In rare move, Ford chairman calls on UAW to make a deal and end 'acrimonious' talks
Publishing timestamp: 2023-10-16 13:53:26
Summary
Ford Executive Chairman Bill Ford warned that the ongoing strike by the United Auto Workers threatens the future of Ford Motor Company and the American automotive industry. He pleaded with union members and leaders to work with the company to reach a tentative deal and emphasized the importance of the American automobile industry. UAW President Shawn Fain responded by increasing pressure on Ford. The strike has impacted thousands of workers and Ford has stated that they are at their limit in terms of economic concessions. The opinions of workers on the picket lines vary, with some supporting the strike and others wanting a resolution.
Sentiment: MIXED
Tickers: F,
Keywords: business news, labor economy, autos, transportation, detroit, personnel, breaking news: business, ford motor co, business,
Source: https://www.cnbc.com/2023/10/16/uaw-strikes-bill-ford-calls-on-union-to-make-a-deal.html