Members of the United Auto Workers union picket outdoors the Michigan Assembly Plant in Wayne, Michigan, on Sept. 26, 2023.
Matthew Hatcher | AFP | Getty Images
DETROIT – Ford Motor is “at the restrict” of what it can offer the United Auto Workers union in phrases of financial concessions, an government mentioned Thursday as contract negotiations proceed for roughly 57,000 U.S. staff.
Kumar Galhotra, president of the firm’s conventional operations, mentioned any extra prices would harm the automaker’s potential to function in the future and put money into rising areas such as electrical autos.
“We are at the restrict … We stretched to get up to now,” Galhotra mentioned Thursday throughout a media and analyst name. “Going additional will harm our potential to put money into the enterprise like we have to make investments.”
Galhotra declined to reveal how a lot the firm’s present offer to the union would value the firm.
His feedback come a day after the union unexpectedly launched a strike at the automaker’s extremely worthwhile SUV and pickup truck plant in Kentucky.
“We’re shocked by the escalation final evening,” Galhotra mentioned. “Kentucky Truck Plant is one of the most vital manufacturing crops of any type in America.”
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