UAW expands strike to crucial GM SUV plant in Texas hours after automaker reports earnings
Publishing timestamp: 2023-10-24 13:10:08
Summary
The United Auto Workers union has expanded its strike against General Motors to the highly profitable full-size SUV plant in Texas. The strike now includes roughly 5,000 workers at GM's Arlington Assembly plant. This comes after GM reported third-quarter earnings that beat expectations. The strike has already cost GM $800 million in lost production. The union claims that the strike is necessary to ensure that workers receive their fair share of the company's record profits. GM expressed disappointment with the strike and its negative effects on employees, dealers, suppliers, and communities. The strike began on September 15 and has since grown to include multiple assembly plants and parts distribution centers across the United States.
Sentiment: MIXED
Tickers: STLAM-IT, STLA, GM, F,
Keywords: transportation, business, mary barra, stellantis nv, ford motor co, detroit, personnel, labor economy, breaking news: business, earnings, arlington, business news, autos, general motors co,