Trending: Stellantis Faces Hit From UAW Strike for Higher Pay
15 Settembre 2023 - 12:06PM
Dow Jones News
0935 GMT - Stellantis is among the most mentioned companies
across news items over the past six hours, according to Factiva
data. The multinational car maker, whose brands include Jeep, RAM
and a dozen others, is the target of a strike by the United Auto
Workers Union in the U.S. The strike's one-time cost to Stellantis
should be about EUR2.5 billion, with another EUR2.8 billion in
labor costs as a result of negotiations, according to analysts from
Bernstein. The strike at Stellantis currently affects the Ohio Jeep
factory but could be expanded. The UAW strike affects Ford and GM
as well. Stellantis shares rise 0.4% at EUR17.65. Dow Jones &
Co. owns Factiva. (david.sachs@wsj.com)
(END) Dow Jones Newswires
September 15, 2023 05:51 ET (09:51 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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