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Ford Strike Looms, Shares Tumble Amid Union Standoff

Nearly 9,000 UAW members at Ford's Kentucky plant threaten a strike over local contract issues, causing a drop in the company's shares and raising concerns about production and revenue disruptions.

by Mark Eisenberg
Fri, Feb 16, 2024 11:11pm
in Business
• 2 mins read
14.8k
Ford Strike Looms, Shares Tumble Amid Union Standoff | FinOracle

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Nearly 9,000 UAW Members at Ford's Kentucky Plant Threaten Strike Over Local Contract Issues

Ford Motor Co.'s biggest and most profitable truck plant in Kentucky could face a strike next Friday if local contract issues are not resolved, the United Auto Workers (UAW) union announced. The union's statement caused a 1.2% drop in the company's shares. The contract talks are separate from the agreements reached last year between the UAW and the Detroit Three automakers – Ford, General Motors, and Stellantis – which will result in unprecedented wage increases for around 150,000 union members.

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