UAW President Says Top Offer For Wages Is Now 23% Wage Increase, Up From 9% At Beginning Of Strike
Portfolio Pulse from Benzinga Newsdesk
The UAW President has announced that the top offer for wages has now increased to 23%, up from 9% at the beginning of the strike.
October 06, 2023 | 6:20 pm
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NEGATIVE IMPACT
The wage increase could potentially increase Ford's labor costs, impacting their profitability in the short term.
The wage increase offer from UAW could lead to higher labor costs for Ford, which could negatively impact their profitability in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 33
NEGATIVE IMPACT
The wage increase could potentially increase General Motors' labor costs, impacting their profitability in the short term.
The wage increase offer from UAW could lead to higher labor costs for General Motors, which could negatively impact their profitability in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 33
NEGATIVE IMPACT
The wage increase could potentially increase Stellantis' labor costs, impacting their profitability in the short term.
The wage increase offer from UAW could lead to higher labor costs for Stellantis, which could negatively impact their profitability in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 33