Ford workers reject wage concessions – “the government will bail us out”.

I admire Ford’s rejection of taxpayer funds but this kind of union stupidity almost makes me hope the company follows Chrysler into the junkyard. Boeing workers struck over similar issues a year ago, delayed production of planes and saw thousands of layoffs s the result. Good.

UPDATE: similar thoughts here.

92% of factory workers for Ford (F) in Missouri have voted against concessions which would have put them in line with those of the United Auto Workers (UAW).

This was a deal that even UAW leaders had supported promoted, to no avail.

While Ford has avoided bankruptcy thus far, these workers pushing their luck and ignoring the economic realities of their employer.

3 Comments

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3 responses to “Ford workers reject wage concessions – “the government will bail us out”.

  1. Cos Cobber

    Oh well. Time to sell your Ford stock and load up on Honda, Toyota, et al.

  2. Greenwich Gal

    Actually, Ford has improved their cars and believes they can solve their own problems.

  3. Cos Cobber

    Um, yeah but over a 5 or 10 year period having a higher cost structure when selling what is basically a commodity is a company killer. Higher wages = less $ for R&D and less money for marketing. It also means a diminished ability to lower your product price in pricing wars.

    Over time this will matter. In fact, this very issue is a significant contributor to why the big three are where they are today. For the past 20 years Toyota, Honda, Nissan, et al. have paid substantially lower wages at their american factories. This allows them to spend more on making a better product and winning the game in the long run.