Ford did not specify exactly how much money it would be pulling back from the project, but said it would be roughly equivalent to its reduction in output.
Ford said in September that it was suspending construction because of concerns that it would not be able to manufacture products at a competitive price.
Rising labor costs were also a factor in Ford’s decision to scale back its plans for the factory, Mr. Reid said.
Ford’s contract agreement with the U.A.W., which has been ratified by union members, raises the top wage for production workers by 25 percent.
members to be transferred to battery and electric-vehicle plants under construction, like the one in Marshall.
Persons:
Ford, Reid
Organizations:
United Automobile Workers
Locations:
Marshall