As Detroit-based automaker Ford Motor Co (NYSE:F) continues to reel under the impact of the United Auto Workers (UAW) union’s strike in the U.S., Canada’s Unifor union is gearing up for a strike against it.
What Happened: Unifor said on Sunday that despite negotiations, the union has not reached a tentative agreement with Ford. A strike would commence if the company fails to reach an agreement by Sept. 18, 11: 59 p.m.
Unifor opened negotiations with all three Detroit automakers- Ford, General Motors Co (NYSE:GM) and Stellantis NV (NYSE:STLA)- in early August for better pay and pensions. However, it decided to concentrate on Ford on nearing contract expiry. ...