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Saturday, May 11, 2024

Ford estimates US strike impact at $1.3bn

UAW workers, shown picketing outside of Ford’s Wayne Assembly Plant last month, are returning to work after the company announced a tentative agreement with the United Auto Workers union. (Photo: AFP)

NEW YORK – Ford on Thursday said the need to restore manufacturing operations outweighed the additional costs to sweeten a labour contract to end a strike that has cost it some US$1.3 billion.

“The important thing for us was to get back to work and get the factories…

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