Charlie Bilello
Charlie Bilello

@charliebilello

5 Tweets 2 reads Sep 20, 2023
United Auto Workers proposal:
-40% increase in hourly pay over 4 years
-Reduced 4-day, 32-hour workweek
-Faster path to top pay
-Shift back to defined benefit pensions
-Cost-of-living adjustments
-5+ weeks of vacation, more paid holidays, extended parental leave
Ford said the automaker would have lost $14.4 billion over last four years if the current demands had been in effect, instead of recording nearly $30 billion in profits.
What would this do to the price of new vehicles?
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Tom Maoli, a Ford dealership owner in New Jersey, expects to raise his prices by 20% once the strike continues for two weeks.
โ€œInventories on lots of dealerships will start drying up as they get sold and there wonโ€™t be enough cars to go around."
nypost.com

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