GM Sends Sixth Offer to Striking Autoworkers Union

General Motors said Thursday it has made a sixth offer to the United Auto Workers just a day after the automaker filed for a $6 billion line of credit in preparation for a prolonged labor stoppage.

The automaker's latest counteroffer comes just days after the UAW rejected its last offer and sent back a new proposal on Monday, according to The Detroit Free Press. While the company is not providing details about its proposal, a source familiar with the latest offer said there has been movement "in a few key areas."

"We can confirm that we provided a counteroffer to the UAW's most recent proposal — our sixth since the start of negotiations," a spokesperson for GM told The Messenger in a statement. "We believe we have a compelling offer that would reward our team members and allow GM to succeed and thrive into the future."

At the time, the automaker said that its now-rejected Sept. 21 offer included "historic" wage increases and job security for the striking auto workers. Of the UAW's 146,000 members employed across the Detroit Three — Ford Motor Co., GM and Stellantis — some 46,000 are employed by GM.

In past proposals, GM has offered 20% wage hikes and increased retirement benefits; the company has also agreed to the elimination of wage tiers in its pay system, according to the UAW. But the union is demanding 30% to 40% wage hikes, traditional pensions reinstating and traditional cost-of-living adjustments, alongside a variety of quality-of-life measures.

UAW President Shawn Fain has previously called GM's offer on COLA "deficient."

Since the UAW strikes began on Sept. 14, some 25,000 autoworkers have been called to strike. Currently, some workers are striking against two Ford assembly complexes, two GM assembly complexes and one Stellantis assembly plant. Additionally, all 38 parts distribution centers operated by GM and Stellantis are also being struck.

GM's Wentzville Assembly Plant in Missouri, which produces the  GMC Canyon and Chevrolet Colorado pickups and the GMC Savana and Chevrolet Express full-size vans, and GM's Lansing-Delta Township in Michigan, which makes the Chevrolet Traverse and Buick Enclave SUVs, are being struck.

The automaker has laid off more than 2,100 workers across three facilities in Indiana, Ohio and Kansas, and idled its Fairfax Assembly Plant, which makes the Cadillac XT4 SUV and Chevrolet Malibu sedan.

On Wednesday, GM claimed it has lost $200 million since the strikes began and filed for a $6 billion credit line; Ford took out a $4 billion line of credit in August. Collectively, the Detroit Three have suffered $1.12 billion in losses since the strikes began, while autoworkers have missed out on $325 million in direct wages, according to the Anderson Economic Group.