12/2/2023 0 Comments Gm strike news![]() While he expects the impact to be long lasting, he declined to speculate on whether it will have an impact on next year’s national general election. “I think it would be optimistic to assume (work begins) even a week from now on,” he said Wednesday. “It’s very optimistic to think workers will go back to work on Monday,” Peterson said.Įven if the proposed pact is approved nationally, there still remains the prospect of restarting a “massive, massive supply chain within 48 hours,” he said. ![]() Nationwide, votes cast by more than 48,000 autoworkers will be totaled Friday, determining whether the proposed contract has passed - and whether the walkout will end. Other, larger local units are voting and will continue to vote. A UAW local bargaining unit of GM workers in Spring Hill, Tenn., near Nashville, rejected the tentative contract agreement by seven votes in a recent vote. “At this point, we’re still concerned that this could result in a one-state recession in Michigan,” Peterson said, adding that the strike is being felt, and will continue to be felt in states like Ohio, Indiana and Wisconsin, states that have a large concentration of automakers and auto-parts suppliers. That worker-impact number does not count strike pay for picketing workers who receive such pay, and it does not include part-time work that some workers may have picked up in recent days, once the UAW allowed picketers to take part-time jobs.Īnd the overall impact may be lessened somewhat by GM’s expected $485 million in potential settlement payments to UAW workers - if the proposed contract is ratified. ![]() “This is going to have a significant impact on the economy when the final numbers come in for the third and fourth quarter,” Peterson said. According to Anderson, GM has shouldered $1.75 billion in operating losses for the strike.Īnd direct wage losses for all employees have reached $989 million. ![]()
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