UAW | United Automobile, Aerospace and Agricultural Implement Workers of America
  • About
    • UAW CONSTITUTION
    • PROCEEDINGS BOOKS
    • EXECUTIVE BOARD
    • REGIONS
    • UAW-LUCA
    • COMMUNITY SERVICE
    • SOLIDWEB
    • STRIKE FAQ
    • DUES FAQ
    • MORE INFORMATION
  • Ethics
    • ETHICAL PRACTICE CODES
    • ETHICS HOTLINE FAQ
    • ETHICS HOTLINE: 877-866-9682 
    • ETHICS ONLINE FORM
    • ETHICS REFORMS OVERVIEW / UAW ETHICS OFFICER
  • Members
    • WEINGARTEN RIGHTS CARD
    • 2023 SBC RESOLUTIONS
    • AUTO BARGAINING
      • ARAMARK
      • JONES LANG LASALLE
    • UAW WOMEN
    • STANDING COMMITTEES
      • UAW WOMEN’S COMMITTEE
      • CONSTITUTION AND BYLAWS
      • CIVIL AND HUMAN RIGHTS
      • UNION LABEL
      • CITIZENSHIP AND LEGISLATIVE (CAP)
      • EDUCATION
      • CONSUMER AFFAIRS
      • CONSERVATION AND RECREATION
      • VETERANS
      • COMMUNITY SERVICES
      • UAW WOMEN
    • RETIREES
    • IEB ELECTIONS
      • 2022 IEB Elections
      • 2023 RUN-OFF ELECTION INTERNATIONAL PRESIDENT CANDIDATE FORUM
      • 2022 INTERNATIONAL OFFICER CAMPAIGN LITERATURE (2023 RUN-OFF)
      • 2023 IEB ELECTION COUNTS
    • TALK TO US!
    • EDUCATIONAL RESOURCES
    • HEALTH & SAFETY
    • TECHNICAL OFFICE & PROFESSIONAL (TOP)
    • LOCAL UNION LOG IN
    • SOLIDARITY
    • SOLIDARY MAGAZINE OPT-IN
    • UAW CHAPLAINCY PROGRAM
  • Take Action
  • BIG 3
    • GM
    • FORD
    • STELLANTIS
  • Press
  • Organize
    • AUTOWORKERS: STAND UP!
    • NO UNION = NO RIGHTS
    • CONTACT UAW ORGANIZING
    • A WORKER HAS A RIGHT
  • News
    • MEDIA COVERAGE
  • UAW Made
    • PRODUCTS & SERVICES
  • Monitor
  • Careers
  • Contact
  • Search
  • Menu Menu
Featured, News

“INVEST IN US”: UAW Slams Stellantis for Preparing Massive Pay Day for Wall Street While Thousands of Workers are Laid Off in Michigan, Indiana, Illinois, and Beyond

Screenshot of former Stellantis CEO Carlos Tavares. The company is currently planning to award Tavares $25 million in compensation.

In a shocking move, Stellantis is preparing to spend billions of dollars on stock buybacks and dividends while autoworkers who build profitable vehicles are laid off and auto plants are underutilized across America.

At the company’s annual shareholder meeting in Amsterdam, the Stellantis Board of Directors has approved a $2.6 billion dollar dividend, while they consider an additional stock buyback of up to 10 % of the company’s stock, or $2.6 billion.

The UAW is calling on all allies of the working class to sign on to a petition demanding Stellantis invest in its workers, not just Wall Street.

“Two weeks ago, Stellantis said the sky was falling because of auto tariffs, and said they had to lay off workers, claiming they are losing money. But then all of a sudden, a miracle happened: they found billions of dollars, nearly half of last year’s profits, to pay to Wall Street!” said UAW President Shawn Fain. “This is everything that has been wrong with corporate America for decades. Instead of investing in the autoworkers and facilities that make this company run, Stellantis is putting Wall Street over Main Street. Stellantis could create thousands of good paying jobs in America in very short order by utilizing excess capacity in places like Toledo South Assembly in Ohio, Belvidere Assembly in Illinois, Mack, Warren, Trenton Engine in Michigan, and plants in Kokomo, Indiana. It’s time for Stellantis to stop looting the Rust Belt for short-sighted Wall Street jackpots. INVEST IN US!”

With $5 billion, Stellantis could reopen multiple plants, lower the price of vehicles, and regain their market share in the US auto market. Instead, the company is choosing to spend that money on Wall Street.

Some shareholders are pushing back as well on Stellantis’ $25 million payout for disgraced CEO Carlos Tavares. As part of the UAW’s Keep the Promise campaign, Tavares was ousted following his gross mismanagement of the company.

It’s time for Stellantis to get back on track building great vehicles in the US, using their unused capacity, and do right by the taxpayers, consumers, and autoworkers.

April 16, 2025
Share this entry
  • Share on Facebook
  • Share on X
  • Share on LinkedIn
  • Share by Mail
https://uaw.org/wp-content/uploads/2025/04/CarlosTavares3.png 687 1426 Justin Mayhugh https://uaw.org/wp-content/uploads/2023/11/uaw-logo-white-transparent-trademark-300x300.png Justin Mayhugh2025-04-16 14:18:542025-04-16 14:18:54“INVEST IN US”: UAW Slams Stellantis for Preparing Massive Pay Day for Wall Street While Thousands of Workers are Laid Off in Michigan, Indiana, Illinois, and Beyond
You might also like
Photo of Mercedes-Benz workers in Vance, Alabama with UAW President Shawn Fain and Region 8 Director Tim Smith.The Path to Victory for Southern Autoworkers
Photo of Daimler workers holding UAW signs that say: "United for a Strong Contract."TONIGHT: UAW President Shawn Fain & UAW Daimler Bargaining Committee to Announce Major Updates Ahead of Midnight Contract Expiration at Daimler Truck
Photo of the UAW Stellantis Bargaining Committee holding a banner that says, "Keep the Promise."UAW Escalating Campaign to Keep the Promise at Stellantis with Detroit-Area Rally and March on Thursday
Photo of Stellantis workers on the picket line during the 2023 Stand Up Strike.Over 1,000 UAW Members at Stellantis’ Warren Stamping Plant to Take Strike Authorization Vote Over Health & Safety Grievances
Local 5287 members who work at Thomas Built Buses in High Point, NC, wearing red shirts.UAW President Shawn Fain and Hundreds of Workers Kicking Off Daimler Truck Contract Talks Tuesday with Livestreamed Rally
Photo of UAW President Shawn Fain in his office at Solidarity House. Photo by the Detroit Free Press.Statement from UAW President Shawn Fain on 2024 Presidential Election

STAY UPDATED

MEMBERS, FAMILY AND FRIENDS: GET UAW ACTION UPDATES ON YOUR PHONE. TEXT “JOIN” TO 99795. SIGN UP FOR UAWIRE AND GET UAW ACTION UPDATES VIA EMAIL: Sign Up

Recent Posts

  • UNION PLUS – CAR RENTAL DISCOUNTS May 6, 2025
  • UAW Statement on Mexico’s SINTTIA Organizing Drive at GM San Luis Potosí May 1, 2025
  • UAW Applauds MI House Dems for “Putting Workers First” Bills, Urges Full Legislature to Pick a Side May 1, 2025

Solidarity Magazine

Solidarity Magazine New Member Issue 2024
UAW Logo

UAW SOLIDARITY HOUSE

8000 East Jefferson Avenue
Detroit, Michigan 48214

(313) 926-5000

Union Plus Logo

Connect

  • Press Inquiries
  • Get UAW Action Alerts – Text “JOIN” to “99795”
  • Get Email Updates

Organize

  • Non-Union Autoworkers Stand Up!
  • Want to Organize with the UAW?

Latest News

UNION PLUS – CAR RENTAL DISCOUNTS

https://uaw.org/wp-content/uploads/2025/05/CarRental_1200x675.jpg 675 1200 Roy Escandon https://uaw.org/wp-content/uploads/2023/11/uaw-logo-white-transparent-trademark-300x300.png Roy Escandon2025-05-06 08:34:242025-05-06 08:34:24UNION PLUS – CAR RENTAL DISCOUNTS

UAW Statement on Mexico’s SINTTIA Organizing Drive at GM San Luis Potosí

https://uaw.org/wp-content/uploads/2023/11/UAW-Wheel-generic-feature.jpg 576 1024 Justin Mayhugh https://uaw.org/wp-content/uploads/2023/11/uaw-logo-white-transparent-trademark-300x300.png Justin Mayhugh2025-05-01 14:28:472025-05-01 14:28:47UAW Statement on Mexico’s SINTTIA Organizing Drive at GM San Luis Potosí

UAW Applauds MI House Dems for “Putting Workers First” Bills, Urges Full Legislature to Pick a Side

https://uaw.org/wp-content/uploads/2025/05/JJewellMIDemLeg.jpg 845 1200 Justin Mayhugh https://uaw.org/wp-content/uploads/2023/11/uaw-logo-white-transparent-trademark-300x300.png Justin Mayhugh2025-05-01 12:11:492025-05-01 14:37:44UAW Applauds MI House Dems for “Putting Workers First” Bills, Urges Full Legislature to Pick a Side
People's Voice Winner Award
Webby Award Logo
© 2023 UAW - ALL RIGHTS RESERVED Privacy Policy  |  iSynergy Website Design
  • Facebook
  • X
  • Youtube
  • Vimeo
  • LinkedIn
  • Pinterest
  • Instagram
One Year Later: VW Workers Celebrate Historic Breakthrough and Look Ahead to...Photo of workers at the Volkswagen plant in Chattanooga, TN, celebrating after they voted overwhelmingly to join the UAW.Victory!Faculty and Staff at California Institute of Arts voted to unionize with the...
Scroll to top
Get Member Info

Get Member Updates

This secure form is for collecting your information for union communication purposes only.

  • Used for member verification purposes only. Numbers only. Ex: 1234
  • Numbers only. Ex: 2330