Ford CFO Says New UAW Labor Contract Will Raise Costs
Portfolio Pulse from Benzinga Newsdesk
Ford's CFO has announced that the new labor contract with the United Auto Workers (UAW) will increase the company's costs. The specific impact on Ford's financials has not been detailed.
July 27, 2023 | 8:40 pm
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Ford's new labor contract with UAW is expected to increase costs, potentially impacting the company's profitability.
Labor contracts can significantly impact a company's cost structure. In this case, Ford's CFO has indicated that the new contract with UAW will increase costs. While the specific impact on Ford's financials has not been detailed, increased costs can potentially reduce profitability, which may negatively impact the stock price in the short term.
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