{"id":14299,"date":"2023-08-24T22:37:35","date_gmt":"2023-08-24T22:37:35","guid":{"rendered":"https:\/\/isafespend.com\/investing\/gm-battery-joint-venture-agrees-to-hike-ohio-workers-wages\/"},"modified":"2023-08-24T22:37:36","modified_gmt":"2023-08-24T22:37:36","slug":"gm-battery-joint-venture-agrees-to-hike-ohio-workers-wages","status":"publish","type":"post","link":"https:\/\/isafespend.com\/?p=14299","title":{"rendered":"GM battery joint venture agrees to hike Ohio workers wages"},"content":{"rendered":"
\n
\n

\u00a9 Reuters. FILE PHOTO: FILE PHOTO: The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. REUTERS\/Rebecca Cook\/File Photo<\/span>
\n<\/i>\n<\/div>\n

By David Shepardson<\/p>\n

(Reuters) -A joint venture battery plant said on Thursday it will hike the wages of workers at its Ohio plant by an average of 25% after some U.S. senators blasted the facility for paying workers as little as $16 an hour.<\/p>\n

Ultium Cells, a joint venture of General Motors (NYSE:) and LG Energy Solution, said workers must still ratify the interim wage increase that takes effect Aug. 28. <\/p>\n

“Providing this wage increase is the right thing to do for our team members,” Ultium said.<\/p>\n

Workers voted in December to join the United Auto Workers union but have not yet reached a contract. “We continue to bargain in good faith with the UAW to reach a comprehensive contract for our employees, including a final wage scale,” Ultium said.<\/p>\n

The interim wage increase will be retroactive to December 2022 and some workers will receive between $3,000 to $7,000, based on hours worked.<\/p>\n

UAW official Josh Ayers said the “interim wage increase is only the first step as we progress towards a fair and comprehensive contract.”<\/p>\n

GM, Chrysler-parent Stellantis (EPA:) and Ford Motor (NYSE:) are in negotiations to reach new labor agreements cover 146,000 workers before the current contracts expire on Sept. 14. The UAW will disclose the results of a strike authorization vote Friday.<\/p>\n

Democratic senators and the UAW have heavily criticized Ultium for paying low wages at the Ohio plant and noted some make just half as much as workers did at a nearby shuttered GM assembly plant. UAW President Shawn Fain has said it would take an entry level worker at Ultium 16 years to earn as much as GM CEO Mary Barra, who received $29 million in compensation in 2022, makes in a week.<\/p>\n

U.S. Senator Sherrod Brown, Democrat of Ohio, and other senators wrote in July it was a “national disgrace that the starting wage at any current American joint venture electric vehicle battery facility is $16 an hour,” arguing it represents “poverty-level wages” amid “extreme financial gains for the companies, executives, and investors.”<\/p>\n

In July, a group of 28 senators including Senate Majority Chuck Schumer urged automakers to include battery workers under the national labor agreements. Ultium rejected that idea.<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. FILE PHOTO: FILE PHOTO: The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. REUTERS\/Rebecca Cook\/File Photo By David Shepardson (Reuters) -A joint venture battery plant said on Thursday it will hike the wages of workers at its Ohio plant by an<\/p>\n","protected":false},"author":1,"featured_media":9499,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[32],"class_list":{"0":"post-14299","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing","8":"tag-featured"},"yoast_head":"\nGM battery joint venture agrees to hike Ohio workers wages | iSafeSpend<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. FILE PHOTO: FILE PHOTO: The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/isafespend.com\/?p=14299\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GM battery joint venture agrees to hike Ohio workers wages | iSafeSpend\" \/>\n<meta property=\"og:description\" content=\"\u00a9 Reuters. FILE PHOTO: FILE PHOTO: The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/isafespend.com\/?p=14299\" \/>\n<meta property=\"og:site_name\" content=\"iSafeSpend\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-24T22:37:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-24T22:37:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/isafespend.com\/wp-content\/uploads\/2023\/08\/LYNXNPEB8506G_L.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"541\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/isafespend.com\/?p=14299#article\",\"isPartOf\":{\"@id\":\"https:\/\/isafespend.com\/?p=14299\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/isafespend.com\/#\/schema\/person\/5b8c1c75336efaf09b163cd1eab0c9bf\"},\"headline\":\"GM battery joint venture agrees to hike Ohio workers wages\",\"datePublished\":\"2023-08-24T22:37:35+00:00\",\"dateModified\":\"2023-08-24T22:37:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/isafespend.com\/?p=14299\"},\"wordCount\":400,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/isafespend.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Investing\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/isafespend.com\/?p=14299#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/isafespend.com\/?p=14299\",\"url\":\"https:\/\/isafespend.com\/?p=14299\",\"name\":\"GM battery joint venture agrees to hike Ohio workers wages | iSafeSpend\",\"isPartOf\":{\"@id\":\"https:\/\/isafespend.com\/#website\"},\"datePublished\":\"2023-08-24T22:37:35+00:00\",\"dateModified\":\"2023-08-24T22:37:36+00:00\",\"description\":\"\u00a9 Reuters. FILE PHOTO: FILE PHOTO: The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021.\",\"breadcrumb\":{\"@id\":\"https:\/\/isafespend.com\/?p=14299#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/isafespend.com\/?p=14299\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/isafespend.com\/?p=14299#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/isafespend.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"GM battery joint venture agrees to hike Ohio workers wages\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/isafespend.com\/#website\",\"url\":\"https:\/\/isafespend.com\/\",\"name\":\"Solutions For Real\",\"description\":\"Latest Finance News and Updates\",\"publisher\":{\"@id\":\"https:\/\/isafespend.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/isafespend.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/isafespend.com\/#organization\",\"name\":\"Solutions For Real\",\"url\":\"https:\/\/isafespend.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/isafespend.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/isafespend.com\/wp-content\/uploads\/2023\/08\/sf-logo-1.png\",\"contentUrl\":\"https:\/\/isafespend.com\/wp-content\/uploads\/2023\/08\/sf-logo-1.png\",\"width\":690,\"height\":64,\"caption\":\"Solutions For Real\"},\"image\":{\"@id\":\"https:\/\/isafespend.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/isafespend.com\/#\/schema\/person\/5b8c1c75336efaf09b163cd1eab0c9bf\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/isafespend.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/isafespend.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1691264579-96x96.png\",\"contentUrl\":\"https:\/\/isafespend.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1691264579-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/isafespend.com\"],\"url\":\"https:\/\/isafespend.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"GM battery joint venture agrees to hike Ohio workers wages | iSafeSpend","description":"\u00a9 Reuters. FILE PHOTO: FILE PHOTO: The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/isafespend.com\/?p=14299","og_locale":"en_US","og_type":"article","og_title":"GM battery joint venture agrees to hike Ohio workers wages | iSafeSpend","og_description":"\u00a9 Reuters. FILE PHOTO: FILE PHOTO: The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021.","og_url":"https:\/\/isafespend.com\/?p=14299","og_site_name":"iSafeSpend","article_published_time":"2023-08-24T22:37:35+00:00","article_modified_time":"2023-08-24T22:37:36+00:00","og_image":[{"width":800,"height":541,"url":"https:\/\/isafespend.com\/wp-content\/uploads\/2023\/08\/LYNXNPEB8506G_L.jpg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/isafespend.com\/?p=14299#article","isPartOf":{"@id":"https:\/\/isafespend.com\/?p=14299"},"author":{"name":"News Room","@id":"https:\/\/isafespend.com\/#\/schema\/person\/5b8c1c75336efaf09b163cd1eab0c9bf"},"headline":"GM battery joint venture agrees to hike Ohio workers wages","datePublished":"2023-08-24T22:37:35+00:00","dateModified":"2023-08-24T22:37:36+00:00","mainEntityOfPage":{"@id":"https:\/\/isafespend.com\/?p=14299"},"wordCount":400,"commentCount":0,"publisher":{"@id":"https:\/\/isafespend.com\/#organization"},"keywords":["Featured"],"articleSection":["Investing"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/isafespend.com\/?p=14299#respond"]}]},{"@type":"WebPage","@id":"https:\/\/isafespend.com\/?p=14299","url":"https:\/\/isafespend.com\/?p=14299","name":"GM battery joint venture agrees to hike Ohio workers wages | iSafeSpend","isPartOf":{"@id":"https:\/\/isafespend.com\/#website"},"datePublished":"2023-08-24T22:37:35+00:00","dateModified":"2023-08-24T22:37:36+00:00","description":"\u00a9 Reuters. FILE PHOTO: FILE PHOTO: The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021.","breadcrumb":{"@id":"https:\/\/isafespend.com\/?p=14299#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/isafespend.com\/?p=14299"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/isafespend.com\/?p=14299#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/isafespend.com\/"},{"@type":"ListItem","position":2,"name":"GM battery joint venture agrees to hike Ohio workers wages"}]},{"@type":"WebSite","@id":"https:\/\/isafespend.com\/#website","url":"https:\/\/isafespend.com\/","name":"Solutions For Real","description":"Latest Finance News and Updates","publisher":{"@id":"https:\/\/isafespend.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/isafespend.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/isafespend.com\/#organization","name":"Solutions For Real","url":"https:\/\/isafespend.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/isafespend.com\/#\/schema\/logo\/image\/","url":"https:\/\/isafespend.com\/wp-content\/uploads\/2023\/08\/sf-logo-1.png","contentUrl":"https:\/\/isafespend.com\/wp-content\/uploads\/2023\/08\/sf-logo-1.png","width":690,"height":64,"caption":"Solutions For Real"},"image":{"@id":"https:\/\/isafespend.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/isafespend.com\/#\/schema\/person\/5b8c1c75336efaf09b163cd1eab0c9bf","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/isafespend.com\/#\/schema\/person\/image\/","url":"https:\/\/isafespend.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1691264579-96x96.png","contentUrl":"https:\/\/isafespend.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1691264579-96x96.png","caption":"News Room"},"sameAs":["https:\/\/isafespend.com"],"url":"https:\/\/isafespend.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/isafespend.com\/index.php?rest_route=\/wp\/v2\/posts\/14299","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/isafespend.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/isafespend.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/isafespend.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/isafespend.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14299"}],"version-history":[{"count":1,"href":"https:\/\/isafespend.com\/index.php?rest_route=\/wp\/v2\/posts\/14299\/revisions"}],"predecessor-version":[{"id":14300,"href":"https:\/\/isafespend.com\/index.php?rest_route=\/wp\/v2\/posts\/14299\/revisions\/14300"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/isafespend.com\/index.php?rest_route=\/wp\/v2\/media\/9499"}],"wp:attachment":[{"href":"https:\/\/isafespend.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14299"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/isafespend.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14299"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/isafespend.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14299"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}