UAW blasts Friday's Stellantis proposal: 'They have the money.'

Stellantis became the latest Big Three automaker to send a proposal contract to the United Auto Workers union on Friday.

The automaker outlined the proposal on Friday morning, saying it has been a "really good week at the bargaining table," and progress has been made on many issues.

This is the first economic proposal sent by Stellantis and includes wage increases of 14.5% for most represented employees spread over the course of the four year contract.

Related: TIMELINE: Big moments in the UAW contract fight with the Big 3

The breakdown of the proposed contract is below.

For most represented employees:

• Wage increases in each year of the contract totaling 14.5% with no lump sump
• Inflation protection
  
  • $6,000 one-time inflation protection payment in the first year of the contract
  • $4,500 in inflation protection payments over the final three years of the contract

For all represented employees:

• Juneteenth recognized as a paid holiday

For supplemental employees:

• Wage increase from starting rate of $15.78 per hour to $20 per hour

For in-progression employees:

• Accelerate progression timeline from eight years to six years, potentially reducing the time that employees can reach the max wage rate by 25%

Workers at Stellantis plants in metro Detroit say the deal, which remains far from what the UAW demanded, is not enough.

"I seen the proposal today on the news and I think it's trash," said Kelly Faridi who works in the Stellantis plant in Warren. "The management side needs to come up with something better and I'm hoping that we don't have to strike but what they proposed today was terrible."

Faridi serves as a team leader and operator. She says she has been working for the company for 10 years and has never seen a negotiation period quite like this.

Faridi says as the contract expiration date gets closer and the union and Big 3 remain far from a deal, a strike seems more and more probable. She says she is now hunkering down and preparing for the possibility of having to live on $500/week strike payments.

"Yeah that's going to be a struggle for everybody if you haven't prepared for it. I'm hoping we don't have to go that route but either way we're a union and we're strong in what we want and what we're asking for," said Faridi.

Friday afternoon, UAW tweeted a statement in response to the proposal, saying "They have the money. They just don't want Stellantis workers to get our fair share."

See the full tweet below:

On Thursday, General Motors presented its proposal to the UAW that included a 10% wage increase for most employees and two additional 3% lump-sum payments, plus a $6,000 one-time inflation recognition payment and $5,000 in inflation-protection bonuses over the life of the agreement.

After GM's proposal was presented, UAW President Shawn Fain called the offer "insulting."

He released this statement on X (formerly Twitter).

"After refusing to bargain in good faith for the past six weeks, only after having federal labor board charges filed against them, GM has come to the table with an insulting proposal that doesn’t come close to an equitable agreement for America’s autoworkers. GM either doesn’t care or isn’t listening when we say we need economic justice at GM by 11:59pm on September 14th. The clock is ticking. Stop wasting our members’ time. Tick tock."

Fain is expected to hold a press conference Friday at 5 p.m. to "discuss disappointing counterproposals made by Ford, General Motors and Stellantis."

The contract for the UAW ends at 11:59 p.m. on Thursday, Sept. 14 and Fain said union workers will strike any automaker who hasn't reached a deal.