Staff working for Ford UK to strike for 24 hours

Published On Oct 29, 2024, 9:28 AM

More than 1,000 employees at Ford's UK sites are set to strike for 24 hours as part of a pay and contract dispute. The Unite union is demanding a permanent pay raise, while Ford has only offered a one-time payment for 2024 and is looking to change pay structures and sick pay policies. The union has accused Ford of failing to negotiate fairly, which they claim is motivated by corporate greed. The strike is expected to disrupt operations at several Ford locations across the UK.

Read full article

Stock Forecasts

FView F chart on TradingView

Negative

The strike may lead to operational disruptions and potential delays in production, which could negatively impact Ford's output and revenues, particularly in the UK market. If the situation escalates, further strikes could compound these issues.

Related News

Stock futures are little changed as Wall Street awaits labor data and more earnings: Live updates

Oct 28, 2024, 6:02 PM

Stocks notched a winning session on Monday.

F
VFC

Ford stock falls despite Q3 sales beat, as it guides to lower end of 2024 profit forecast

Oct 28, 2024, 4:26 PM

Ford reported third quarter earnings after the bell on Monday, beating on revenue but bringing down its full-year profit forecast to the lower end of its range.

F

Americans shift to more affordable cars as prices, insurance costs increase nationally: report

Oct 22, 2024, 7:05 PM

American consumers are voting with their dollar at car dealerships nationwide, where both average car costs and average insurance rates have spiked in 2024.

GM
F