Stand Up, Not Out: UAW's Strike Imminent — Union President Shawn Fain Just Rattled The Big 3's Cage
Portfolio Pulse from AJ Fabino
United Auto Workers (UAW) President Shawn Fain has warned Ford Motor Co (F), General Motors Co (GM), and Stellantis NV (STLA) of a potential strike if the union's demands are not met. The demands include a 46% wage hike over four years, restoration of pensions, post-retirement health care, and a decrease in the workweek to 32 hours. The strike could commence on Sept. 14, affecting up to 146,000 workers.
September 13, 2023 | 10:19 pm
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NEGATIVE IMPACT
Ford could face a strike from UAW if the union's demands are not met, potentially disrupting operations and impacting stock price.
A strike could disrupt Ford's operations, leading to production delays and potential financial losses. This could negatively impact the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
General Motors could face a strike from UAW if the union's demands are not met, potentially disrupting operations and impacting stock price.
A strike could disrupt GM's operations, leading to production delays and potential financial losses. This could negatively impact the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Stellantis could face a strike from UAW if the union's demands are not met, potentially disrupting operations and impacting stock price.
A strike could disrupt Stellantis's operations, leading to production delays and potential financial losses. This could negatively impact the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100