I am not satisfied with the 26% salary increase.?Ford executive: the current conditions have reached the limit
Kumar Galhotra, president of Ford's traditional business, said the conditions that can currently be imposed on striking workers have reached the company's limits without compromising its existing business and its ability to invest in electric vehicles。
On October 12, local time, in the face of strike action by the United Auto Workers (UAW), Kumar Galhotra, president of Ford Motor's traditional business, said that the conditions that can be imposed on striking workers have reached the company's limits without harming its existing business and investing in electric vehicle capabilities.。
Although Galhotra did not disclose what Ford was offering to the workers, according to media reports, of the three companies in UAW strike action, Ford offered the highest pay increases of 23% -26%, while GM and Stellantis received only 20%.。In addition, Ford has pledged to provide a variety of benefits to these striking workers, including retention of platinum health insurance benefits, approval bonuses, and recovery cost of living allowances.。
Although Ford has made huge concessions on workers' pay, such terms still seem to fall short of union expectations。Last week, according to UAW chairman Shawn Fain, the union wants a guarantee of at least a 30% pay rise after the workers end their strike.。According to the news, the UAW's initial request for a 40% pay rise。
Galhotra said in a conference call with reporters, "The conditions we can give now are at Ford's limit, and if we invest more money, it will limit the cash flow we can invest in the business.。"
Just the day before, Ford and the UAW held a new round of labor talks。According to insiders, the disagreement was so great that Ford and UAW union representatives broke up shortly after the meeting - shortly after the meeting began, UAW Chairman Shawn Fain and UAW union representatives left in anger。
It is understood that the point of disagreement between the two sides is that the UAW wants Ford to raise its offer for auto workers, but Ford is only willing to adjust its offer on the basis of the current program and is reluctant to make new proposals。
In response, on Wednesday, the UAW made a big move by calling on about 8,700 Ford workers in Kentucky to participate in strike action.。It is worth noting that these workers work mainly to make Ford's SUVs and pickups, which is also one of Ford's most profitable business units - according to statistics, the factory's revenue accounts for about 16% of Ford's total revenue, every 37 seconds There is a new car rolling off the assembly line at the Kentucky plant。
Fain said in a video conference that if the companies don't come to the table to take care of the needs of their members, the UAW will respond to those actions.。
KENTUCKY WORKERS 'STRIKE MAKES FORD HARD FOR A TIME。On the day of the strike, Ford Motor said it was extremely irresponsible for the UAW to encourage Kentucky truck factory workers to strike, a decision that would have serious consequences.。Galhotra said that the size of the Kentucky truck plant is so large that a long period of downtime could cause varying degrees of downtime and layoffs at Ford's other 13 plants that produce engines, transmissions and axles, and even plants owned by the 600 suppliers that supply parts to Ford may have to lay off workers.。
In short, Galhotra said, the Kentucky truck factory workers' strike is by no means as simple as affecting the Ford family's profits alone。
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