Auto companies could sacrifice stock buybacks to help pay for union demands, analyst says
"We believe the companies could sacrifice some of their buybacks in the near-term (for instance a quarter)."
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"We believe the companies could sacrifice some of their buybacks in the near-term (for instance a quarter)."
The economic damage from the strike will continue to worsen each week that workers are off the line. After last week's added targets, one automaker is expected to hit particularly hard.
Polling indicates that Americans overwhelmingly side with striking UAW autoworkers over the auto companies, 78% to 22%.
The UAW has entered its 18th day on strike against the 'Big Three' automakers in the U.S.
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