GM CEO Mary Barra "Frustrated" About Strike: CNN

General Motors CEO Mary Barra expressed her frustration with the autoworker strike that began overnight and mentioned that her company has made a "very compelling offer" to the union, as reported by Jordan Valinsky for CNN.

Barra also pushed back against the union's claim that workers are seeking a fair pay increase similar to her recent pay increases, citing record profit-sharing levels in recent years. I Photo: Michael Buholzer, World Economic Forum Flickr

"I think we have an offer that resonates with our people," Barra told CNN's Vanessa Yurkevich. She mentioned that the offer includes pay raises of up to 21%, job security, and healthcare.

"Our team is ready to be at the table... and we need UAW leadership to get back to the table so we can resolve these issues and get people back to work."

Barra also pushed back against the union's claim that workers are seeking a fair pay increase similar to her recent pay increases, citing record profit-sharing levels in recent years.

She emphasized that the union's demands should be "realistic" and not exceed $100 billion, which is more than double GM's market capitalization.

Early on Friday, the United Auto Workers (UAW) union initiated a strike against General Motors, Ford, and Stellantis.

This marks the first time in history that the UAW has simultaneously struck all three of America's unionized automakers. Workers walked out of three plants—one from each of the Big Three automakers—in Missouri, Michigan, and Ohio.

Picketers received cheers from sign-waving union members. The UAW referred to its targeted strike at three plants as a "Stand Up Strike," which it called a strategic "new approach" to work stoppage, as reported by Chris Isidore for CNN.

WEEKLY FEATURE : Jose Mari Chan And The Christmas Anthem