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Ford says it's 'reached limit' on economic offer to UAW as KTP strike fallout begins The Detroit Ne
The United Auto Workers' surprise strike at Ford Motor Co.'s Kentucky Truck Plant took down the automaker's largest and most profitable facility in the world, an escalation that is swiftly changing the dynamics of the union's nearly monthlong series of walkouts and bringing their impact squarely to Ford's bottom line.
Ford executives sought to highlight the stakes during a briefing Thursday, saying they expect as many as 4,600 workers at nine other Ford plants including five in Metro Detroit to be laid off in the coming weeks if the strike continues. Even if it is short-lived, it could take about a month to ramp production back up to normal levels, which see vehicles rolling off the lines every 37 seconds. And executives said they expect to see significant ripple effects at some 600 supplier locations that support KTP.
Kentucky Truck is such an important plant for Ford because it builds one of the automaker's most profitable products: F-Series Super Duty trucks. It also builds the Ford Expedition and Lincoln Navigator SUVs. In all, these products generate some $25 billion in sales annually for the Blue Oval roughly one-sixth of the company's total revenue.
[link:https://nordot.app/1085384008977449699?c=592622757532812385|
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Ford says it's 'reached limit' on economic offer to UAW as KTP strike fallout begins The Detroit Ne (Original Post)
justaprogressive
Oct 2023
OP
Bluethroughu
(5,185 posts)1. Shut up and pay the workers!
Cut upper management salaries because they don't know how treat the workers that produce the billions in revenue!
Enough.
Srkdqltr
(6,315 posts)2. Yes . Highly paid crybabies.
Bluethroughu
(5,185 posts)3. It's a skilled labor shortage, they best not lose these workers
To another company or field, because the regrets will not fix larger problems of training which costs time and money!
Srkdqltr
(6,315 posts)4. About 20 years ago. The auto companies laid-off thousands. They said to keep the companies
Competitive. Not long after they were begging the government for a bailout. Paying workers keeps the economy running. If the workers don't have enough they can't buy. If they can't buy others can't make money. Economy goes down and cars aren't sold. Than car companies go to the government for a bailout. Around and around it goes.