Canadian Union Unifor Sets Deadline For Stellantis Deal: Strike Looms Unless Terms Met
Portfolio Pulse from Anan Ashraf
Canadian workers union Unifor has set a deadline of Oct. 29 for a strike unless Stellantis NV (NYSE:STLA) agrees to follow the pattern agreement the union has already set with Ford of Canada and General Motors. The union represents over 8,200 workers at Stellantis across various plants and distribution centres. The union has already managed to ratify new agreements with Ford and GM.
October 18, 2023 | 3:54 am
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Stellantis NV faces a potential strike from the Unifor union if it does not agree to the terms set with Ford and GM by Oct. 29. This could disrupt operations at various Stellantis plants and distribution centres.
The news directly pertains to Stellantis NV as the union Unifor has set a deadline for the company to agree to certain terms. If Stellantis does not meet these terms, a strike could occur which would likely disrupt operations and potentially negatively impact the company's stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100