The auto workers strike at General Motors, now in its third week, has cost the carmaker about $1 billion so far, according to a report released Tuesday. The strike, launched last month by the United Auto Workers, halted US production immediately and Canadian and Mexican facilities were progressively affected soon thereafter, said a report by JPMorgan Chase. The overall cost is "likely over $1 billion at this point," the report said, adding that the company has the potential to recover some of the lost profits in the fourth quarter if the strike ends soon. Nearly 50,000 US autoworkers have been on strike since September 16 as the biggest US auto company and the UAW spar over ...
Keep on reading: Genera Motors’ Loss from Strike Estimated at $1 Billion
from INQUIRER.net https://ift.tt/2ntbthy
-
MANILA, Philippines---The uptick in the country's May inflation rate is a circumstance that does not set off alarm bells, Malacaang said...
-
Australia skipper Aaron Finch was dismissed for a duck in his 100th one-day international after the tourists won the toss and elected to bat...
-
MANILA, Philippines --- The proposed P4.1 trillion national budget for 2020 is now a step closer to becoming a law after the Senate-House pa...
No comments:
Post a Comment