Ford Motor President and CEO Jim Farley attends the press day of the North American International Auto Show in Detroit, Michigan, U.S. September 13, 2023.
REUTERS/Rebecca Cook/File Photo Acquire Licensing RightsSept 14 (Reuters) - Ford Motor (F.N) 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."
Reporting by David Shepardsond; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.
Persons:
Jim Farley, Rebecca Cook, Farley, David Shepardsond, Jonathan Oatis
Organizations:
Ford Motor, North American, REUTERS, Ford, United Auto Workers, CNBC, UAW, Thomson
Locations:
Detroit , Michigan, U.S