$7.7 billion strike in the US

The economic consulting firm Anderson Economic Group (AEG), based in Michigan, shared its latest analysis on the so-called “Stand Up” strike by UAW workers against General Motors (GM), Ford and Stellantis.

The AEG statement notes that as of October 12, total economic losses resulting from the UAW strike amounted to $7.7 billion.

The statement states that $359 million of the losses in question were due to direct wage losses, $3.45 billion to producer losses, $2.67 billion to supplier losses, and $1.21 billion. millions of dollars in losses to distributors, customers and other losses.

WORKER’S STRIKE

Approximately 13,000 workers decided to strike after UAW negotiations with Ford, GM and Stellantis over the new contract for approximately 150,000 workers did not reach an agreement as of September 14, the end date of the current contract.

Thus, the auto workers’ strike targeting the three major automakers began on September 15 and, for the first time in the union’s 88-year history, workers at three auto factories went on strike together.

The union announced on September 22 that it would extend the strike against GM and Stellantis due to a lack of progress in new contract negotiations. In this context, it was reported that workers would stop working at 38 more GM and Stellantis facilities in 20 states.

The UAW announced on September 29 that 7,000 more members working at Ford and GM would go on strike and that there would be no new strike at Stellantis because contract improvements were made.

The union announced last week that approximately 4,000 of its members went on strike at the factories of Mack Trucks, a subsidiary of the Swedish Volvo group, in Pennsylvania, Maryland and Florida, as well as 8,700 of its members at the Ford truck factory in Kentucky. (AA)