UAW, Volvo's Mack Trucks Edge Closer To Ending Strike With Tentative Deal
Portfolio Pulse from Anan Ashraf
Mack Trucks, owned by Volvo Group (OTC:VLVLY), and the United Auto Workers (UAW) union have reached a tentative agreement, potentially ending a strike that has been ongoing for three weeks. The agreement is currently under review by the union members.
October 02, 2023 | 5:07 am
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The tentative agreement between Mack Trucks and the UAW union could end the ongoing strike, potentially reducing labor costs and disruptions for Volvo Group.
The ongoing strike has likely been a source of increased labor costs and operational disruptions for Volvo Group. The tentative agreement, if approved, could end the strike and alleviate these issues, potentially having a positive impact on Volvo's short-term financial performance.
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