Ford Of Canada, Union Reach Collective Agreement With Wage Boosts, Pension Improvements; U.S. Negotiations Continue
Portfolio Pulse from Anan Ashraf
Canada's Unifor union has ratified a new three-year agreement with Ford of Canada, which includes a base hourly wage increase of up to 25%, improvements to pension plans, and other benefits. Meanwhile, negotiations with the United Auto Workers union in the U.S. continue. Unifor is also in negotiations with General Motors and Stellantis.
September 25, 2023 | 4:58 am
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Ford has reached a new agreement with Canada's Unifor union, which could lead to increased labor costs but also improved labor relations.
The new agreement could lead to increased labor costs for Ford due to the wage increases and pension improvements. However, it could also improve labor relations and reduce the risk of strikes, which could have a positive impact on production and sales.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Unifor is also in negotiations with General Motors, which could lead to similar agreements and impacts.
If Unifor reaches a similar agreement with General Motors, it could lead to increased labor costs but also improved labor relations for the company.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
NEUTRAL IMPACT
Unifor is also in negotiations with Stellantis, which could lead to similar agreements and impacts.
If Unifor reaches a similar agreement with Stellantis, it could lead to increased labor costs but also improved labor relations for the company.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60