Ford Executive Says 300,000 To 500,000 Supplier Workers Could Be Laid Off Because Of UAW Strikes
Portfolio Pulse from Benzinga Newsdesk
A Ford executive has warned that between 300,000 to 500,000 supplier workers could be laid off due to the ongoing UAW strikes. This could potentially disrupt the supply chain and impact the operations of other automakers as well.
September 29, 2023 | 5:29 pm
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Ford could face significant disruptions in its supply chain due to potential layoffs of supplier workers caused by UAW strikes.
The potential layoffs of supplier workers could disrupt Ford's supply chain, leading to production delays and potential financial losses. This could negatively impact Ford's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
General Motors could also be impacted by the potential layoffs of supplier workers due to UAW strikes, as it could disrupt their supply chain.
The potential layoffs of supplier workers could disrupt GM's supply chain, leading to production delays and potential financial losses. This could negatively impact GM's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Stellantis could also be impacted by the potential layoffs of supplier workers due to UAW strikes, as it could disrupt their supply chain.
The potential layoffs of supplier workers could disrupt Stellantis' supply chain, leading to production delays and potential financial losses. This could negatively impact Stellantis' stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80