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Published: Wednesday, October 23, 2019 @ 9:46 AM
By: Thomas Gnau - Staff Writer
— A 38-day strike against GM has been expensive.
A just-released report says that lost worker wages due to the United Auto Workers’ strike against General Motors are approaching $1 billion nationally, with GM’s own losses approaching $2 billion.
The strike continues to affect hundreds of DMAX and Navistar workers in Moraine and Springfield, respectively, as well as many auto dealers and body shops who are grappling with a shortage of inventory and parts.
According to a report from East Lansing, Mich.-based Anderson Economic Group, GM has shouldered $1.75 billion in operating losses for the strike.
And direct wage losses for all employees have reached $989 million.
That may be countered by $485 million in potential settlement payments to UAW workers — if a proposed contract is ratified.
Meanwhile, the strike continues, and it’s unclear when it may end. A UAW Local unit of GM workers in Spring Hill, Tenn., near Nashville, rejected the tentative contract agreement by seven votes in a recent vote.