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Ford May Receive Additional UAW Concessions

andrew.peterson
Posted June 24 2009 05:00 AM by Andrew Peterson 
Category: News

Ford May Receive Additional UAW Concessions
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It seems the United Auto Workers union is being proactive in trying to keep Ford competitive with Chrysler and GM. Automotive News reports the union has opened discussions with the Blue Oval, and may adopt an agreement similar to those forged with other automakers.

Bob King, UAW vice president, was somewhat cryptic about the discussions. “We’re always in meetings with Ford,” he said. “Are these formal negotiations? You could say yes or no.”

All signs presently point towards ‘yes,’ seeing as King also led a round of concession talks at Ford earlier this year. It’s quite possible the UAW may be willing to add a few concessions, namely cost savings and a non-strike clause, that were extended to both GM and Chrysler prior to their bankruptcy filings. Analysts suggest that although Ford achieved a savings of roughly $500 million a year through concessions achieved in March, the company may still be at a disadvantage compared to Chrysler and GM.

King insists it is still unclear if the current talks would result in a formal set of contract changes. Even if Ford and UAW officials come to terms on a revised contract, the new rules would still have to be ratified by a majority of all UAW members.

Source: Automotive News


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