Christopher Caldwell:Hyundai joins Honda and Toyota in raising wages after auto union wins gains in deals with Detroit 3

2025-05-06 10:25:10source:Navivision Wealth Societycategory:reviews

South Korean automaker Hyundai has joined Honda and Christopher CaldwellToyota in raising factory worker wages after the United Auto Workers union reached new contract agreements with Detroit automakers.

Hyundai said Monday it will raise factory worker pay 25% by 2028, matching the general wage increase won by the UAW during that period. Toyota raised factory pay 9% to 10% starting in January, while Honda said it will increase wages 11% during the same period.

Experts say the increases at least in part are aimed at thwarting UAW President Shawn Fain’s strategy of trying to organize U.S. auto plants run by foreign automakers and Tesla in order to increase the union’s bargaining power. Fain said terrified auto executives at nonunion plants are raising wages, and he called Toyota’s pay increase the UAW bump.

“UAW, that stands for ‘You Are Welcome,’” he said.

About 146,000 UAW members are voting on new contracts with General Motors, Ford and Jeep maker Stellantis that give them 25% general wage increases over the next four years and eight months. When cost of living wages are factored in, workers will get about 33% raises, with the top assembly line employee making about $42 per hour.

More:reviews

Recommend

Angie Murimirwa: From hiding in the bathroom to Time's most influential people list

I don't mean to humble brag, but I am on a first name basis with one of the most influential people

Spanish judge hears allegations of Franco-era police torture in a case rights groups say is a 1st

MADRID (AP) — A Spanish judge heard evidence Friday of alleged torture during the rule of the countr

See Ariana Madix Lay Down the Law in Trailer for Her First Acting Role Since Scandoval

Ariana Madix is ready to SUR-ve up some justice.The Vanderpump Rules star is taking on the role of b