The UAW union is expected to ask for Ford to further boost wages and compensation for its workers car auto cars ⚠️
reports that Ford has a $9-an-hour labor cost gap compared to foreign car manufacturers with nonunion workers. It spends an average of $112,000 annually on wages and benefits for each hourly worker and that figure is expected to rise after negotiations with the UAW. In fact, UAW president Shawn Fain has said that he will push for significant raises and additional benefits for its members in response to the record profits enjoyed by Ford, GM, and Stellantis over recent years.
In some regards, Ford has gone above and beyond what it had agreed to when it signed its latest labor. In fact, it has created or retained 14,000 UAW jobs since 2019, some 5,600 more than it had committed to. Additionally, it has invested $1.4 billion more than it originally planned and has converted almost 14,100 temporary workers to permanent status in the past four years.Appeasing the UAW won’t be easy, however. Last month, Shawn Fain criticized a U.S. Energy Department plan to lend $9.
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