'The Union Is Playing Some Hardball.' Here's Why GM Workers Are On Strike
Posted: Mon Sep 16, 2019 8:07 pm
Time - 9/16/2019 - David Welch and Keith Naughton / Bloomberg - The United Auto Workers union is leading its first strike against General Motors in 12 years, digging in for a fight over jobs and benefits that could cost the carmaker dearly for an indefinite period. The strike that took effect at midnight may cost GM about $50 million a day in earnings before interest and taxes due to lost production, Dan Levy, an analyst at Credit Suisse, said Sunday. The shares fell 3.2% in pre-market trading on Monday. Read more @ https://time.com/5678191/gm-strike/