Ford Strikes Tentative Labor Agreement With Canadian Union, Narrowly Avoids Second Strike
Portfolio Pulse from Benzinga Neuro
Ford Motor Co. has reached a preliminary labor agreement with Unifor, the Canadian labor union, avoiding a potential second strike. The agreement will affect approximately 5,600 members at Ford’s Canadian facilities. The details of the agreement remain undisclosed. Unifor had been advocating for better pensions, higher wages, and support for workers as Ford transitions to electric vehicle manufacturing.
September 20, 2023 | 4:21 am
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Ford's preliminary labor agreement with Unifor could potentially stabilize its operations in Canada, avoiding a second strike. The agreement could also set a precedent for future negotiations with other unions.
The agreement with Unifor could prevent a potential strike, which would disrupt Ford's operations and potentially impact its stock price negatively. The successful negotiation could also set a positive precedent for future negotiations with other unions, potentially reducing labor-related risks for the company.
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