Well this is an inconvenient truth for all those union-haters out there.
Though they are sometimes blamed for the financial woes at other car companies, labor unions actually helped “save” Ford Motor as competitors such as General Motors went bankrupt, Bill Ford told CNBC on Thursday.
Ford, the executive chairman of the Detroit automaker, said in an interview on CNBC’s “Squawk Box” that former UAW President Ron Gettelfinger doesn’t get enough credit for helping to shore up the books during Ford’s “darkest hour.”
“When we got into a really tough period, I sat down with Ron and I said, ‘You have to help me save the Ford Motor Company so we didn’t have to go through bankruptcy, so we didn’t have to get a federal bailout,'” Ford said. “And he did that.”
Ford credited the union with helping his company regain a foothold in the North American market. He added that the UAW helped the entire industry “get back on its feet.”
This kinda flies in the face of the popular conservative talking point that unions are just plain bad for American business.