'UAW Targets 30% Pay Raise In Contract Talks With U.S. Automakers' - Bloomberg
Portfolio Pulse from Benzinga Newsdesk
The United Auto Workers (UAW) union is targeting a 30% pay raise in its contract negotiations with U.S. automakers, according to Bloomberg. The companies potentially affected by this include Ford Motor Co. (F), General Motors Co. (GM), and Stellantis N.V. (STLA).
September 28, 2023 | 2:45 pm
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NEGATIVE IMPACT
Ford could face increased labor costs if UAW's demand for a 30% pay raise is met.
Increased labor costs can impact Ford's profitability, potentially leading to a decrease in its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
General Motors could see its labor costs rise if UAW's 30% pay raise demand is agreed upon.
If General Motors agrees to the UAW's demand, it could face increased labor costs, which could negatively impact its profitability and potentially lead to a decrease in its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Stellantis could face higher labor costs if UAW's demand for a 30% pay raise is met.
Increased labor costs can impact Stellantis's profitability, potentially leading to a decrease in its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100