Offer to UAW hits ‘limit’ of Ford’s financial flexibility, executive says

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Offer to UAW hits ‘limit’ of Ford’s financial flexibility, executive says
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The day after union workers walked out at the company’s largest factory, a top Ford official said the company can’t afford to offer more without hurting future prospects.

the company can’t raise the value of its offer to the United Auto Workers and stay viable, even as the union has begun a strike against the company’s biggest manufacturing plant.“We have reached our limit,” Kumar Galhotra, Ford Blue president, said during a call with reporters to discuss the latest walkout. “We’ve actually stretched ourselves to get to this point.”

The Louisville walkout, involving about 8,700 workers at the largest factory run by Ford, escalated a strike that began almost a month ago against Ford, General Motors and Stellantis. The strike now involves about 22 percent of the UAW’s 150,000 workers at those companies.The UAW said it took the step because Ford “refused to make further movement” in contract bargaining for better wages, benefits and job security.

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