UAW President Has 'A Lot Of Work To Do In 48 Hours' To Avoid Catastrophic Strike
Portfolio Pulse from Aaron Bry
The United Auto Workers (UAW) is in contract negotiations with the big three U.S. auto manufacturers, Ford Motor Co (F), Stellantis NV (STLA), and General Motors Co (GM), demanding a pay increase of 30% or higher. UAW President Shawn Fain stated that if no agreement is reached by Thursday night, there will be 'action'. The UAW is also fighting for better working conditions and higher pay in 2023, similar to other labor unions such as Hollywood’s SAG-AFTRA and barista workers at Starbucks Corp (SBUX). A 10-day UAW strike could result in a nationwide economic loss of over $5 billion.
September 13, 2023 | 4:16 pm
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NEGATIVE IMPACT
Ford could face labor disruptions if UAW's demands are not met, potentially impacting production and revenues.
If the UAW's demands are not met, Ford could face labor disruptions or strikes, which could negatively impact production and revenues in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
General Motors could face labor disruptions if UAW's demands are not met, potentially impacting production and revenues.
If the UAW's demands are not met, General Motors could face labor disruptions or strikes, which could negatively impact production and revenues in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Starbucks is facing labor disputes, which could lead to disruptions in its operations and potentially impact its revenues.
Starbucks is facing labor disputes, similar to the UAW's fight for better working conditions and higher pay. This could lead to disruptions in Starbucks' operations and potentially impact its revenues in the short term.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60
NEGATIVE IMPACT
Stellantis could face labor disruptions if UAW's demands are not met, potentially impacting production and revenues.
If the UAW's demands are not met, Stellantis could face labor disruptions or strikes, which could negatively impact production and revenues in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80