On June 1, 2009, General Motors filed for bankruptcy. To commemorate the 14th anniversary of that event, UAW Vice President Mike Booth issued the following statement:
“Fourteen years ago this week, General Motors filed for bankruptcy. It was a scary moment for the auto industry, for our country, and for auto workers everywhere. The federal government, the American taxpayer, and – more than anyone – the auto workers rallied to save the iconic company.
Auto workers had their wages slashed, lost their retirement security, gave up their job security, had their cost-of-living adjustments suspended. We gave up so much to save this company. And it wasn’t just UAW members who took the hit — it was our families, our communities, and the whole middle class of this great nation.
In the 14 years since that moment, GM has fully bounced back. Last year, GM ranked number 25 on the Fortune 500. In the past decade, the company has made over $100 billion dollars in profit in North America.
You know who hasn’t bounced back? The US autoworker. We still live with the two-tier wage and benefits system. We still don’t have cost-of-living adjustments in a time of historic inflation. We still suffer from plant closures and an uncertain future, even when business is booming.
We’ve waited long enough. It’s time to make whole the auto workers who sacrificed to save this industry. That’s why we’re fighting for a fair contract at GM, Ford, and Stellantis in 2023.”
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