Ford acceptance indicated on pay-cut, price-cut plan

Ford Motor Company officials were expected Thursday to announce their reluctant acceptance of a United Automobile Workers proposal pairing car price cuts with union contract concessions.

Industry sources told a Detroit radio station Ford would go along with the plan if key portions of it were made permanent, which apparently conflicts with the union's stand that any concessions be considered temporary.

GM's acceptance of the proposal Tuesday put pressure on the No. 2 automaker to go along with it or risk wrecking the bargaining process.

The plan drawn up by GM chairman Roger Smith and the UAW calls for car prices to be cut according to the amount of concessions agreed to by the union.

About these ads
Sponsored Content by LockerDome

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK