Debt Financing Nexus
No Result
View All Result
  • Login
  • Home
  • Business
  • Finance
  • Mortgage
  • Banking
  • Credit Cards
  • Investing
  • Loans
  • Saving
  • Taxes
  • More
    • Markets
    • Economy
    • Real Estate
    • Crypto
Subscribe For Alerts
  • Home
  • Business
  • Finance
  • Mortgage
  • Banking
  • Credit Cards
  • Investing
  • Loans
  • Saving
  • Taxes
  • More
    • Markets
    • Economy
    • Real Estate
    • Crypto
No Result
View All Result
Debt Financing Nexus
No Result
View All Result
Home Business

Bill Ford calls on striking union to ‘stop this now’

News Room by News Room
October 16, 2023
Reading Time: 3 mins read
0
Bill Ford calls on striking union to ‘stop this now’

Bill Ford, the executive chair of Ford Motor Company, made his first public comments since negotiations began with the United Auto Workers union and the Big Three automakers. He called on the UAW to “stop this now,” and bring an end to talks.

Ford, who has been involved in every contract negotiation with the UAW since 1982 said Monday the company is at a crossroads with the UAW and a strong manufacturing base is critical to US national security and essential to the future of US auto manufacturing.

“The UAW’s leaders have called us the enemy in these negotiations. But I will never consider our employees as enemies,” Ford said Monday at Ford’s Rogue Center in Dearborn, Michigan. “This should not be Ford versus the UAW. It should be Ford and the UAW vs. Toyota and Honda, Tesla and all the Chinese companies that want to enter our home market.”

On Wednesday, the UAW struck Ford’s most profitable plant, Kentucky Truck Plant in Louisville, after the union said Ford failed to provide a new economic offer. Ford (F) says negotiations last week centered on battery plants and retirement security, and that the company had reached its financial offer limit.

“Toyota, Honda, Tesla and others are loving this strike because they know the longer it goes on, the better it is for them. They will win and all of us will lose,” said Ford.

Ford said the company made a record offer to the UAW, and the strike against Kentucky Truck Plant harms tens of thousands of Americans including dealers, workers and suppliers. He stated any additional expanded strikes will cripple the supply chain.

“The supply base is very fragile and will start collapsing with an expanded strike,” he said.

More than 16,600 Ford employees on strike, resulting in 2,480 layoffs, the company noted.

On Friday UAW President Shawn Fain warned of future targeted strikes at any time. “We are prepared at any time to call on more locals to stand up and walk out,” Fain said in a livestream update on negotiations. He later added: “We changed the rules. Now there is only one rule — pony up.”

Read the full article here

ShareTweetSendSend

Related Posts

RSS Feed Generator, Create RSS feeds from URL
Business

RSS Feed Generator, Create RSS feeds from URL

February 21, 2025
Don’t read too much into those Black Friday and Cyber Monday spending totals
Business

Don’t read too much into those Black Friday and Cyber Monday spending totals

November 28, 2023
How the ‘Black Ceiling’ is holding some professionals and the economy back
Business

How the ‘Black Ceiling’ is holding some professionals and the economy back

November 27, 2023
Jack Ma is betting on a new food business in China
Business

Jack Ma is betting on a new food business in China

November 27, 2023
Elon Musk will meet with Israel’s president after backlash over antisemitic post
Business

Elon Musk will meet with Israel’s president after backlash over antisemitic post

November 27, 2023
China police launch probe into troubled financial conglomerate Zhongzhi
Business

China police launch probe into troubled financial conglomerate Zhongzhi

November 27, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Debt Financing Nexus

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Visit our landing page to see all features & demos.

LEARN MORE »

Recent Posts

  • Visa, Mastercard reach swipe-fee settlement: How it’ll affect your wallet
  • BlackRock’s Larry Fink says US still top destination for global investors to park money
  • Obamacare prices are set to spike – here’s why

Categories

  • Banking
  • Business
  • Credit Cards
  • Crypto
  • Economy
  • Finance
  • Investing
  • Loans
  • Markets
  • Mortgage
  • Real Estate
  • Saving
  • Taxes
  • Uncategorized
  • Privacy Policy
  • Terms of use
  • Advertise
  • Contact

© 2025 Debt Financing Nexus. All Rights Reserved.

No Result
View All Result
  • Home
  • Business
  • Finance
  • Mortgage
  • Banking
  • Credit Cards
  • Investing
  • Loans
  • Saving
  • Taxes
  • More
    • Markets
    • Economy
    • Real Estate
    • Crypto

© 2025 Debt Financing Nexus. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.