Don’t look now, but the General Motors strike is threatening to become a significant drag on a U.S. manufacturing economy that really doesn’t need any more baggage right now.
The strike by United Auto Workers members against General Motors seemed to be winding to a close this week, but not until after providing one of the most powerful testaments yet to an issue whose profile keeps rising: CEO pay.
The national strike that began today by 46,000 unionized auto workers at General Motors plants pits one of the most confident and accomplished car-company chiefs in CEO Mary Barra against an embattled United Auto Workers president in Gary Jones.
Mary Barra’s White House meeting with President Trump on Thursday may or may not have settled any of the issues between the two leaders, but it did underscore Barra’s growing status as the dean of American automotive executives.
President Trump continues his intense policy and communications focus on carmakers as a key to his manufacturing-job renaissance.
For auto CEOs, major transitions were taking place in 2018 that will continue to reshape the industry in 2019 and beyond.
Despite strong oppositions from President Trump, GM CEO Mary Barra’s move to streamline the automaker shows that she is a trailblazer.