Ford's Jim Farley Fires Back At UAW Leader As Strike Deadline Approaches: 'There's No One To Negotiate With'
Portfolio Pulse from Benzinga Neuro
Ford Motor Company's CEO, Jim Farley, has criticized United Auto Workers (UAW) President, Shawn Fain, for not being present during critical negotiations as a potential strike deadline approaches. Farley highlighted the absence of any counteroffer to Ford's four economic proposals. The UAW has put forward several demands, including a 40% increase in hourly pay, a reduced 32-hour workweek, a return to traditional pensions, elimination of pay tiers, and restoration of cost-of-living adjustments. If a deal is not reached by the strike deadline, the UAW has threatened to implement targeted strikes at select plants.
September 14, 2023 | 8:09 am
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Ford's ongoing negotiations with the UAW could potentially lead to a strike if a deal is not reached by the deadline. This could disrupt Ford's operations and negatively impact its stock price in the short term.
The ongoing negotiations between Ford and the UAW are critical for the company's operations. If a deal is not reached and the UAW goes on strike, it could disrupt Ford's production, leading to potential losses and a negative impact on its stock price.
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