Ford Motor Chief Executive Jim Farley said Thursday the United Auto Workers union proposal to hike wages by 40%,
cut workweeks and add new pension benefits could bankrupt the company.
‘You want us to choose bankruptcy over supporting our workers,‘‘ Farley, in a CNBC interview, said of the UAW proposal.
‘‘ Farley said if the UAW proposal had been in effect since 2019,
instead of making about $30 billion in profits over four years,
the company would have lost about $15 billion ‘‘and gone bankrupt by now.
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