UAW Criticizes Stellantis CEO in New Video
Editorial StaffThe Facts -
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- UAW criticizes Stellantis for poor management, declining profits, and rising CEO pay.
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- Stellantis has not upheld its contract with UAW, harming various stakeholders.
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- Stellantis CEO Tavares received a 56% raise despite the company's poor performance.
In a new video, the UAW highlights mismanagement at Stellantis, where sales and profits are down, yet CEO pay is skyrocketing.
Nine months into a new UAW contract, Stellantis has failed to uphold key parts of its agreement, focusing instead on the wrong priorities, hurting consumers, dealers, white-collar employees, and autoworkers.
The issue isn’t the auto market. GM and Ford are thriving, but Stellantis’ profits and sales have tanked. Meanwhile, Stellantis CEO Carlos Tavares has given himself a 56 percent raise, making him the highest-paid traditional OEM CEO globally.
“If any autoworker did as poorly as Stellantis CEO Carlos Tavares, they’d be fired,” says UAW President Shawn Fain. “Stellantis doesn’t want to invest in America.” “Stellantis is in a race to the bottom, driving up prices while cutting staff so overseas executives like Carlos Tavares can have a bigger payday. America invested in Stellantis. Workers invested in Stellantis. Consumers invested in Stellantis.”
“It’s time to end corporate greed at Stellantis. It’s time for Stellantis to invest in us. Change starts at the top.”
The video is available here, and the media is invited to use the footage.
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