Ford pays dearly for labor peace with the UAW
Ford pays dearly for labor peace with the UAW
Updated October 26, 2023 at 6:48 p.m. ET
President Biden praised what he called the “historic tentative agreement” that the United Auto Workers and Ford reached Wednesday night as a testament to collective bargaining. Maybe, but the real test will be whether Ford can remain competitive, especially amid the government-mandated transition to electric vehicles.
UAW President Shawn FainThe strategy of organizing strikes in certain factories operated by the three Detroit automakers appears to be bearing fruit. The union was threatening to lay off workers at a factory that makes Ford’s highly profitable F-150 pickup when the automaker agreed to a generous deal ending a nearly six-week strike.
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