A top Ford Motor Co. executive on Oct. 12 said the company had reached the limit of what it could offer the UAW economically in a new labor contract but remained hopeful it could reach an agreement that meets some of the union's priorities.
The automaker's most recent offer to the UAW includes raises totaling 23 percent for hourly employees, reinstated cost-of-living adjustments and a $21 starting wage for temporary workers. It also would get new hires to top wages in three years instead of eight.
Kumar Galhotra, president of Ford Blue, told reporters that the automaker can't improve that offer without becoming uncompetitive.
"We have reached our limit," Galhotra said. "We've actually stretched ourselves to get to this point. … We're open to moving some money around within the deal that might fit the union's needs better. But broadly speaking, from an overall cost of the deal perspective, yes, we're there."