Interpreting the Recent Escalation at Ford

Interpreting the Recent Escalation at Ford

United ‌Auto Workers⁤ members strike the General Motors Lansing Delta Assembly Plant on September 29, 2023 in Lansing, Michigan.​

Bill ⁤Pugliano | Getty Images

DETROIT‌ – A​ shift in strategy by the United Auto Workers union this week has some analysts wondering if the parties are — perhaps, counterintuitively — getting⁣ closer to ⁢a ‌deal.

On Wednesday the union initiated ⁣a surprise work stoppage at Ford Motor’s Kentucky Truck Plant. The strike involves 8,700‍ workers and affects the most crucial plant, by far – responsible for $25 billion in revenue annually – that the union has walked out on since the ‍strikes began Sept. 15. It’s‌ expected⁣ to quickly ​have⁢ a ripple ⁣effect on other Ford plants and suppliers.

It also ushered in what⁢ UAW⁣ President Shawn Fain characterized as a “new phase” of ⁣strikes and⁣ contract negotiations with Ford, General Motors and​ Chrysler-parent Stellantis, giving the ‌union the element of surprise to keep the automakers on​ edge⁤ during⁤ the ongoing negotiations,…

2023-10-13 14:15:35
Article from www.cnbc.com

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