Ford Deal With UAW: How Do Pay Raises Compare To Hollywood Writers, Other Recent Union Wins?
Portfolio Pulse from Natan Ponieman
The United Auto Workers (UAW) has reached a tentative agreement with Ford Motor Co. (NYSE:F) that would increase salaries for Ford workers by 25% over four-and-a-half years and raise top salaries for production workers to $40 an hour. The agreement is expected to relieve pressure from President Joe Biden's agenda. Shares of Ford, Stellantis NV (NYSE:STLA) and General Motors Co (NYSE:GM) have been on a downward trajectory since the strike began on Sept. 15. The agreement also includes the right to strike over plant closures and cost-of-living adjustments.
October 26, 2023 | 10:08 pm
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NEUTRAL IMPACT
Ford's agreement with UAW could lead to increased labor costs but may also improve employee morale and productivity. The end of the strike could potentially stabilize the company's stock.
The agreement could lead to increased labor costs for Ford, which could impact its profitability. However, the end of the strike and improved employee conditions could boost morale and productivity, potentially offsetting these costs. The end of the strike could also stabilize the company's stock, which has been on a downward trajectory since the strike began.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
General Motors is also under pressure to offer similar agreements as Ford. This could lead to increased labor costs for the company.
If General Motors is pressured into offering a similar agreement as Ford, it could face increased labor costs. This could impact the company's profitability and potentially its stock price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 75
NEGATIVE IMPACT
Pressure is building on Stellantis to offer similar agreements as Ford. This could lead to increased labor costs for the company.
If Stellantis is pressured into offering a similar agreement as Ford, it could face increased labor costs. This could impact the company's profitability and potentially its stock price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 75