STLA - Ford CEO Farley Calls Upon UAW To Negotiate A Deal Before Strike Deadline | Benzinga
Ford Motor Co (NYSE: F) is on the precipice of facing one of the largest strikes in its history, as CEO Jim Farley expressed frustration over the lack of counteroffers from the United Auto Workers (UAW) union ahead of the imminent strike deadline tonight at 11:59 p.m.
Farley said the automaker has been trying to be in active negotiations with the UAW for the past two weeks, and despite presenting its most recent proposal, there has been no reciprocation from the UAW.
"In 80 years, we've always been able to work through these differences... But somehow when we get to these marquee money issues, everything stops," Farley commented in a CNBC interview.
The context of the dispute draws from UAW's increasing demands, surging automaker profits versus the stagnation of worker wages.
UAW President Shawn Fain ...