So I'm not GM, but tier one. We service for everyone, none of the OEMs can operate easily without us in the automotive field. Top contender in all applications. We are that large of a player specific for electronics.
With that said, for the first time I have ever heard, we are not getting a raise this year, but we are getting bonuses. This is what was perceived to be a record year in earnings, and inflation.
So, the question remains, for GM, or other manufacturers, are you also in a similar boat? Are you getting a raise? Are we the exception?
This smells of 2008 vibes all over again. With UAW getting massive increases, electric failing across the board, we've seen this failure throughout history. Concessions are probably next for the UAW - to mimic the failures of times before.
I have it on good authority from hiring managers at the big three, that when the buyouts occurred, backfills weren't granted. Instead, they were instructed to replace high priced employees for two (2) lower costs one. The caveat to all this, was in the history of design and engineering spanning 50 or so years, they've never successfully replaced us, like they could IT. Every time an overseas counterpart learned something, they quit for a nickle raise elsewhere, and we had to train the next monkey inline. It would never bare fruit. This is the difference between building vehicles for 100 years, and the overseas ignorant that have tried within the field for less than a few years.
Anyways, are you folks getting raises this year and how much do you think?