Ford Motor Says Its All-in Compensation Would Be 62% Higher Than Tesla's If It Meets UAW's Demand; A 12-Week Strike Would Cost An Average Employee $17,500 In Lost Wages And Profit Sharing; Odds Are Very High For A Targeted Strike By UAW
Portfolio Pulse from Benzinga Newsdesk
Ford Motor Company could face a 62% increase in all-in compensation if it meets the United Auto Workers' (UAW) demands. A 12-week strike would cost an average employee $17,500 in lost wages and profit sharing. The odds for a targeted strike by UAW are very high.
September 14, 2023 | 8:21 pm
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Ford Motor Company could face increased labor costs if it meets UAW's demands. A potential strike could also lead to significant losses for the company.
The news directly mentions Ford Motor Company and the potential increase in labor costs due to UAW's demands. This could negatively impact the company's financials. Additionally, a potential strike could lead to production disruptions and further financial losses.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100