The IG Metall union has canceled a ballot planned for Wednesday on the Ford plant in Saarlouis at short notice.
This was confirmed by the first representative Lars Desgranges of the German Press Agency. The works meeting, which was interrupted a week ago, is to be continued on Friday. It should be about the letter of intent (LOI) from investors. “We expect to have an LOI signed by then,” said Desgranges. The Ford works council chairman Markus Thal also assumed in a video message that “further reliable results” would be available on Friday.
A week ago, the workforce reacted with great disappointment and anger to the fact that a year after the bad news that production would end in 2025, the management was still unable to present an investor for the site and needed more time for talks. “Now things are moving,” said Thal. And this is ultimately only due to the determination of the colleagues at this meeting.
Following the meeting with the IG Metall negotiating group, the works council was given an insight into drafts of possible preliminary agreements for the first time. The evaluation and the first examination with specialists are “quite positive”. Since then, meetings and negotiations between Ford, potential investors and the state government have been taking place “without interruption around the world at any time”. “And it’s going in the right direction, it’s about more jobs for us here at the Saarlouis site,” says Thal.
In premarket trading on the NYSE, Ford shares temporarily lost 0.14 percent to $14.39.
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SAARLOUIS (dpa-AFX)
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