UAW, Ford Expected To Announce New Tentative Labor Deal Wednesday Night; Ford Agrees To 25% Wage Increase With 11% Raise In First Year
Portfolio Pulse from Charles Gross
The United Auto Workers (UAW) and Ford are expected to announce a new tentative labor deal on Wednesday night. The deal includes a 25% wage increase with an 11% raise in the first year, according to the Wall Street Journal.
October 25, 2023 | 11:04 pm
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Ford's new labor deal with UAW includes a 25% wage increase, which could impact the company's operating costs and potentially its profitability.
The new labor deal between Ford and UAW includes a significant wage increase. This could lead to higher operating costs for Ford, which could potentially impact its profitability and thus its stock price. The news is highly relevant as it directly involves Ford and its labor costs, which are a significant part of its operating expenses.
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