Layoffs, work stoppages mount in UAW strike against Big Three

foxbusiness.com:

Federated Hermes CIO of Equities Stephen Auth joined ‘Mornings with Maria’ to discuss the U.S. economy as high oil prices start to raise concerns about sticky inflation.

The United Auto Workers (UAW) strike against the Big Three automakers is causing layoffs to mount as the companies deal with supply chain disruptions and control costs while negotiations play out.

The UAW strike entered its seventh day on Thursday in what is the union’s first strike simultaneously targeting each of Detroit’s Big Three automakers — Ford, General Motors and Stellantis. About 12,700 workers at a trio of facilities operated by the Big Three went on strike last Friday in the initial wave of walkouts. 

The strike has triggered layoffs and work stoppages at those facilities in the automakers’ supply chains, and UAW President Shawn Fain has warned that further strikes will be announced if negotiations do not yield sufficient progress by Friday.

UAW leaders are running what the union calls a «stand up strike,» in which specific locals are asked to go on strike at their facilities. The union has said that strategy will give it flexibility in escalating the strike incrementally up to a potential nationwide strike if negotiations do not deliver sufficient progress in its view, and will make it harder for the auto companies to predict its next move. 

A request for comment from the UAW was not returned prior to publication.

United Auto Workers members and supporters appear on a picket line outside the Ford Motor Co. Michigan Assembly plant in Wayne, Michigan, on Wednesday. (Emily Elconin/Bloomberg via Getty Images / Getty Images)

TESLA COULD BE A WINNER IN THE UAW STRIKE AGAINST DETROIT’S BIG THREE

Here is a look at the layoffs and work stoppages