GM strike affects about 150,000 auto industry workers: consulting firm

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 66%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

The prolonged strike at General Motors Co is estimated to have hit as many as 150,000 workers in the auto industry, a report from research and ...

REUTERS: The prolonged strike at General Motors Co is estimated to have hit as many as 150,000 workers in the auto industry, a report from research and consulting firm Anderson Economic Group showed on Tuesday.

The report's total, for the number of workers impacted by the strike, includes about 25,000 GM salaried workers affected by the plant shutdowns. The research firm estimates that the strike has resulted in a US$660 million profit hit for GM and more than US$412 million in direct wage losses for all employees through the third week of the strike.GM's share price dropped by 2.5per cent on Tuesday as broader indexes fell. GM's share price has lost 9per cent since the strike began, slicing more than US$4 billion from the automaker's market value.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

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

GM strike impacts 150,000 auto industry workers: consulting firmThe prolonged strike at General Motors Co is estimated to have hit 150,000 workers in the auto industry, a report from research and consulting ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Explainer: Disruptions in the global shipping industryOil shipping rates are soaring following a series of sanctions on a Chinese transportation giant and limitations placed on movement of Venezuelan ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »