However, to avoid being left at a competitive disadvantage in an auto industry where consumers have many other choices, Fields urged the Big Three to push back against most non-wage demands from the UAW.Īsked by CNN’s Vanessa Yurkevich on Wednesday if the union’s demands are too ambitious, Ford’s current CEO said, “We’ll see.” He pointed to the large-scale pay hikes recently won by unions, including at UPS, American Airlines and by West Coast dockworkers. There has never been a simultaneous strike against all three major US automakers, which today make nearly half of all domestically-assembled cars.įields: UAW could win the battle but lose the warįields, who said he is not advising Ford CEO Jim Farley, told CNN the Big Three will “definitely” need to agree to pay hikes “well north” of previous increases. If no deal is reached, a strike could begin at midnight on Friday. The UAW contract with the Big Three expires at 11:59 pm ET on Thursday. The United Auto Workers union is seeking significant concessions from GM, Ford and Stellantis, initially pushing for a 40% pay hike over four years, restoring cost of living increases, bringing back traditional pension plans and restoring retiree health care coverage. “They will need to find a creative way to package a fair contract that rewards workers but do it in a way that doesn’t repeat the mistakes of the past.”įields noted that GM and Chrysler both declared bankruptcy in 2009 during the Great Recession. “The automakers can’t plead poverty,” Fields told CNN on Wednesday, noting the industry’s recent string of profitable years. Price Chopper locations and hoursįind your nearest Price Chopper store today! Get up-to-date Price Chopper store hours and locations by visiting Price Chopper here.As Detroit automakers and labor leaders scramble to hammer out a contract that will shape the future of the US auto industry, former Ford CEO Mark Fields has words of caution for both sides.įields, who led Ford between 20, is warning the Big Three (the traditional name for legacy automakers Ford, GM and Stellantis) not to cave to labor demands in a way that leaves them in a precarious financial situation and at a competitive disadvantage, even as the workers who build the cars eye their healthy profits. You’ll get unique savings and offers, coupons, and promo codes.
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