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Modifying Ford contract ‘delicate balance’

UAW: Modifying Ford contract ‘delicate balance’

Posted Friday, Sep 25, 2009, 1:46 pm in Employee News

UAW President Ron Gettelfinger said today that though the group continues to discuss additional contract modifications with Ford Motor Co., both sides are working to maintain a good relationship, the Associated Press reported.

“It’s a delicate balance,” said Gettelfinger of Ford’s desire to make changes and UAW workers’ potential reluctance to further concessions, the news service reported.

Ford is looking to make minor contract tweaks to things such as work rules in an effort to make its latest modified contract on par with those of General Motors Co. and Chrysler Group LLC, the AP said. The companies’ hourly workers approved concessions earlier this year before the automakers entered bankruptcy protection, the news service said.

Gettelfinger said Ford is in a “unique position” because of decisions it made in recent years to leverage assets, borrow about $24 billion, hire a new chief executive and design new and improved vehicles that are in already in showrooms or expected next year, the story said. (Associated Press/Detroit Free Press)

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