UAW Says Stand Up Strike Will Target A To-Be-Determined Number Of Facilities To Walk Out On Strike At Midnight Tonight; Announced A New Strike Strategy In Case Ford, General Motors, And Stellantis Fail To Offer Fair Contracts To 150,000 Autoworkers
Portfolio Pulse from Benzinga Newsdesk
The United Auto Workers (UAW) union has announced a new strike strategy, which will target an unspecified number of facilities for a walkout at midnight. This action is in response to Ford (F), General Motors (GM), and Stellantis (STLA) potentially failing to offer fair contracts to 150,000 autoworkers.
September 14, 2023 | 3:23 pm
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NEGATIVE IMPACT
Ford could face a strike from UAW if it fails to offer fair contracts to autoworkers, potentially disrupting production.
A strike could disrupt Ford's production, leading to potential revenue losses and negatively impacting the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
General Motors is at risk of a UAW strike if it does not provide fair contracts to its autoworkers, which could impact production.
A strike could disrupt GM's production, leading to potential revenue losses and negatively impacting the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Stellantis could be affected by a UAW strike if it fails to offer fair contracts to its autoworkers, potentially affecting production.
A strike could disrupt Stellantis' production, leading to potential revenue losses and negatively impacting the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100