In the US, the cost of the United Automobile Workers Union (UAW) strike against three major automakers is estimated to have reached $10.4 billion in six weeks.

Michigan-based economic consulting firm Anderson Economic Group (AEG) shared its latest analysis on the “Stand Up” strike launched by workers affiliated with the United Auto Workers Union against General Motors (GM), Ford and Stellantis.

The AEG statement states that the direct cost of the auto workers’ strike is estimated at $10.4 billion over six weeks.

LOSS OF PRODUCERS OF 4.3 BILLION DOLLARS

Approximately $650 million of this cost was claimed to be due to wage losses, $4.3 billion to producer losses, $3.3 billion to supplier losses, and $2 billion to distributor losses. , customers and other losses.

The statement reported that the number of workers laid off before the union reached temporary agreements with 3 automakers exceeded 56,000.

THE UNION HAD A TEMPORARY AGREEMENT WITH 3 LARGE MANUFACTURERS

After UAW negotiations with Ford, GM and Stellantis for a new contract covering approximately 150,000 workers failed to reach an agreement, on September 14, the end date of the current contract, it was decided to strike in 3 Michigan factories. Missouri and Ohio.

The strike began on September 15, and for the first time in the union’s 88-year history, workers at three auto companies went on strike together.

The UAW expanded the strike to include different factories and parts distribution centers during the negotiation process with the companies, and the total number of striking workers exceeded 45,000.

The union announced that a temporary agreement had been reached with Ford on October 26, Stellantis on October 28 and GM on October 30, and that workers would return to their jobs. (AA)