Ford is laying off workers while the UAW is striking against Ford, GM, and Stellantis. This is getting complicated.
The United Auto Workers is striking at the plant, but UAW President Shawn Fain instructed only workers in the paint shop and final assembly to strike.
The contracts between the UAW and Ford , General Motors , and Chrysler parent Stellantis expired late Thursday without a new agreement. Baird analyst Luke Junk wrote in a Thursday report the initial scope of the strike was more limited than expected. He thought the UAW would likely target engine and transmission plants that could have effectively shut down all North American operations.The 2023 labor action follows a strike in 2019 against GM that lasted about 40 days. That stoppage cost GM about $3.6 billion in operating profit. The company reported adjusted operating profit of about $8.