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

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.

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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 ...
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