The Detroit automaker upped the ante in its battle against striking workers.
So far, those demands have proven too big of an ask. Despite thousands of striking workers disrupting production at key auto manufacturing plants, a deal is yet to be struck between workers and Ford Motor Company
The U.S. auto industry has changed a lot since then. The once embattled automakers are pocketing record profits. Workers believe it's time for them to step up by offering a record contract.The UAW's wish list includes a return to pensions for new workers that were eliminated in the Great Recession, a 32-hour workweek, and cost-of-living increases. They're also angling for pay increases of up to 40%.
EVs account for about 7% of all vehicles sold in the U.S. However, analysts believe they'll represent over one-quarter of all vehicle sales by 2026. They want a 40% pay raise *and* a 32 hour workweek. Sure way to drive GM, Ford and Chrysler bankrupt in the fast lane.UAW President Shawn Fain takes issue with that conclusion, noting that meeting worker demands would have left Ford, GM, and Stellantis with billions in profits over the past few years. In the first half of 2023, the three automakers reported about $21 billion in profit, according to Fain.
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