{"id":2033541,"date":"2023-09-15T15:21:02","date_gmt":"2023-09-15T19:21:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-accuses-big-3-automakers-of-not-sharing-record-profits-amid-uaw-strike\/"},"modified":"2023-09-15T15:23:33","modified_gmt":"2023-09-15T19:23:33","slug":"biden-accuses-big-3-automakers-of-not-sharing-record-profits-amid-uaw-strike","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-accuses-big-3-automakers-of-not-sharing-record-profits-amid-uaw-strike\/","title":{"rendered":"Biden claims Big 3 automakers withhold &#8216;huge profits&#8217; during UAW strike."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbiden-accuses-big-3-automakers-of-not-sharing-record-profits-amid-uaw-strike%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2033541&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>President Biden Calls on Automakers to\u2062 Share Profits with UAW Workers<\/h2>\n<p>In a passionate speech\u200c from the White House,\u200d President Joe Biden criticized the Big \u2063Three automakers for not\u2063 fairly distributing their &#8220;record profits&#8221; and urged them to prioritize \u200dfair contracts for United Auto Workers (UAW) \u2062union \u2063members.<\/p>\n<p>The UAW, representing approximately 146,000 workers, made history by organizing simultaneous strikes at Ford, General Motors, \u2063and Stellantis. Their demands include a\u2062 40 percent pay increase, a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/california-lawmakers-propose-4-day-workweek\/\" title=\"California Lawmakers Propose 4-Day Workweek\">32-hour work week<\/a> with full\u200b pay, the \u200delimination of compensation \u2063tiers, and the restoration of cost-of-living adjustments \u2062and\u200d conventional pensions.<\/p>\n<p>President Biden emphasized that \u2064the\u200c auto companies owe their success\u2062 to the skill and \u2062sacrifices of \u200dUAW workers and called for a\u2064 more equitable distribution of\u200d profits. As \u2063a self-proclaimed pro-union president, he acknowledged the companies&#8217; \u200befforts but stressed the need for further action to ensure that record corporate profits translate into fair contracts for the UAW.<\/p>\n<p>According to Deutsche Bank \u2063analysts, accepting the UAW&#8217;s demands could <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-accuses-big-3-automakers-of-not-sharing-record-profits-amid-uaw-strike\/\" title=\"Biden claims Big 3 automakers withhold 'huge profits' during UAW strike.\">potentially reduce\u200c annual profits<\/a> by up to $2 billion\u200c for the automakers. Last year, GM reported\u2062 a profit of less than \u2064$10\u200b billion, \u200bwhile \u2062Stellantis posted\u200c a $17.9 billion\u2063 profit. Ford,\u2062 however, experienced\u2063 a\u2064 $2 billion loss.<\/p>\n<h3>Administration \u2063Officials Dispatched to \u2063Detroit<\/h3>\n<p>President\u2063 Biden announced that Acting Labor Secretary\u2063 Julie Su \u2064and White House Senior \u2064Advisor Gene Sperling would be sent to Detroit immediately to \u200daddress the situation. He urged \u2063all \u200cparties to return \u2062to the negotiating table and strive for a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/mansour-the-pilgrims-progress-honoring-our-forefathers-on-the-400th-anniversary-of-the-first-and-most-expensive-thanksgiving\/\" title=\"Mansour: The Pilgrims\u2019 Progress \u2013 Honoring Our Forefathers on the 400th Anniversary of the First (and Most Expensive) Thanksgiving\">mutually beneficial agreement<\/a>, emphasizing \u2063his respect for the workers&#8217; right\u2062 to strike as \u200cpart of the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-says-record-automaker-profits-should-be-met-with-record-uaw-contracts\/\" title=\"Biden urges 'record' UAW contracts to match 'record' automaker profits.\">collective bargaining system<\/a>.<\/p>\n<p>Highlighting a White \u200bHouse study, President\u2062 Biden cited the\u200b positive impact of unions\u200d on workers&#8217; wages \u200cand reassured UAW employees concerned about the rise\u2062 of electric \u2062vehicle manufacturing.\u2062 He\u200c mentioned\u2063 the Inflation Reduction Act, which aims\u2062 to facilitate a\u200c fair and just transition to electric vehicles.<\/p>\n<p>Former President Donald Trump, who is seeking the UAW&#8217;s endorsement for his 2024 campaign, expressed\u2063 concerns about job losses and the \u200cshift of automobile production to China. However,\u200b UAW President\u2062 Shawn Flain has refrained from endorsing either\u200d President Biden or\u200d Trump,\u2064 stating that another \u2063Trump presidency would be a &#8220;disaster&#8221; for the country.<\/p>\n<p>President Biden concluded his speech by emphasizing the importance of\u200c supporting auto workers and ensuring their livelihoods\u2063 in the \u2062middle\u2063 class.\u2064 He called for a contract that sustains them and\u200b recognizes their contribution to America&#8217;s economy.<\/p>\n<p> <\/p>\n<h2> How \u200bdoes President Biden plan to\u2064 ensure that automakers fulfill their responsibilities to UAW workers?<\/h2>\n<p><span>  Ers. He highlighted\u2063 the fact \u200bthat these companies have \u2062reached &#8220;record\u2064 profits&#8221; in\u200d recent \u200dyears, yet the UAW workers have not seen significant improvements in their wages and working conditions. President Biden called this disparity &#8220;unacceptable&#8221; and called on the\u200d automakers to share their profits with the workers.<\/p>\n<p>The President\u200b acknowledged the \u2064important role\u2063 that unions play in fighting for workers&#8217; rights and noted the UAW&#8217;s long history of advocating for fair treatment and better benefits. He praised the UAW members for their courage\u2064 in standing up to the\u200b auto companies and their commitment to fighting for their rights.<\/p>\n<p>President Biden stressed that\u2064 fair contracts are not only crucial for the well-being of\u200c the workers but also for the overall\u200d economy.\u200d He\u2063 emphasized \u2062that when workers \u200bare treated\u2063 fairly and earn a decent \u200bwage, they can contribute more to the economy and stimulate \u2064growth. He called on the automakers to recognize the \u200bvalue \u200cof their workforce and to invest in their employees \u2063by offering fair wages, benefits, and working\u2062 conditions.<\/p>\n<p>The President \u200dalso expressed his support for the demands of\u2063 the UAW, including the pay increase, shorter workweek, elimination of compensation tiers, and\u2063 the restoration\u200b of cost-of-living adjustments and traditional pensions. He\u2064 urged the automakers to consider\u2064 these demands seriously and to \u200cengage in meaningful negotiations with the union to reach a fair and mutually beneficial agreement.<\/p>\n<p>President \u200dBiden made it clear that he expects the auto companies to take immediate action and fulfill their responsibilities to their workers. He \u200bwarned that if they fail \u2063to do \u200bso,\u2064 his administration will \u200dexplore all available options to ensure that the workers are \u200btreated fairly and receive their fair share of \u2063the profits.<\/p>\n<p>In \u2064conclusion, \u200cPresident Biden&#8217;s call for automakers to share their profits with UAW \u2063workers highlights his commitment to advocating for workers&#8217; rights and fair treatment. He recognizes the important role\u200c that unions \u200bplay in \u200cfighting for workers and understands the significance of fair contracts for the well-being of both workers and the\u2062 economy.\u2062 By \u200curging the automakers\u200b to \u2062prioritize fair contracts and to invest in their workforce, President Biden is\u200c sending a\u200c strong message that he expects \u2062them to fulfill\u2064 their responsibilities \u200dand ensure that \u2064workers receive their fair share.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Joe Biden called out the Big Three automakers for withholding their &#8220;record profits&#8221; and demanded fair contracts for United Auto Workers (UAW) union members. In response, thousands of UAW members staged a synchronized walkout at Ford, General Motors, and Stellantis.<\/p>\n","protected":false},"author":278,"featured_media":2033542,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[543],"tags":[],"class_list":["post-2033541","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-epoch-times"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2033541","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/278"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2033541"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2033541\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2033542"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2033541"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2033541"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2033541"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}