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Friday, October 27, 2023

Auto strikes to reduce US payrolls count in October

The strikes by the United Auto Workers (UAW) union against Detroit's Big Three car manufacturers could result in a loss of at least 29,000 jobs from U.S. nonfarm payrolls in October, according to government data. The strikes affected assembly plants owned by Ford Motor, General Motors, and Chrysler parent Stellantis, as well as Mack Trucks plants and Blue Cross Blue Shield. The work stoppages have disrupted supply chains, leading to furloughs and layoffs of non-striking workers. The impact of the strikes will likely be seen in a decline in manufacturing employment.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/LkFWHoJ

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