Ford CEO Jim Farley rebuffed comments by United Auto Workers President Shawn that the company is not taking bargaining seriously.
The union has argued the companies know their demands. They include: ambitious targets of 40% hourly pay increases, a reduced 32-hour workweek, a shift back to traditional pensions, the elimination of compensation tiers and a restoration of cost-of-living adjustments, among other items.
As released Thursday by the union, Ford's most recent proposal included some of the union's demands, but not all of them. It included 20% wage increases; a"deficient" restoration of cost-of-living adjustment, reworked profit-sharing formula; 90-day progression for"temp," or supplemental, workers to become regular employees; and other benefits such as increased vacation days and two-week paid parental leave.If the UAW and companies cannot reach a deal by an 11:59 p.m.
On Tuesday, Bill Ford and I sat down with the union at the main table for a major offer. As we were walking in the room, we learned President Fain would not be attending. Nevertheless, Bill and I laid out a historically generous offer to the UAW Ford bargaining team because we listened to the UAW demands and we care about our employees. Here are the facts.
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