October 6, 2023
Toronto, Ontario — In this weekly Tuesday Ticker, General Motors gives “some resistance” amid Unifor talks while VinFast shares take a massive plunge.
Looming deadlines
Unifor says it is facing ”some resistance” from General Motors as deadlines for contract negotiations.
“This is not surprising,” said Unifor president Lana Payne. “The idea of pattern bargaining is not something that these companies love.”
October 9 is the deadline for contract talks.
VinFast takes a plunge
VinFast stock dropped more than 30 percent last week, despite posting higher-than-expected delivery numbers for Q3 2023.
As of Friday at 4:30 p.m. ET, shares of VinFast were down 78.33 percent year-to-date, trading at US$8.03 per share.
