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DETROIT — Auto industry stakeholders are bracing for a potentially unprecedented strike by United Auto Workers members early Friday morning that could have more impact than the 40-day strike against
Here’s the lowdown on what’s happening with the worker strikes, why we’ve ended up here in the first place and how Wall Street took the news.
The United Auto Workers (UAW) union initiated a strike against Detroit's three major automakers following the expiration of their contracts.
Sources at several companies said they are preparing for layoffs if the strike drags out, but they declined to provide details on the record.
Major suppliers to the Detroit 3 plants on strike include Lear Corp., Dana Corp., Superior Industries, Cooper Standard, Tenneco and Martinrea, to name a few.