DETROIT/WASHINGTON: A senior Ford executive said on Thursday (Oct 12) the automaker is “at the limit” of what it can spend on higher wages and benefit...
A banner depicting a Ford Super Duty pickup truck is pictured outside Ford’s Kentucky truck plant as a United Auto Workers union members pickets after going on strike in Louisville, Kentucky on Thursday. – ReuterspicA senior Ford executive said on Thursday the automaker is “at the limit” of what it can spend on higher wages and benefits for the United Auto Workers , and warned the union’s strike at the company’s most profitable factory could harm workers and slash profits.
UAW Ppresident Shawn Fain on Wednesday ordered a strike at Ford’s Kentucky Truck factory after Ford negotiators did not present a richer contract proposal. The standoff between the UAW and Ford could soon affect thousands of workers who are not among the nearly 34,000 Detroit Three workers Fain has ordered to walk off the job since Sept 15.
Fain and other UAW officials have countered that Ford, General Motors and Stellantis can afford to increase pay for UAW workers beyond the 20% to 23% they have offered, end lower wage tiers for lower seniority and temporary workers, and restore defined benefit pensions lost in 2007 if they rein in share buybacks and cut excessive executive pay.
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