Looming auto workers strike could cost $5 billion in just 10 days, new analysis says
Publishing timestamp: 2023-08-17 11:30:38
Summary
A work stoppage by nearly 150,000 UAW workers at GM, Ford, and Stellantis could result in an economic loss of over $5 billion after 10 days, according to a consulting firm. The report highlights the potential losses to UAW workers, manufacturers, and the broader auto industry. The strike could have a significant impact due to low inventories and the involvement of all three automakers.
Sentiment: NEGATIVE
Tickers: GM, F, STLAM-IT, STLA,
Keywords: detroit, business, personnel, autos, business news, labor economy, breaking news: business, anderson santos da vitoria, ford motor co, transportation, stellantis nv, general motors co, united states,
Source: https://www.cnbc.com/2023/08/17/uaw-strike-cost-aeg-analysis.html