Hyundai, Honda, and Toyota Raise Wages Following UAW's Successful Negotiations
Non-union Automakers' Wage Hikes Seen as Preemptive Move Against Potential Union Drives
- Following the United Auto Workers' (UAW) successful wage and benefit negotiations with Ford, General Motors, and Stellantis, non-union companies Hyundai, Honda, and Toyota have announced wage increases for their US factory workers.
- Hyundai plans to raise wages by 25% over the next four years, while Toyota and Honda have announced wage hikes of 9% and 11% respectively, beginning next year.
- The wage increases are seen as a preemptive move to block potential union organizing drives, as the UAW has expressed intentions to target non-union factories following its recent victories.
- UAW President Shawn Fain has encouraged non-union autoworkers to join the UAW and has referred to the non-union wage increases as the 'UAW bump.'
- Other non-union automakers with American factories, such as Subaru, Volvo, BMW, Mercedes, and Tesla, have not yet announced whether they will be offering raises of their own.