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Business News - English
Editorji Podcast
100 episodes
8 months ago
Business News Video: Get insights into the business world and stay up-to-date with the latest economy news video, sensex news, changing market trends and stock values in India and around the World at Editorji.
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All content for Business News - English is the property of Editorji Podcast and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
Business News Video: Get insights into the business world and stay up-to-date with the latest economy news video, sensex news, changing market trends and stock values in India and around the World at Editorji.
Show more...
News
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Ford temporarily lays off 300 workers amidst ongoing UAW strikes ripple effects in the U.S auto industry
Business News - English
2 years ago
Ford temporarily lays off 300 workers amidst ongoing UAW strikes ripple effects in the U.S auto industry
After General Motors (GM) cut 164 jobs, Ford, on Monday announced that over 300 workers had been temporarily laid off due to "knock-on effects" from the ongoing strike against the company and two other US automakers. The strike against the "Big Three" car manufacturers -- Ford, Stellantis and General Motors -- began on September 15 when a previous contract expired without a replacement. Instead of calling for all of its 146,000 members to strike at once, the United Auto Workers (UAW) union has deployed a targeted approach, adding more sites as the weeks drag on. "Our production system is highly interconnected, which means the UAW's targeted strike strategy has knock-on effects for facilities that are not directly targeted for a work stoppage," Ford said in a statement on Monday. "Approximately 330 employees have been asked not to report to work," the statement added, saying the total number of "strike-related layoffs" at Ford now totalled 930. Ford said its sites impacted by Monday's announcement were in Chicago, Illinois and Lima, Ohio. Stellantis and General Motors have also reduced staff at several sites for the same reasons. Initially, the UAW called on some 13,000 members at the three automakers to stop work, then added another 5,600 a week later due to lack of progress in negotiations. A further 7,000 were added the following week to bring the total to some 25,000.
Business News - English
Business News Video: Get insights into the business world and stay up-to-date with the latest economy news video, sensex news, changing market trends and stock values in India and around the World at Editorji.