Ford exec: Union helped save us during our "darkest hour" - Ford Forums - Mustang Forum, Ford Trucks, Ford Focus and Ford Cars
Ford Forum Ford Forum

» Auto Insurance
» Featured Product
ยป Wheel & Tire Center

Go Back   Ford Forums - Mustang Forum, Ford Trucks, Ford Focus and Ford Cars > Fordforums Community > Latest Ford News and Racing News > Automotive News
Register Home Forum Active Topics Photo Gallery Auto Loans Garage Mark Forums Read Auto Escrow

FordForums.com is the premier Ford Forum on the internet. Registered Users do not see the above ads.
Reply
 
LinkBack Thread Tools Display Modes
Old 03-27-2014, 16:36   #1 (permalink)
Moderators
 
Join Date: Apr 2007
Location: Scotland
Posts: 11,066
Ford exec: Union helped save us during our "darkest hour"

By Justin King

Thursday, Mar 27th, 2014 @ 10:39 am


Ford executive chairman Bill Ford has credited United Auto Workers with helping to save the company from bankruptcy during the industry crisis of 2008 to 2010.

In an interview with CNBC, the great grandson of company founder Henry Ford suggests former UAW president Ron Gettelfinger deserves more credit for coming to the table and helping "save" the company as its competitors were forced to pursue bankruptcy protection.

The "Squawk Box" host seemed surprised by the assertion, considering the UAW has been blamed for putting companies into bankruptcy, but Ford insists it was a "two-way street."

"Over a many-year period, they were asking for more, but we're the ones who gave it," Ford noted. "But then when we got into a really tough period, I sat down with Ron and I said, 'Ron you have to help me save the Ford Motor Company' so we didn't have to go through bankruptcy, so we didn't have to get a federal bailout. And he did that."

At the time, the UAW took some of the benefits obligations onto its own books in the form of a voluntary employees' beneficiary association (VEBA) trust. The union also established profit-sharing agreements in lieu of guaranteed raises, which resulted in an average $8,800 payout for 2013.

Bill Ford also commented on the UAW's unionization attempt at Volkswagen's Tennessee plant, noting that he wasn't surprised at the results "because there's a long history of organizing that didn't go well in the South."
R.S.LOGAN is offline   Reply With Quote
Sponsored Links
Advertisement
 
Reply

  Ford Forums - Mustang Forum, Ford Trucks, Ford Focus and Ford Cars > Fordforums Community > Latest Ford News and Racing News > Automotive News



Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Powered by vBadvanced CMPS v3.2.2

All times are GMT -7. The time now is 15:15.



Powered by vBulletin® Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.6.0
Garage Plus vBulletin Plugins by Drive Thru Online, Inc.