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Ford Executive Chair Bill Ford calls on autoworkers to end strike, says company's future is at stake (apnews.com)

submitted 1 year ago by [email protected] to c/[email protected]

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cross-posted from: https://lemmy.world/post/6896117

Ford Motor Co. Executive Chairman Bill Ford called on autoworkers to come together to end a monthlong strike that he says could cost the company the ability to invest in the future.

In a rare speech during contract talks in the company’s hometown of Dearborn, Michigan, Ford said high labor costs could limit spending to develop new vehicles and invest in factories. “It’s the absolute lifeblood of our company. And if we lose it, we will lose to the competition. America loses. Many jobs will be lost,” said the great grandson of company founder Henry Ford.

The company, he said, builds more vehicles in America and has more United Auto Workers employees than any company, which has increased its costs in a highly competitive industry.

Ford has 57,000 UAW workers compared with 46,000 at GM and 43,000 at Stellantis. “Many of our competitors moved jobs to Mexico as we added jobs here in the U.S.,” Ford said.

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[–] [email protected] 18 points 1 year ago

That's not enough. All of the execs should do it. The execs made about $52 million in 2021. That is enough to, at the very least, give every union member $900. The $20+ billion could easily give them a larger raise.