UAW strike set to hit deep into the industry's supply base

By Timothy Aeppel - Jeffrey Aznavorian has already cut output about 6% at his small auto parts factory outside Detroit due to the United Auto Workers strike. But he is bracing for it to getSaltWire's Atlantic regional weather forecast for September 22, 2023 | SaltWire - Jeffrey Aznavorian has already cut output about 6% at his small auto parts factory outside Detroit due to the United Auto Workers strike. But he is bracing for it to get worse.

The supply base for the Detroit Three, as they’re called, reaches deep into the economy, especially in the upper Midwest, and touches everything from chemical and metal producers to electronics. If the strike expands, it would only be a matter of weeks before some smaller suppliers faltered, said Marick Masters, a professor of business at Wayne State University.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Suppliers urge price concessions from automakers as UAW strike hits financesThe UAW's strike against the Detroit 3 has made an already precarious financial situation for many suppliers even more fraught — and the automakers might be in part to blame, industry experts said.
Source: AutoNewsCanada - 🏆 77. / 51 Read more »