Ford Executive Says 4600 Workers Could Be Laid Off At Other Ford Facilities; Have Already Had 13,000 Layoffs At Ford Suppliers; Kentucky Truck Strike Could Push "Fragile Supply Chain" Toward Collapse; Have Reached Our Limit On Economic Proposals
Portfolio Pulse from Benzinga Newsdesk
Ford's executive has warned that 4,600 workers could face layoffs at other Ford facilities due to the ongoing Kentucky truck strike. This comes after 13,000 layoffs at Ford suppliers. The executive also mentioned that the strike could push the already fragile supply chain towards collapse and that they have reached their limit on economic proposals.
October 12, 2023 | 7:18 pm
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Ford could lay off 4,600 workers due to the Kentucky truck strike, following 13,000 layoffs at suppliers. The strike could push the fragile supply chain towards collapse.
The potential layoffs and the risk to the supply chain due to the strike could negatively impact Ford's operations and financial performance in the short term. This could lead to a decrease in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100