Ford weighing shift reductions as UAW presses Big 3 automakers to close factories [CNBC]
Ford Motor Company (F)
Last ford motor company earnings: 4/28 04:09 pm
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Source: CNBC
The United Auto Workers union has asked the Big Three Detroit automakers to shut down production for two weeks to safeguard its members from the coronavirus outbreak. In a letter to union members, UAW President Rory Gamble said Ford General Motors "They asked for 48 hours to put together plans to safeguard workers in their facilities," Gamble said, adding that the window expires this afternoon. A task force meeting is scheduled for later Tuesday, and its members "have been working diligently since Sunday and that work continues," In response to the UAW's letter, executives at Ford told CNBC that they are considering production cuts at the company's U.S.-based factories as a possible solution. The company is trying to determine if a plant would need to closed down completely in order to sufficiently reduce risk, or if it could be kept operating with reduced staffing. One of Ford's employees at a product development office in Dearborn, Michigan, was exposed to coronavirus after leaving
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- 4/24/24 - Beat
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- 4/25/24 - Form 10-Q
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- 4/25/24 - Form S-8
- F's page on the SEC website