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The United Auto Workers (UAW) union is expected to return to the negotiating table with Stellantis just one day after workers walked out of Ford’s largest and most profitable factory. Negotiators are planning to resume contract talks with Stellantis October 12, said UAW president Shawn Fain.
"Here’s to hoping talks at Stellantis today are more productive than Ford yesterday [October 11]," Fain wrote in a social media post.
According to Reuters, the decision by the UAW to expand strike actions to Ford’s Kentucky plant on October 11, which employs 8,700 workers, signified the strike's largest single walkout.
Some industry analysts interpreted the most recent strike actions as a sign that “the endgame could be starting” in the walkouts against the Detroit Three automakers.
"Pressure was always needed to force a deal," wrote Chris McNally, an analyst for Evercore ISI, the financial research arm of the investment banking firm Evercore Inc.
Ford shares fell by 2.2% in premarket trading on October 12 while GM’s stock fell slightly to $30.95 a share.
The UAW began striking against Ford, GM and Stellantis September 15. The UAW strikes began at General Motors’ Wentzville, Missouri venue, where 3,600 UAW members are employed. Later, 3,300 workers walked out of Ford’s Wayne, Michigan plant as well as Stellantis’ Toledo, Ohio assembly complex, which employs about 5,800 UAW members.
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