STLA - Ford CEO Sick Of UAW President Coverage: 'Been On The TV More Than Jake At State Farm' | Benzinga
The UAW strike enters day 18 with no end in sight, as more automotive factory workers join the picket lines. Ford Motor Company (NYSE: F) CEO Jim Farley is among the executives pushing back against the UAW demands.
In a recent interview, Farley used a unique comparison to illustrate how much attention the president of the UAW is getting.
What Happened: Contract negotiations between the United Auto Workers (UAW) and Big Three Detroit automakers, which includes Ford, General Motors Company (NYSE: GM) and Stellantis (NYSE: STLA), reached a point of no return 18 days ago.
The UAW is fighting for a pay raise, shorter work week, better retirement benefits and other items in the contract renewal negotiations. With a contract not reached 18 days ago, UAW workers are striking at several automotive facilities.
Farley discussed his frustration with the ongoing dispute and shared news that the company’s Chicago Assembly factory was among the latest locations targeted by the UAW for strikes, as reported by the Detroit Free Press.
"What’s really frustrating is that I believe we would’ve reached a compromise on pay and benefits, but so far ...