Major Shareholder Calls For Swift and Fair Resolution
WASHINGTON – Oct. 4, 2019 – North America’s Building Trades Unions (NABTU) published a letter sent today to Mary Barra, CEO of General Motors (GM) calling for a swift and fair resolution to the labor dispute with United Auto Workers.
The retirement plans of over 3 million NABTU skilled craft professionals collectively hold over $650 billion of our members’ deferred wages. These pension funds hold over $3.46 billion in GM shares, making them one of the automaker’s largest shareholders. In the letter to CEO Barra, NABTU President Sean McGarvey voiced concerns about the CEO’s approach to the Company’s workforce, and urged GM to quickly reach an equitable settlement.
The letter is available at: https://nabtu.org/nabtu-letter-to-gm-ceo-barra/
Press Contact: Betsy Barrett, firstname.lastname@example.org
About NABTU: North America’s Building Trades Unions is an alliance of 14 national and international unions in the building and construction industry that collectively represent over 3 million skilled craft professionals in the United States and Canada. Each year, our unions and our signatory contractor partners invest over $1 billion in private sector money to fund and operate over 1,900 apprenticeship training and education facilities across North America that produce the safest, most highly trained, and productive skilled craft workers found anywhere in the world. NABTU is dedicated to creating economic security and employment opportunities for its construction workers by safeguarding wage and benefits standards, promoting responsible private capital investments, investing in renown apprenticeship and training, and creating pathways to the middle class for women, communities of color and military veterans in the construction industry. www.nabtu.org