UAW President Says We Will Expand Strike At Ford And GM; Will Strike Ford Chicago And GM Lansing Delta Township; Union Opted Not To Call New Strike At Stellantis After It Made Contract Improvements Moments Before Planned Announcement
Portfolio Pulse from Benzinga Newsdesk
The UAW President has announced plans to expand strikes at Ford and General Motors, including at Ford Chicago and GM Lansing Delta Township. However, the union has decided not to call a new strike at Stellantis after the company made contract improvements just before a planned announcement.
September 29, 2023 | 2:41 pm
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POSITIVE IMPACT
Stellantis has avoided a new strike by the UAW after making last-minute contract improvements.
Avoiding a strike means that Stellantis can continue its operations without disruption, which is positive for the company's production and potential revenues.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Ford is facing an expanded strike by the UAW, which could disrupt production and potentially impact revenues.
Strikes typically disrupt production, which can lead to delays in delivery and potential loss of revenue. The announcement of an expanded strike at Ford suggests that the company could face significant disruptions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
General Motors is also facing an expanded strike by the UAW, which could disrupt production and potentially impact revenues.
Strikes typically disrupt production, which can lead to delays in delivery and potential loss of revenue. The announcement of an expanded strike at GM suggests that the company could face significant disruptions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100