Ford has made a new offer to the UAW in its latest effort to reach a tentative agreement on a new master labour agreement good until 30 April, 2028.
It has received two counter offers from the UAW.
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Ford claimed its latest offer would provide its 57,000 UAW represented employees with a “record contract”.
The offer includes improvements in wages and benefits, product commitments for UAW factories and job security.
Jim Farley, Ford president and CEO, said in a statement: “We’ve put an offer on the table that will be costly for the company, especially given our large American footprint and UAW workforce, but one that we believe still allows [us] to invest in the future.”
The automaker said the union had taken a hard line on battery plants but it remained open to the possibility of working with the UAW on such plants but these were multi-billion-dollar investments and must “operate at competitive and sustainable levels”.
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By GlobalData
