Bill Ford, executive chairman of Ford, urges autoworkers to put off their strike
Bill Ford, executive chairman of Ford Motor Co., urged autoworkers to band together to end a walkout that has been ongoing for a month and is preventing the business from making future investments.
Ford stated in a rare address during contract negotiations in Dearborn, Michigan, the birthplace of the business, that high labor expenses could limit spending to create new vehicles and invest in manufacturing. «It is the very heart and soul of our business. And if we drop it, the opposition will win. American defeat. The firm founder Henry Ford’s great-grandson predicted that many jobs would be lost.
The corporation, he claimed, employs more United Auto Workers than any other company and produces the most vehicles in America, which has driven up costs in a very competitive market.
Compared to 46,000 at GM and 43,000 at Stellantis, Ford employs 57,000 UAW members. As we increased jobs here in the United States, several of our rivals relocated their operations to Mexico, said Ford.
Tens of thousands of Americans who work for Ford dealers and parts suppliers are suffering as a result of the strike at the Kentucky plant, according to Ford. According to him, the strike might potentially lead to the failure of a supply base for delicate parts. The American economy will be significantly impacted, and small communities will be completely destroyed, he said.
Ford’s general salary offer, according to the union, is up to 23% over four years, and cost-of-living raises have been brought back. Stellantis and GM were at 20%. Fain argued that none were high enough.
