UAW strike Day 4: GM threatens to send 2,000 workers home, Ford cuts 600 jobs

L4sBot@lemmy.worldmod to Technology@lemmy.world – 110 points –
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UAW strike Day 4: GM threatens to send 2,000 workers home, Ford cuts 600 jobs::undefined

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I repeat… If you make $100,000 for 40 years straight that is $4M. This dude(Ford CEO) made $21M in a single year. Ford’s share buyback program in 2022 totaled $484M. GM’a share buyback program totaled $3.4B in the past twelve months. We live in a fucked up world. Meanwhile, Ford/GM/Stellantis employees cannot afford to even buy the vehicles they make or feed themselves decent food.

GM's stock buyback program could also have afforded 24 years of employment with each person costing the company on average of 140k. I don't know what they budget per FTE on the bargaining unit, but the amount they spent on stock buybacks could've been put to compensation for 24 fucking years.

Executives and Investors should be terrified to walk in public.

As their customer, i cannot afford to buy their vehicles either.

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