"UAW Strikes Back at Ford CEO's Greed Accusations Amidst Demands for Fair Compensation"

The United Auto Workers (UAW) criticized Ford CEO Jim Farley for suggesting that their demands for higher wages were greedy, comparing them unfavorably to schoolteachers and firemen. Farley argued that the UAW's demand for a 40% wage hike over a four-year contract was excessive and could lead to bankruptcy. The UAW responded by highlighting Farley's $21 million salary and accusing him of hypocrisy. The union has initiated rolling strikes at General Motors, Ford, and Stellantis, seeking to recoup lost purchasing power and a fair share of the companies' record profits. Farley's attempt to cast the UAW as greedy is seen as a strategy to win public support, a crucial factor in strike negotiations.