GM strike impacts 150,000 auto industry workers: consulting firm

  • 📰 Reuters
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

The prolonged strike at General Motors Co is estimated to have hit 150,000 worke...

FILE PHOTO: A"UAW On Strike" sign is seen during a rally outside the shuttered General Motors Lordstown Assembly plant during the United Auto Workers national strike in Lordstown, Ohio, U.S. September 20, 2019. REUTERS/Rebecca Cook/File Photo

The strike at the No.1 U.S. carmaker began on Sept. 16, with its 48,000 members of the United Auto Workers union seeking higher pay, greater job security, a bigger share of the automaker’s profit and protection of healthcare benefits. The research firm estimates that the strike has resulted in a $660 million profit hit for GM and more than $412 million direct wage losses for all employees through the third week of the strike.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

US Auto manufacturers are only able to keep the US factories open because of the profits they make in Asian countries. The labor cost is expensive when you add all those benefits. Maybe the executives can take a pay cut to help out perhaps?

Unions are very shortsighted when automatically being anti-Trump, who’s leading the “made in the USA” charge

realDonaldTrump WhiteHouse Is this what Winning looks like?!

Instead of having this matter as top priority in the house the dems are to busy harassing the President!!

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:

 /  🏆 2. in SG

Singapore Singapore Latest News, Singapore Singapore Headlines