Type of Content
Approved Story
1
Format
Hide on the following page types:
Front Page
Region
News Item Format
Standard
Autocurated
0
While the current economic impact of a targeted strike by the United Auto Workers (UAW) is limited, the threat of a full walkout looms over contract negotiations with auto giants Ford, General Motors and Stellantis.
Right now, that threat is hard to quantify — any estimate will depend on the length of the strike and how many more workers are called to the picket line.
Even so, the economic impact of a full-fledged 10-day strike against the Big Three could top $5 billion, the Anderson Economic Group estimated in an August report.
A months-long work stoppage could also eat into the Big Three’s cash holdings, Fitch Ratings warned Friday, particularly if the targeted strikes balloon to a widespread shutdown.
And autoworkers are already being laid off by some companies, as thousands more UAW members brace for making just $500 per week on the picket line.