UAW President Shawn Fain Says Ford Has Agreed To Enhanced Profit Sharing Formula; It Still Has Serious Issues With Ford But Automaker Is Serious About Reaching A Deal; No Concessions On The Table; Ford Agreed To Reinstate Cola
Portfolio Pulse from Benzinga Newsdesk
UAW President Shawn Fain announced that Ford has agreed to an enhanced profit-sharing formula. Despite ongoing serious issues, Ford is committed to reaching a deal. No concessions have been made yet, but Ford has agreed to reinstate Cola.
September 22, 2023 | 2:20 pm
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POSITIVE IMPACT
Ford's agreement to an enhanced profit-sharing formula and reinstatement of Cola shows its commitment to resolving issues with UAW. This could potentially improve labor relations and company reputation.
Ford's agreement to an enhanced profit-sharing formula and reinstatement of Cola indicates its willingness to resolve labor issues. This could potentially improve its relationship with UAW, enhance its corporate reputation, and positively impact its stock in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100