UAW members reject labor deal with Ford

885 Views 3 Replies 4 Participants Last post by 2B3LJ, Nov 3, 2009

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Discussion Starter · Nov 2, 2009

The United Auto Workers union overwhelmingly rejected additional modifications to a 2007 labor agreement with Ford Motor that would have granted the auto company concessions similar to those ratified earlier this year for rivals Chrysler and General Motors.

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IntimidatorR/T

· #2 · Nov 3, 2009

looks like Ford might be biting the bullet. :cussingargument:

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Houdini

· #3 · Nov 3, 2009

Ford is in reasonably great shape. They just reported nearly a billion dollar profit for the past quarter.
The major difference between them and GM and Chrysler is that they were a little further along in their turn-around plan, and had the foresight to borrow a boat load of cash before the banks stopped loaning money when the financial market fell in the toilet.
Their problem now is going to be trying to get any help from the union when they are seeing profits.

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2B3LJ

· #4 · Nov 3, 2009

Admin said:
Ford is in reasonably great shape. They just reported nearly a billion dollar profit for the past quarter.
The major difference between them and GM and Chrysler is that they were a little further along in their turn-around plan, and had the foresight to borrow a boat load of cash before the banks stopped loaning money when the financial market fell in the toilet.
Their problem now is going to be trying to get any help from the union when they are seeing profits.

i have to agree, cant really blame them for not wanting to take another pay cut with ford in the black like they are.

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