UAW President Claps Back At Ford's And GM's Layoff Announcements: 'Their Plan Won't Work'
Portfolio Pulse from Benzinga Neuro
The United Auto Workers (UAW) strike has led to temporary layoffs of non-striking employees at Ford Motor Co. (NYSE:F) and General Motors Co. (NYSE:GM). The strike, initiated by UAW against GM, Ford, and Stellantis NV (NYSE:STLA), saw nearly 13,000 workers leaving their positions. Ford and GM have announced plans for layoffs, while Stellantis has yet to announce any layoffs.
September 17, 2023 | 5:18 am
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NEGATIVE IMPACT
Ford has announced layoffs due to the UAW strike, which could negatively impact its operations and stock price.
The layoffs announced by Ford due to the UAW strike could disrupt its operations and potentially lead to a decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
GM has announced layoffs due to the UAW strike, which could negatively impact its operations and stock price.
The layoffs announced by GM due to the UAW strike could disrupt its operations and potentially lead to a decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Stellantis has not announced any layoffs amid the ongoing UAW strike, which could potentially have a neutral impact on its stock price.
Stellantis has not announced any layoffs amid the ongoing UAW strike. The impact on its stock price is uncertain at this time.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80