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(Bloomberg) — Ford Motor Co. executive chairman Bill Ford said the company is considering a health-care co-op, an issue the United Auto Workers union has raised in negotiations on a new contract.
“We’re discussing it and we’ll see where it goes,” Ford said of a co-op, which could pool care for about 295,000 union and nonunion workers. “There are always issues and it’s early days, but I feel great.”
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Labor unions are slowly but steadily growing in the banking industry, with Wells Fargo employees marking recent victories to continue the trend.
Unionized workers in the US saw record raises, while nonunion workers' pay barely beat inflation over the past 12 months.
Pay raises, along with shortened progression time for production associates at Honda's U.S. facilities are coming in the wake of the strike.
The United Auto Workers expanded its strike on Detroit's automakers for the second time.
United Auto Workers members who were hired prior to the 2008 financial crisis have pensions, those brought on since have received 401(k) plans instead.
