Ford says UAW holding deal 'hostage' over battery plants
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- Опубликовано: 28 сен 2023
- Ford CEO Jim Farley said the UAW was holding a deal with the automaker hostage over battery plants, which threatened to put hundreds of thousands of workers out of a job until the strike ended.
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I can't not see Chris Farley doing a skit on this if he were alive.
LOL....I knew he looked familiar🤣🤣🤣
Me too haha. Especially considering his role when he worked for his dad’s company in the auto industry.
Super underrated
Tommy Boy Callahan
Even his voice
Prove that it eliminated ALL TIERS!! You said that and then showed us that you only eliminated 1 tier
He’s failing to mention that those battery plants jobs will not be union jobs as it currently is.
its a joint venture they will not own 100% of the plant
What is preventing the UAW from organizing in those plants?
Because people that choose to work there are employed under own free will@@briangasser973
Good
I work at ultium cells, and we have union representation but are not under the 'master contract', meaning we will have to make our own contract. I don't understand why we are hearing about all the great things Ford has done, instead of hearing that the wages have gone up. It's like these people are totally oblivious to the fact that the price of literally everything has gone up about 30 percent in the last 10 years. If we are going to sit around and ignore inflation, then our pay needs to go up proportionally. There's nothing there to argue about.
$85,000 for a F150
They try to blame it on the workers, in 2017 I was going to buy a fully loaded XLT for 48k, good luck finding one under 60k! Workers only seen a 3% raise in 2019 and a 3% lump sum bonus and went twelve years without a pay raise after concessions were giving in 2008. They eliminated pensions and started tier 2 where new workers started at 15.78 and had to work eight years to get to full pay doing the same work as someone making 28 dollars an hour.
@@ItsTrubleyou saw more of a raise than most people then get the fuck outta here with that cry baby shit.
Ripp offs. Way outprice vehicles.👎👎👎👎👎👎
Holy crap, no wonder a pickup costs $100,000
Because we have too pay him 29 million a year🎉
Let's look at the chart that shows how you make as much money in 1 day that I do working all year long.
Sadly, probably multiple years.
Had a uncle that worked at Pontiac lower management retired in 72'. He always treated workers good. CEO's and upper management never wanted to improve quality. Because America's will always buy America cars. If you look at the wage gap in the last 50 years all workers across America have stagnant wages. CEO's and share holders are making the money. People need to stand up and say we had enough of this $hit from CEO's, Government Politicians, they don't need to make all the money. We the people are not slaves to pay taxes and work for low wages.
LOL they aren’t slaves. They can leave anytime want. The just b market is on fire and there are tons of opportunities. It’s not the victim mentality
@@kurtheidelbach If look at the wage gap in the last 50 years. You will see workers pay in way down and the huge gap. So companies treat employees like slaves, slave labor. Also 50 to 50 years only one person had to work. Today both parents need to work. Something one parent or both parents need a part-time job. Years ago average income wage of $7000 one year could buy a $7000 house. So you do stand for working class? Do you stand for management and government taking money away from people. One day soon there will be poor and rich class of people. We need the middle class.
@@allancaspers6471 Well Duh! That has absolutely nothing to do with management and labor. Management suffers from the same economy. All management isn’t making CEO money 🤦🏻♂️. And everyone has the same opportunity. If someone is still complaining about something that happened in 2008 that’s all on them. The consumer will pay for the union pay raise LOL
@@kurtheidelbach Management get big raises and workers don't or if they 1/2%
@@allancaspers6471 Not true. The CEO pay that everyone is whining about is over 90% performance based. If they want it they can go after it just like everyone else puts in the effort to do.
35 year ford employee. No raise ( hourly rate increases) for 15 years
Bonuses are one time payments to sell bad contracts. Main sticking point for me!
Ive been saying this for years. No bonuses. I want real wages. Thry manipulate the bonus payouts anyways.
Why did you stay for 15 years if you were not getting a raise? This is all on you - you have a choice
@KODATHEDOG it's called loyalty hoss. Most people just job hop. Some have a bit of loyalty and in turn expect compensation for that.
Not to be disrespectful, but bullshit. I don't believe you haven't had an hourly increase in 15 years.
You haven't had a raise in 15 years what are those 10-15 thousand dollar bonus checks I hear about every year?
Did you offer to give back what the UAW EMPLOYEES GAVE UP when the company was on tough times, that we were led to believe would be restored in better times, didn’t happen ever. Did you offer that. NO.
Wait, so the average UAW worker makes less today then they did in 2007 or 2019… nah - that’s bs. You need to go back to whoever told you that and tell them they have you out here looking stupid.
Plus - fun quote from the Detroit free press from Feb 3, 2022;
“Ford CEO Jim Farley, along with his executive management team, will take a cut in bonus pay linked to performance goals, he told employees less than 24 hours after the 2022 earnings report was released.”
I actually remember that being fed to us.
They said it make them go bankrupt.....
Still have 2 tiers...
Pension or 401k
I remember my tax dollars going to bail out uaw in 2009 I want reimbursed
@@tommerry2814 it wasn't the unions they were bailing out. Just the corporations.
Nobody there will make close to 100k a year without working insane overtime
In pretty sure he's counting healthcare benefitw . None of the skill tradesmen make that much a year.
@@JenniferS-qo4ck he needs to stop spouting that. Average people may not know that
@@JenniferS-qo4ckahhh yes they do
maybe Big 3 should STOP stock buy backs and give that money to the worker who makes company MONEY. These people have no clue
Then the ceos won't be paid as much they won't do that
That would be illegal, I assume. As a public company, they have a legal fiduciary duty to do what is in the best interest of their shareholders as they are the owners of the company. If those shareholders come back around and sue them, then what. It's a double-edged sword, unfortunately. Damned if you do, damned if you don't. The big 3 stocks have been a joke for investors for over a decade. It's a tough sector to gain investment as an investor, and they want to change that. The only way to fix this is to make it illegal by law and to stop buybacks, but then no one would invest as more shares would lower the companies value. More of something, the less value it has. I am for the union but what they are getting from Ford is not a bad deal, raises, no more tiers, more profit sharing, better health, and the ability to strike on plant closures is not a bad deal in my opinion.
Yeah it’s hard work pressing a button
@@dhdhdhdbbthomoline8860Go build your own Raptor at a discount then🤷♂️
The GM share price is currently around the same price as when Obama reorganized the companies a decade ago. Buybacks havent done anything
My father worked at an iron plant in Michigan in the 1960s. He was a tool and die designer and designed everything from artillery shells to differential housings and just about anything else you make from iron at the time. He was a salaried employee and often got paid less than the union production workers if you count the time he put in unpaid. He died before retirement in the 1980s. HARVARD INDUSTRIES saw fit to screw his widow out of his pension. To quote my father " A car is the most overpriced thing on the planet". I for one believe him. It seems that anything that is a necessity these days is over priced 10 fold. How about Ford making a reliable reasonably priced car for all the rest of us Americans that don't make 100k a year?
your beloved father was not business minded !
he should have moved on .
@@user-fn2vp1sw1h wow. What a libertarian take. Some people can't just move on.
My Dad was a dues paying member of the Meat Cutters Union for over 40 years. He wound up with $450/month pension when he retired 1990 and my Mom got $225 after he passed. I don't know who got most of his pension but it wasn't them.
Sorry about your dad, but i would rather pay more for a car if they deserved to keep the doors open. The only problems with my dodge trucks was recalls, they fixed the recalls and sometimes they would update the car without me knowing, and i didnt have one car problem outside of that in five years. Thats why im willing to pay a little more.
DNC regulations and UAW will NEVER allow that to happen.
He mentions taking care of the middle class yet Ford has priced out most of the middle class’s ability to buy their trucks, what a freaking hypocrite!
That's a fair point car prices and especially truck prices r IN-SANE!!!;)
Yeah the trucks are Expensive but a Middle Class person can afford one. A working class person , not so much. Middle Class is a very loosely used term.
Depends on the part of the country you live in, of course your Income level, and your wealth. In cities like LA, NY Chicago this group starts at $150,000 a year.
Middle Class are the counties professionals not Fast Food workers and Supermarket Employees
@@arizonalifestylechannel2186 the middle class is shrinking.
They stopped making cars because they couldn't make a profit on them. Ford's margins are razor thin and the moment auto prices start normalizing they'll be loosing money.
Oh Yeah @@oliviayoung8040
125,000 hourly supplier workers. those jobs used to be ford UAW jobs, also added jobs started as tier 2, not the same.
Bingo
Yep
Good. Less u.a.w.
They should pay them more than the U.A.W. pays just for not having the union headache. Suppliers actually make things too. Not just assemble them
@@itsallminor6133 why don't the companies pay them more for not being Union?......oh, because they don't care about you and want to pay as little as possible..... you just made a very strong case for unions
@@RobertL.Peters i made more non-union
Just pay the people who does all the work! Greedy
Union labor has been overpaid for decades .
All in labor cost is $65 an hour for the average UAW worker. The companies are paying up along with offering a 20% raise and reducing tiers.
When was the last time a UAW member cut their own income…?
Detroit free press, Feb3, 2022: “Ford CEO Jim Farley, along with his executive management team, will take a cut in bonus pay linked to performance goals, he told employees less than 24 hours after the 2022 earnings report was released.”
He's Chris Farley's cousin, seriously. This reminds me of Callahan Brake Parts.
Ok then give BACK YOUR 40% increase in YOUR pay....You probably wouldn't even miss it...and why would you even take a pay increase when you KNOW you STILL OWED YOUR WORKERS THE THINGS THEY GAVE UP SO FORD COULD EXIST .....Had you started giving BACK on YOUR OWN then maybe you wouldn't be in such a pickle to do it NOW all at once...That's on YOU
Well said. Normal people have to save money for expenses. These idiots take taxpayer money and shower the shareholders. Oops! Forgot about paying employees. Out of hand. Pay employees or go under
As a Ford employee you can buy shares of Ford too. Right? You can reap the rewards of Ford making EVs and next generation of cars, and trucks. I’m just an ordinary guy who earned 42K a year, I got laid off my job (retired at 60, no one would hire me) and took all my 401K money (92K) and saw Tesla as a good investment. Invested the whole 92K in in Tesla stock in mid 2019. Those shares are worth over a million today. Don’t believe me, do the math on the internet. Ford is at the crossroads to do the same kind of growth as Tesla in the years to come. To all Ford UAW members, take the offer from Ford. Keep Ford from going bankrupt and invest in the company stock, buying as much as possible over the coming years. With your retirement pay and what you will earn in stock, you will do way better than I did. Your future retirement will be care free. Don’t be dumb and let this opportunity slip threw your fingers. Keep Ford alive and competitive.
Is that what this is about. 🤦🏻♂️ you probably don’t know what the leadership team did with their bonuses last year.
From The Detroit free press on Feb 3, 2022. “Ford CEO Jim Farley, along with his executive management team, will take a cut in bonus pay linked to performance goals, he told employees less than 24 hours after the 2022 earnings report was released.”
The difference is a 40% increase for the big 3 CEO pay equals 24 Million dollars. A 40% increase for 146,000 UAW workers equals 3.4 BILLION dollars. If the CEO’s worked for free that would only afford a raise of 24 cents per hour for the hourly workers. The whole CEO pay thing is a non issue in the broad scheme of things.
@@Mbalta001 actually NO. That's not exactly what this is about. This is about KEEPING YOUR WORD When some people help you through a difficult time. They have been waiting for 14 years to get back what they gave up in 2007!! But hey what a nice gesture.for them Farley and management to do that it only seems fair... so as far as the bonus pay they got for (good) performance., they STILL got it,.… but just not as much. Oh my heart is breaking. How did they ever survive. Now compare that to ALL the YEARS that ALL the hourly workers went having given up ALL that they gave up in a good faith gesture to help the company out of a difficult time. To be honest we are comparing a mole hill to a mountain. A deal is a deal.
Come to Arkansas! We'd love to have you! We have plenty of land to build.
If so, good for Ford, bad for GM and Chrysler.
So basically, what he is saying is that the contract is being held hostage because they don't want to commit these battery plants jobs, will be UAW jobs. Sounds like some BS right there.
Don't nobody want EV cars
@@BigCakes45correction people don't want Evie cars for over $80,000 30,000 yes, they'll drive the f*** out
I wouldn't pay them what they asking for either and Yes I'd eventually try and get away from the UAW so the EV factories are the chance to get away
@@stos5363 Drive them where around the city cause it's for sure not enough infrastructure for consist long distance travel
But he could lose out on two to three million dollars in his next bonus........ Can't have that now
The UAW is NOT LYING about them battery plants. STAND STRONG.
I don't think you should brag about living up to a contract you agreed to. That should be expected at a minimum. I'm not sure what should be done, but I hope they all figure it out soon.
2:15 They not only met the agreements but exceeded them. What should be done is for the union to make reasonable demands but also understand that our economy is crap right now and will be for some time. No one is buying $70K f150's but that is where its going as costs increase including labor. They already dropped cars and the maverick was the new affordable vehicle but they couldn't make enough. The strike isn't just with the big 3. Its something we will all pay for.
@spyder000069 I'm not sure about the particulars, but I work for a union. Most of the time, when the carrier goes above the minimum. It's for publicity and positive public sentiment. I do agree with you on the unrealistic ask from the union. The Maverick is a sore area for me. As I've had one order for more than a year now, with no idea of when it'll come in.
Labor to build a vehicle is around 6%
If all the uaw asked for it would still be under 10%
Ford's margins for the first six months of this year were around 4.9%. That's in an elevated price environment where they are mostly selling expensive trim levels. The moment prices normalize they'll be loosing money.
He's flat out lying on living up to past contracts. Union leadership only needs to bring up equity of sacrifice and concessions.
If you don't intend on having the battery plants in another country...put it in writing. IF those are your true intentions it shouldn't be a problem to put it in the contract. Make it make sense.
I bought a brand new Ford in the middle of COVID July 2020. They were trying to move inventory and marking down vehicles about 20% off MSRP.
The UAW helped Ford when they came close to a deal. They got lucky because I wouldn't have spared any of them until a better deal was done.
Three , two one tier sucks. After working 30 years in these factories your body is done but they cut your medical once you retire. These jobs run more than 1 a min and you steady rolling 8,9 and 10 hr a day. These jobs are not like an office job , theres no time at all but to do the job and they treat you like dirt
I look forward to hear from Fain concerning this statement from Ford.
Yes..beats the hell out our bodies..
So all jobs that include labor take a toll on our body I’ve never worked on a car line but can tell you that being in the dairy work force or the construction industry are by far more stressful than working in a factory and at know time did I make the pay or benefits that are given to the factory workers maybe you and the factory workers should step into a different job then look at how you are treated the prices of car has gone out of control people have to start working again for the country again not just for the money
@@rickdunn7585in the dairy industry you can step aside and grab a drink. You can use the bathroom. An assembly line does not stop running and you never once stop walking. You’re out of your league
@@rickdunn7585 maybe those dairy farms need to unionize and fight for fair wages. Look to auto works as an example of fighting for your worth not just taking the scraps they let you have. Auto industry is making record profits. A rising tide is meant to rise all ships. Not just the billionaires yachts.
@@rickdunn7585 .... If you never worked in an auto factory then how do you know dairy is harder ? The workers saved the auto comapnies by giving back they are now asking for what they gave away. Stick to dairy work you know nothing about auto work.
If I were ford, I wouldn't feel comfortable building any new plant in the USA with the UAW hostage tactics.
Mr. Fawley..do like Lee Iacocca did for the Company..Take $1.00 pay
Working around the clock? Uaw gave their demands in July and they all waited last minute. What a joke
Giving your demands is not negotiating. That involves being present to give and take. I havent seen that from the UAW yet.
What a dumb and uneducated comment from someone who has no idea what’s going on beyond what another person who has no idea of what’s going on told them.
Let's see if this CEO is worth 400 times the plant workers sweating on the assembly lines everyday.
UAW is living in a dream. It is killing the golden goose
If any if these companies leave the US, the US needs to treat them as foreign auto makers and show them no loyalty.
You joking? We are trying to lower tarriffs and import costs. American should be able to buy any car they want from anywhere they want. And if imported cars drop 20% in price the domestics will have to drop prices. Mostly, its freedom. Want to buy a car from another country? You should have the right to do so. It's YOUR CAR
Please don't hire private security and kill strikers this time.
It's interesting 60 bucks an hour is 5 times the average hourly rate in the USA. I really feel bad for the UAW workers that have the best pay in the US. What about the rest of us trying to buy those vehicles, that are now out of most Americans price range. Banks are going to have to offer 10 to 15 yr loans on vehicles. And the banks will have to drop their interest rates below 20 percent, like they are doing now. 8 to 15,000 dollars in interest is outrageous for banks to steal from normal Americans, the ones that can afford 1100.00 dollars a month for a car payment, are very few
As soon as layoff's happen you will send regular worker's to battery plants all over the country making less let's get real
layoffs coming no matter what sadly
Better employee discount on vehicles we build
Thank god most people don’t believe this guys nonsense. These billionaires are destroying the middle class. Stay strong U.A.W.
Resentment over rich people is no way to decide what will help society. Grow up!
Most people don’t line with theses lazy ass uaw workers
@@juliahello6673tonight i will fully satisfy your mother
Remember when American taxpayers had to bail out Chrysler and GM because they could not afford the absurd and obscene pensions extorted out of them by the unions? I remember because I'm a taxpayer so I had to pay for that... I have zero interest in doing that again. These UAW people are selfish and incredibly unrealistic to a point that it's just absolutely pathetic. These people aren't slaves, they can go get a job anywhere else in the world. Go and do that quit being pathetic and demanding that someone pays you more. That's not how society works it's just gross.
@@juliahello6673not resentment. Class war. We’ve been asleep getting killed by a thousand tiny cuts. Now we are awake and hungry to eat the parasite rich.
Toyota, Hyundai, VW, Nissan and Honda are loving it. Brillant!
I bet they do, all the raises and increased benefits they will get from after this contract is passed.
...Tesla is loving this too, especially Elon Musk. But, Tesla should be next to unionize. The workers have made several attempts. They're not happy with the working conditions. Yet the big 3 are stumbling over themselves to compete with Tesla. This current battle will win for the UAW, but the war is far over.
Go get them UAW! See you all at the unemployment line where everyone is the same and no seniority perks.
A million dollars is 11 days. A billion is 32 years. Let that sink in.
Union and non union labor cost is less than 5% of total vehicle cost to make. Average profit margin has been reported as around 10% . thats if you believe corporate accounting, which we know lies to prevent paying taxes.
Then they only did 5% of the work.
profit margin is actually around 2% at ford
@@jobe8764 don"t be an idiot
@@jobe8764 workers are the only ones producing the damn product. The ceos do shit.
@@jobe8764who does the other 95% dummy?
This strike will facilitate faster transition to ev because suppliers need to survive and will move quickly to stay afloat.
Yeah because that doesnt require massive investment lol
I don’t believe a word this guy says and he hasn’t mentioned his salary raises
Y’all hear that?!? The sound of the tiniest violin playing the saddest song for these crying crocodiles
Look at the little piggy squeel. Meanwhile, his employees would have to work 500 years to make his salary of a single year, but sure, they have it so tough. Take a pay cut dude, y'all can definitely afford it. honestly, the uaw should be fighting for a 400% wage increase and 100% company paid healthcare, and the company would still make $11 billion in profits and theres only 104 people to split it between
Exactly mfs act like they down to they last $5 smfh 🤦🏾♂️
Exactly mfs act like they down to they last $5 smfh 🤦🏾♂️
Its a big mistake thinking EVs will be popular enough to gamble a large amount of investment while not offering a selection of simple 4 cylinder small displacement vehicles with efficient automatic transmissions that can be in the market for under 17k dollars. No one wants a CVT while failures like Nissan and others champion the junk coming out of JATCO, Many don't want hybrids or other potentially high maintenance vehicles that potentially might cost an already budget strained employee working an hourly wage job in Florida. The garbage coming out of Hyundai is a crap shoot getting to 100k miles. Florida is the largest population in the country with no mass transportation. People really need to depend on their vehicle while they will exceed 200 thousand miles in the 7-8 years while it most likely will be financed. Not everyone can afford the arrogance coming out of Toyota these days. Nothing they make is less than 30,000 dollars. Most everyone has taken their smallest vehicle out of the market deciding they displace sales of larger vehicles in their line up. The Chevy Spark or the Mitsubishi Mirage should have never been sold in America, They are simply not robust enough for the American roads. Looking at all my past vehicles the 1984 Mazda B2000 was simple dependable and cheap. It wasn't fancy or filled with gadgets just cheap to own and drive. A simple SUV with practicality in mind when the CEOs decide they actually care about customers. Owning a Suzuki Samuai was also a rewarding and inexpensive experience. Driving it as a second vehicle i never thought twice about a week long road trip even after 150,000 miles on the clock. Am i going to take my Chevy Spark on a week long road trip at 150.000 miles? No. I'm pretty sure it will be in the junk yard by then. But that is what makes Mary a rich girl, selling junk to people that have no mechanical smarts. And Yes, There's a lot of caviot's in the ownership of a Chevrolet Spark. Especially when dealers refuse to service them in accordance with the owners manual. There's a lot of room for simple quality as the coming economic years might have Americans thinking like Europeans In their affordability and most probably abandoning the luxury of once driving whatever we wanted as Americans to now wanting a roof over our heads and something on the table to eat.. The desire to spend 40,000 dollars on transportation may be dwindling, electric or not. Most working in theme parks and hotels probably know and trust what an oil change cost but are not gambling on the cost of batteries for a ( Testicle ) Tesla. Did I say that. Gee, Sorry...
17 years without a raise
wow...
SHUT UP AND PAY THE WORKER AND GIVE THEM THERE RETIREMENTS BACK ALONG WITH OTHER CONCESSIONS THEY GAVE UP AND QUIT TRY TO PIT US AGAINST EACH OTHER IT ANT WORKIN WE STANDING TOGETHER.!!!!!!
@jimmiegriffins3148 6 figures for them is pretty good 😂😂 also try 401K
Open plants in Mexico
*Their, *Ain't.
@@ANTAGONIST1776only way to make 6 figures is work 12 hours a day 6-7 days a week
@@ANTAGONIST1776 six figures? who told you that? I work at an assembly plant. There might be 60-70 high seniority jobs per shift that make over that out of 4500 people... average worker probably makes 50-70k.
EDIT: I will give you the edge of the 401k because I've been taking full advantage of the match and loading it full, but that's me not your average employee. Also Mexico can barely get workers to show up just like here in the USA post covid.
go back to 2007, then tell the real story, we arent buying your bull
@3:08 If he recognized that the record inflation was a big issue "a long time ago" then answer me why Ford's first offer(sept 1, 2023) was a wage increase of 9% over 4 years? He knows that the workers got hit with 20.5% inflation since 2019 and a modest estimate of inflation over the next 4 years was at least 10%, So workers will be 30.5% behind where they were in 2018, yet they were only offering a third of that when the CEO's pay was increased over 30% since 2019 and would likely raise another 30% before 2027.
If they had come in with a legit offer from the start, then the UAW never would have gone on strike in the first place
TL:DR;
Farley: "The future of Ford is EVs. Also, we dont want to unionize those plants. Mk, thanks."
If the UAW thugs get a 40% increase and a 32 hour work week I will never buy a Ford again.
No one wins in this battle. Ford and GM will eventually go out of business in this decade. Everyone will lose. Mark this comment.
Ford CEO is crying. You make 20 millions and UAW can't effort to buy grocery and foods
Yet most UAW strikers exiting the plants drove new F150s, Ram Pickups, and Tahoes…
@@DD-dj4jrYou are completely misguided. Those are the engineers and paperwork pushers. Not the actual UAW workers. Get ya facts straight.
Perhaps if you had paid a little more attention in high school (specifically English classes) you would not be an assembly line worker struggling to pay for groceries and food.
@@bruinlane Assuming that I’m a member, hunh? We know who didn’t pay attention. I’m willing to bet you assume a lot of choices over your life.
@@Detroh7 from time to time, yes.
So this is the HONEST guy................yea right............
Here comes automation and offshoring
That has been the plan for a very long time
No body wants a battery car. Make cars affordable stop losing money on those dumb projects make hybrids.
This Ford guy sounds 100% dishonest.
Start with your total compensation plan itemiz d in writing. A full itemized accounting for the members to review. Follow the money.
All lies. Shut down F-150 and F-250 truck plants. Ford will listen then.
That's why he's whining...that's probably next. Today was explorers and lincolns.😆
Are you sure its not YOU holding the deal hostage over these battery plants?
Traditional auto had its time…leave the rest of history to the new tech leaders (Tesla and BYD)
Tesla promised more mileage and cheaper EV’s some years ago. Currently they have replaced their original batteries with smaller batteries and their EV’s have gone up in price. I believe it was 60 to 90 miles less per charge with the smaller batteries. Lithium is also limited.
Ford profit margins are thin…
But you’re salary ain’t. Why doesn’t management need to be paid competitively in the market?
Americans trying to buy affordable cars held hostage by Farley and Bara. After we bailed them just over 10 years ago.
Key word “Lean” 😂😂😂😂😂. Yeah Job loss coming soon 🤦🏾♂️
Been going on for decades, nothing insightful here.
We have to do it together, but not in battery plants.
Stop the small talk and show us your pay check😂
His paychech has nothing to do with how much YOU or anyone is worth. Uaw are paid far more than any other similar qualified field. You need a high school diploma or a ged and most important you need a heartbeat to work auto assembly. Thats the same qualifications as mcdonalds. Get over yourselves lol
@@MA-yl1er Nonsense is what you speak...McDonalds workers don't come home with aching backs, aching shoulders or Carpal Tunnel ,or many of the other injuries sustained from AUTO plant work. So auto work is NOT the equivalent of working at McDonalds.
Also his paycheck is relevant because it's inconsistent with the VALUE he adds to the company. And if he is getting overpaid then everyone in his group should get( as you say), "overpaid" right ALONG with him. . And JUST because you get paid More than the next person is NOT a guarantee that EITHER of you are getting your FAIR SHARE.
@@dennisholliday2454 sure they do . Everybody that works for decades lives with pain. Your qualifications are the same as mcdonalds . You are not nurses or engineers you are assembly workers lol. Get over yourselves bahahaha
You could be replaced with walmart employees nobody would know the difference.
@@MA-yl1erwe are just assembly workers but we make more than you do 😂😂
@@MittenboyMouse no you dont lol. But i do have very rare skills and work quite hard and own my own business so i earn more than you for a reason. Oh im sorry " SKILL" . You should probably just google it.
Management speaking facts ? Oh thats a good one 😂😂😅😅😅
I love the poopy face thumbnail. He looks sad.
Like he bout to cry 😭 😂😂
How hard is it to put union made on our battery plants? Without union wages and protection why would Americans want to build them?
Hi everyone, I'm a multi millionaire who's people I lead screwed up these negotiations and now I have to come out and act like it's not their fault at all.
Wow Vic, You are so quick witted and I lack the intelligence and the drive to reply. Foxtrot Oscar Vic, Foxtrot Oscar
How much does the average UAW worker make?
Top rate is $32
Not enough.
@@warrenranstrom4462
Yes, top pay that takes around 8 years to achieve. The majority of us are nowhere close to that.
Since it isnt a big deal......why dont Ford compromise on that issue?
They don't want the union working in battery plants.
I dont blame them.
The battery plant that's coming to TN was slated for UAW around 28 an hour I think. Pretty sure last I checked they cut that out and guess what pay is now going to be 18-22 an hour. Unbelievable honestly.
@@ImaITmanare they allowing Americans to work in the factory..
@@ImaITman thats fair. Its not like they need highly educated workers . No need for college to do factory work.
@@MA-yl1erno need for a worthless piece of paper to go into debt for
Is he reading?
Yes, and also trying to squeeze a few tears out.
Look like it to me. George bush lookin mf cant even read it right. Peep him go off script? 😂😂😂
Record contact? Is there a pension, Healthcare after retirement and cola in that offer? No! OK thanks
Hold on, CEOs pay is through the roof and the burden is on the workers - who make peanuts - to keep a profitable company afloat? If the CEOs paid themselves less money - even a couple million less - and gave the workers the raise they deserve, this would not be happening. A multi millionaire crying about not having enough money 😂😂😂😂😂 what a joke
Mr Farley I think you should come and talk to me at cleveland engine plant so you can understand my life here working hard as I do and understanding about my living situation
Jim Farley has such class. Smart man. Backs his workers up. I
Time to step it up against Ford and GM
Isn't Fordgetting government money to build the battery plants? They want to pay low wages at these plants?
The big 3 have been ramping up production of "global cars" for awhile now. He's not wrong about the direction the auto industry is/has been going. Besides, I'm pretty sure most Americans cant afford to buy a brand new car nowadays as it is.
The push back against the Billions of Dollars spent on Corporate Stock buy backs has begun! Keep it up UAW!
There haven't been any buybacks at Ford, they can't afford it.
Give them what they want and move on!! They deserve it!! And start making vehicles again......
Never put 2 and 2 together to realize that Jim Farley is cousins with Chris Farley. After watching this video it's obvious.
I was waiting for Patrick Swayze to walk in lol
Big Tom Calahan would've given cola raises and kept pensions.
Strong profit sharing checks 😭😭
We see your profits and your compensation. Use those to pay UAW workers what they’re due.
That's not how liberal economics works. Workers are paid based on supply and demand. What is the supply of workers who can do this task and what is the demand for this task to be done. None of these union workers are skilled employees in any way shape or form. You can train people to do these jobs in a couple of months, so there's no reason to give these people pensions so these companies have to pay these people for decades. That's utterly absurd and it's the reason Chrysler and GM went bankrupt and were bailed out by the rest of the citizens of America. As a citizen of America and a taxpayer I have zero interest in paying for outrageous salaries for the workers of Chrysler Ford and GM. They don't deserve outrageous salaries more than anyone else in America and it's utterly selfish and absurd that they think they do.
You conveniently leave out the concessions the UAW gave after the 2008 crash. You also leave out the record profits Ford has been experiencing since then.
Your comments on workers being “unskilled” and not worth the income shows you have never worked the line.
his 20M salary will not make a difference and the profits are back work looking during record demand due to covid
@@mattsch21before you call them unskilled, go do their job. When you do that, then you can gripe.
What a dumb and uneducated comment. Ugh - the crap people are willing to echo.
Is going to EV a good business decision? This going to break the industry.
Lets do this again.. 🎉😘
"136 days in 1969-1970
The longest GM strike took place in Flint. More than 2,000 workers went on strike over production standards at the Fisher Body 2 plant starting on September 29, 1969.
A deal wasn't reached until February of the following year. A month after an agreement, every employee at the factory was laid off when GM announced the site would be turned over to Chevrolet."
20 percent doesn't even cover cola or what you took from us in 2008
They are going to hold out until their strike fund is out, plain and simple. When thats low enough, the last offer will magically be "good enough".
I feel feathers for the likes of Farley and Barra, they've had it coming! For much too long they've been sitting pretty whilst exploiting their work force in order to line their own pockets! They've never cared about their employees and never will!
EV factories on HOLD in MI heard a lawsuit was filed
You heard it first here folks. O'Briben to send some of the 500K Venezuelan's to fill jobs unions are on strike for.
Ford I hope you survive.
But I will not buy a UAW Vehicle. Too expensive.
Hey Farley why is Toyota and Honda kicking your ass? You guys have not figured that out in over 40 years.
I'm an investor. Look at their 10-K and their credit rating. There are no record profits. Their credit rating is "junk" (non-investment grade). GM is one notch above junk. Bankruptcy is a very real possibility... At first I supported Fain, but after extending the strike on Ford after their latest offer, it's clear to me that Fain is an ideologue. I feel bad for the rank and file members as they have a leader who is leading them to the unemployment line. It won't be tomorrow or even next year. First they will try cost cutting measures, then try to move plants, then finally restructure like Yellow did. Even if the UAW took this deal, it's not clear to me whether Ford will survive without massive cost cutting efforts and/or a government bailout.
No one should ever accept investment advice from you.
@@Detroh7 I'm not offering investment advice...As someone else mentioned these financial statements are public.
@@TheNewCarryTradeTaking a loss on EV’s and making up that loss with overly priced ICE’s that union workers built? Pay what’s owed to those people.
You can't argue with union bros. They believe in Santa Claus. As adults.
@@Detroh7 That I can agree with you on...They are taking large losses on EV's and trying to subsidize those losses with their ICE vehicles. The EV transition has been quite impactful to their profitability. Without that, they would be in a much better position. I'm not an EV fanboy nor do I agree with the EV mandates. Customers should be given the choice in what they want to buy.