Bernie Sanders Calls For 'Fair' Agreement Amid UAW Strike Threat At GM, Ford, Stellantis: 'Cannot Have It All'
Portfolio Pulse from Benzinga Neuro
U.S. Senator Bernie Sanders has urged Ford Motor Co. (F), General Motors Co. (GM), and Stellantis NV (STLA) to engage in fair negotiations with the United Auto Workers (UAW) union to avoid a potential strike. The UAW, with nearly 150,000 members, has authorized its leaders to call a strike if contract negotiations fail to reach a conclusion by Sept. 15. The three car giants estimate that meeting all of the union's demands would cost each company more than $80 billion over a four-year contract.
August 28, 2023 | 9:23 am
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NEGATIVE IMPACT
Ford could face a potential strike if negotiations with UAW fail, which could disrupt operations and increase costs.
A potential strike could disrupt Ford's operations, affecting production and sales. Additionally, meeting the union's demands could significantly increase costs.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
General Motors is also at risk of a potential strike if negotiations with UAW fail, which could disrupt operations and increase costs.
A potential strike could disrupt GM's operations, affecting production and sales. Additionally, meeting the union's demands could significantly increase costs.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Stellantis could face a potential strike if negotiations with UAW fail, which could disrupt operations and increase costs.
A potential strike could disrupt Stellantis' operations, affecting production and sales. Additionally, meeting the union's demands could significantly increase costs.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100