According to news on October 13, the Ford Truck Plant in Kentucky, USA, set off an unprecedented wave of strikes on the afternoon of October 11. This move marked the United Auto Workers (UAW)’s response to Ford and other automobile giants. Strike action escalates.
At around 6:30 pm on the 11th local time, 8,700 auto workers at Ford’s Kentucky Truck Plant, one of Ford’s largest and most profitable plants in the world, joined the UAW’s strike action. 1. Mainly produces Ford F series Super Models such as Duty, Expedition and Lincoln Navigator. According to the editor's understanding, the UAW said in its statement on the expanded strike that Ford made the same offer as two weeks ago, a move that was considered "unacceptable" and triggered anger and immediate reaction from workers.
#UAW President Fein released a statement saying the union has waited long enough but Ford has still not offered a fair contract. Making the same offer again shows that Ford doesn't take the union's demands seriously.
Ford issued a statement on the expanded strike, saying it was irresponsible for the UAW to hold a strike at Ford's Kentucky Truck Plant. The company noted that the union leadership's strategy appears to be to attack the Detroit Automotive Three through "reputational damage" and "production disruption." However, it seems that Ford's stock price has not been greatly affected by the strike so far.
According to data, the United Auto Workers is one of the largest unions in the United States, with 14.6 members in General Motors, Ford, and Stellantis. Ten thousand people account for approximately 56% of all workers in the U.S. auto manufacturing industry. Since mid-September, a large number of U.S. auto workers have gone on strike as UAW employees and three major automakers including Ford failed to negotiate a new labor agreement. Since the strike began, it has caused approximately $5.5 billion in losses to the U.S. economy.
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