A senior Ford executive said Thursday the automaker is 'at the limit' of what it can spend on higher wages and benefits for the United Auto Workers.
executive said Thursday the automaker is"at the limit" of what it can spend on higher wages and benefits for the"We have been very clear that we are at the limit," Kumar Galhotra, head of Ford's combustion vehicle unit, said during a conference call Thursday."We stretched to get to this point. Going further will hurt our ability to invest in the business."
Already, 13,000 workers at Ford suppliers have been furloughed because of earlier UAW walkouts at two Ford assembly plants, Ford supply chain chief Liz Door said. The shutdown of Kentucky Truck, Ford's largest factory, could push a fragile supply chain"toward collapse," she said.
White House press secretary Karine Jean-Pierre said the administration was closely monitoring the economic impact of the widening strike and still hoped both sides will reach a"win-win agreement.""This puts everybody on notice," said Sam Fiorani, vice president of global vehicle forecasting at AutoForecast Solutions."If they haven't brought anything new to the table since last week, GM and Stellantis should be worried.
Automakers have more than doubled initial wage hike offers, agreed to raise wages along with inflation and improved pay for temporary workers, but the union wants higher wages still, the abolishment of a two-tier wage system and the expansion of unions to Ford said on Thursday that it already had 13,000 layoffs at its suppliers and that 4,600 of its own workers could be laid off at other plants.
Fain and other UAW officials called a meeting with Ford at on Wednesday evening and demanded a new offer, which Ford did not have, a Ford official said.
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