UAW Strike Against Automakers Enters 5th Week, Resulting in Nearly 5,000 Layoffs and $5.5B Economic Loss
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Nearly 5,000 autoworkers have been laid off since the UAW strike against GM, Ford, and Stellantis began 4 weeks ago.
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The automakers say they have no choice but to reduce production and lay off workers due to the strike impacting their supply chain.
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The UAW is demanding higher wages, better benefits, and more job security protections. Talks are continuing but no end to the strike is in sight.
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GM has reached a deal to end a strike in Canada, but UAW talks in the U.S. are still ongoing.
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Economists estimate the strike has so far cost the U.S. economy $5.5 billion in lost wages and production.