Top
image credit: Freepik

Ford estimates US strike impact at $1.3 bn

October 27, 2023

Ford on Thursday said the need to retore manufacturing operations outweighed the additional costs to sweeten a labor contract to end a strike that has cost it some $1.3 billion.

“The important thing for us was to get back to work and get the factories running again,” said Ford Chief Financial Officer John Lawler, a day after the company announced a tentative agreement with the United Auto Workers to end the nearly six-week strike.

Read More on Tech Xplore