trending Market Intelligence /marketintelligence/en/news-insights/trending/JerDao8JMTzk3OGPgerOSw2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Report: Ford expects over $1B in healthcare costs for US workers in 2020

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform

Report: Ford expects over $1B in healthcare costs for US workers in 2020

Ford Motor Co. expects to incur over $1 billion in health insurance costs for its 56,000 U.S. workers in 2020, Bloomberg News reported March 12, citing a source close to the matter.

The estimate could further complicate Ford's contract negotiations with the United Auto Workers, or UAW, over its $11 billion restructuring plan, which involves slashing shifts and about 20,000 job cuts globally.

Fiat Chrysler Automobiles NV and General Motors Co. are also gearing up for contract talks with the UAW. The three carmakers' health insurance costs rose above $2 billion in 2015 and have continued to rise, Bloomberg said.

The negotiations between the three carmakers and the union on contracts that expire in September will begin this summer, and issues like cost-sharing for healthcare benefits may lead to worker strikes, according to the report.

The development comes at a time when carmakers are cutting jobs and undergoing restructuring as the industry braces itself for rising costs of technological transformation, tariff uncertainty and Brexit woes.

General Motors is in the process of laying off 15% of its U.S. salaried staff and closing down five of its U.S. factories. Fiat Chrysler is reportedly cutting nearly 1,400 jobs at its Belvidere assembly plant in Illinois that makes the Jeep Cherokee SUV. Fiat Chrysler, however, is also planning a $4.5 billion investment in Michigan that is expected to create 6,500 new jobs.