Ford CEO Jim Farley breaks his silence on bankruptcy fears for the major automaker – and it could be costly for drivers ...Middle East

FORD has expressed concerns over bankruptcy as factory workers go on strike. The U.S. Auto Workers Union went on strike on Friday, prompting 13,000 workers to walk out on their jobs and join the picket line. ReutersFord CEO Jim Farley warned the union’s demands were too high[/caption] EPAThe UAW union is demanding a 40 percent raise in hourly salaries[/caption] The strike came after the union and auto makers couldn’t come to an agreement in contact talks. Ford CEO Jim Farley said in a CNBC interview that the UAW proposed a 40 percent increase in wages, added pension benefits, and shortening the work week. Farley said those demands would cripple the company, and that if the

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