, saying that workers were taken advantage of while company CEOs and wealthy investors reaped all the benefits. Clocking in at a little under three-and-a-half minutes, the video includes commentary and narration from UAW President Shawn Fain. The UAW has been on strike since the expiration of the previous labor contract on September 14th, with the labor union targeting facilities belonging to all three of the Big Detroit automakers (GM, Ford, and Stellantis).
The video, titled “Broken Promises,” describes how in 2008 the auto industry was on the brink of collapse in the midst of the Great Recession, prompting auto workers to “[sacrifice] almost everything.”
“The deal was UAW members take some short term cuts for the long-term survival of Ford, General Motors, and Chrysler,” Fain narrates. “That’s the promise we made, and that’s the promise that was broken.”
The video goes on to include statements by UAW members, stating how workers were affected in terms of wages, pensions, health care, and plant closures. The video also includes a clip of GM CEO Mary Barra being asked on CNN about her recent 34-percent pay increase, as well as a compensation package amounting to nearly $30 million last year.
“In their economy, workers live paycheck to paycheck, while Wall Street gets another stock buyback,” Fain says.
“Car prices are through the roof. CEO salaries are to the moon. Meanwhile, our standard of living has dropped like a rock,” Fain adds.
Check out the full video here:
GM has submitted a sixth proposal to the UAW in ongoing negotiations, and although gaps seemingly remain, some movement has reportedly been made. It’s estimated that 25,300 UAW workers are currently on strike among the 146,000 union members across all three of the Big Detroit makes.