Ford Production Workers At Kentucky, Louisville Vote Against Tentative Labor Deal: Report

In the industrial centers of Ford Motor Co F in Louisville and Kentucky, a split in voting outcomes has reportedly emerged among the workforce on the proposed labor agreements.

Production workers at the assembly plants have demonstrated opposition, whereas skilled tradespeople, including those in maintenance and construction, have shown support for the tentative labor agreement, reported Reuters.

The UAW Local 862 disclosed that 55% of production staff opposed the contract's approval, while 69% of skilled trades workers supported it.

This divergence underscores the uncertain trajectory of contract ratifications, which are pivotal for Ford's financial planning.

Last month, apprehensions regarding the contract's ratification led Ford to withdraw its full-year financial forecast.

Related: Ford Q3 Earnings Highlights: Revenue Beat, EPS Miss, EV Sales Rise, Guidance Withdrawn Due To UAW Strike

Of the total votes cast at Ford's various facilities so far, 70.7% of workers have voted in favor of the deal, the report noted, citing a UAW vote tracker.

However, key facilities like Michigan's Dearborn Truck plant are yet to vote, as per the report.

Also Read: Honda Steps Up With 11% Wage Hike For US Production Staff: Report

Price Action: F shares are trading lower by 0.56% at $9.81 on the last check Monday.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.