UAW To Begin Negotiations On Saturday As Strikes Cause Parts Shortage
Portfolio Pulse from Benzinga Neuro
The United Auto Workers (UAW) union will resume negotiations after strikes at General Motors Co., Ford Motor Co., and Stellantis NV plants caused parts shortages and halted production of several models. The strike is demanding a larger share of profits, shorter work weeks, restoration of pensions, and stronger job security as automakers transition to electric vehicles.
September 16, 2023 | 2:42 am
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NEGATIVE IMPACT
The strike at Ford Motor Co. has caused parts shortages and halted production, potentially impacting the company's short-term revenues.
The strike has directly impacted Ford Motor Co. by causing parts shortages and halting production. This could lead to a decrease in short-term revenues and potentially impact the company's stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The strike at General Motors has caused parts shortages and halted production, potentially impacting the company's short-term revenues.
The strike has directly impacted General Motors by causing parts shortages and halting production. This could lead to a decrease in short-term revenues and potentially impact the company's stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The strike at Stellantis NV has caused parts shortages and halted production, potentially impacting the company's short-term revenues.
The strike has directly impacted Stellantis NV by causing parts shortages and halting production. This could lead to a decrease in short-term revenues and potentially impact the company's stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80