The union is threatening to strike after contracts with companies that haven’t reached an agreement by 11:59 p.m. on Thursday.
. It would be the first time in the union’s 80-plus-year history that it struck all three companies at the same time.Automakers contend that they need to make huge investments to develop and build electric vehicles while still building and engineering internal combustion vehicles. They say an expensive labor agreement could saddle them with costs that would force them to raise prices above their non-union foreign competitors. And they say they have made fair proposals to the union.
“It was fully competitive with all of the UAW-negotiated settlements, sometimes after strikes, with other industrial companies. And we heard nothing,” Farley said.Fain said the final decision on which plants to strike won’t be made until Thursday night and will be announced at 10 p.m. Eastern time. If there’s no deal by the end of Thursday, union officials will not bargain on Friday and instead will join workers on picket lines, he said.
The companies rejected pay raises for retirees who haven’t receive one in over a decade, Fain said, and they are seeking concessions in annual profit-sharing checks, which often are more than $10,000. Farley, the Ford CEO, said in a statement that his company has made four “increasingly generous” offers since Aug. 29. “We still have not received any genuine counteroffer,” he said.
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