Celebrating 10 Years of Trusted News Discovery
One News Page
> > >

GM faces mounting losses amid labor strike

Video Credit: Reuters Studio - Duration: 01:26s - Published < > Embed
GM faces mounting losses amid labor strike

GM faces mounting losses amid labor strike

Talks between GM and the United Auto Workers were set to continue on Tuesday to resolve a strike by 48,000 hourly workers that shut down GM’s highly profitable U.S. operations.

Yahaira Jacquez reports.


GM faces mounting losses amid labor strike

Union workers manned picket lines outside General Motors facilities across the country Tuesday (September 17) in an ongoing nationwide strike that could cost the company up to $50 million a day.

That's according to an estimate by RBC Capital Markets.

(SOUNDBITE) (ENGLISH) TONY MANN, PRESIDENT OF UAW, LOCAL 668 SAYING: "We bailed out general motors in their time of need.

Now it's time for general motors to return the favor and start giving back." The United Auto Workers' roughly 48,000 members went on strike Monday after the union said contract talks hit an impasse.

(SOUNDBITE) (ENGLISH) STEVE SAUVAGEAU, GM WORKER IN FLINT, MICHIGAN: "We're just looking for a fair deal," The union wants to stop GM from shutting down a factory in Lordstown, Ohio and an assembly plant in Detroit.

It's also demanding higher pay for workers after years of record profits.

But GM says plant shutdowns are necessary responses to market shifts and that UAW wages and benefits are expensive compared with non-union auto plants in southern U.S. states.

U.S. President Donald Trump weighed in on the strike and said he doesn't wants GM to build plants outside the U.S. (SOUNDBITE) (ENGLISH) U.S. PRESIDENT DONALD TRUMP SAYING: "They built many plants in China ane Mexico and I don't like that at all." The union and General Motors are continuing to talk as the strike drags on.

You Might Like

Tweets about this

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.