Losses from autoworkers' strike put at nearly $4B
The United Auto Workers' strike of the Detroit automakers, in its 18th day Monday, has resulted in nearly $4 billion in losses, according to an analysis released Monday.
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The United Auto Workers' strike of the Detroit automakers, in its 18th day Monday, has resulted in nearly $4 billion in losses, according to an analysis released Monday.
Patrick T. Fallon/AFP via Getty Images(NEW YORK) -- An ongoing strike carried out by tens of thousands of autoworkers has cost the U.S. economy billions of dollars, denying workers their wages and cutting output at car companies, according to a study from a Michigan-based research firm that was reviewed by ABC News. Over its first two weeks, the strike cost workers $325 million in lost wages while imposing more than $1 billion in manufacturing declines at the Big 3 U.S. automakers – General Motors, Ford and Stellantis, which owns Jeep and Chrysler, the Anderson Economic Group found. Accounti...
Patrick T. Fallon/AFP via Getty Images(NEW YORK) -- An ongoing strike carried out by tens of thousands of autoworkers has cost the U.S. economy billions of dollars, denying workers their wages and cutting output at car companies, according to a study from a Michigan-based research firm that was reviewed by ABC News. Over its first two weeks, the strike cost workers $325 million in lost wages while imposing more than $1 billion in manufacturing declines at the Big 3 U.S. automakers – General Motors, Ford and Stellantis, which owns Jeep and Chrysler, the Anderson Economic Group found. Accounti...
A study released Monday by a Michigan economic consulting firm estimated that the first two weeks of the UAW strike resulted in $3.95 billion in economic losses
"We believe the companies could sacrifice some of their buybacks in the near-term (for instance a quarter)."