UAW Lowers Demand For Pay Raises To Mid-30% Range As Strike Deadline Nears; Days Before It's Threatening To Strike Detroit 3, UAW Has Reduced Demand For Pay Raises Over Next 4 Years To The Mid-30 Percent Range
Portfolio Pulse from Benzinga Newsdesk
The United Auto Workers (UAW) union has lowered its demand for pay raises over the next four years to the mid-30 percent range, just days before it threatens to strike Detroit 3. This news comes as the strike deadline nears.
September 11, 2023 | 7:51 pm
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Ford Motor Company (F) could be impacted by the potential UAW strike. The lowered demand for pay raises may ease negotiations, potentially avoiding a strike.
Ford, being part of Detroit 3, could be directly impacted by the potential UAW strike. However, the lowered demand for pay raises by UAW may ease negotiations, potentially avoiding a strike. This could maintain production levels and prevent potential financial losses.
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IMPORTANCE 70
RELEVANCE 75