Ford, UAW avert Kentucky plant strike with local labor deal
Automaker Ford (F) averts a UAW (United Auto Workers) strike at its Kentucky Truck Plant, reaching a local agreement with the union. Yahoo Finance Autos Reporter Pras Subramanian explains the situation and whether other Ford factories could face similar union challenges.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Luke Carberry Mogan.
Video Transcript
[AUDIO LOGO]
- Ford's Kentucky truck factory averting another UAW strike. Here with the very latest is Yahoo Finance's Pras Subramanian. Pras.
PRAS SUBRAMANIAN: Hey, so yeah, so strike averted, like you mentioned. There was this local UAW laws that were not necessarily being signed off on with the UAW and Ford. UAW on Friday threatened that they would strike this plant on Friday if they didn't get these local laws signed off on and then they did. It's very interesting because this is that same plant that had a stand up strike during the October strike and that was a big deal for Ford the most profitable plant there.
So good news for Ford, good news for the UAW. But there's also a number of other plants, several other plants across the country, UAW plants, that don't have local laws signed on UAW agreements, and there's 19 other Ford plants that have expired agreements. So this issue could pick up again, but I think this is more of a political gamesmanship here.
- Well, I was going to say, have we gotten any indication from the Union that something else might be? I mean, this one was a surprise one, right? But have we gotten any hints from the union about what their strategy is going forward?
PRAS SUBRAMANIAN: No, I mean, other than mentioning the fact that there are 19 other plants.
- Oh so they, they hinted that. OK.
PRAS SUBRAMANIAN: This is their information. There are 19 other Ford plants in addition to Stellantis and GM plants that haven't had these local agreements signed off. And it's stuff like ergonomics and the number of nurses at a plant, right. These are the things that we're talking about separate from the major national agreements.
- Gotcha. OK, well, stay tuned in other words. Thanks Pras, Appreciate it.
