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, and warned the union's strike at the company's most profitable factory could harm workers and slash profits.
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, and warned the union's strike at the company's most profitable factory could harm workers and slash profits. "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.
"Here’s to hoping talks at Stellantis today are more productive than Ford yesterday," Fain wrote on social media. Stellantis did not immediately comment. 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.
Last Friday, Fain said if needed, the UAW would strike the GM assembly plant in Arlington, Texas, that builds Cadillac Escalade, Chevy Suburban and other large, high-priced SUVs. GM's Flint, Michigan, heavy-duty truck assembly plant is another potential strike target. In a sign of the strike's expanding impact, Delta Air Lines said on Thursday it is feeling a pinch from the automotive and entertainment labor strikes. Delta President Glen Hauenstein said the UAW strike has curtailed a "significant" amount of business in Detroit.
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.
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