SHARE THIS ARTICLE

Ford Motor Co. expects the cost of health insurance for its 56,000 hourly workers in the U.S. to top $1 billion for the first time next year, according to a person familiar with the situation, highlighting a growing expense for automakers even as car sales slow.

Those mounting health care costs represent a potential sticking point in this year's contract talks between the UAW and the three U.S. automakers that tried and failed four years ago to address an expanding outlay that threatens profits and jobs. At Ford, General Motors and Fiat Chrysler Automobiles, the tab for health insurance topped $2 billion in 2015 and has only grown since.



Read Article


Ford Says It Now Costs Over $17,500 A Year To Insure Each Hourly Worker

About the Author

Agent009