UAW Strike Against Auto Giants Enters 4th Week, Costing US Economy $5.5 Billion

The UAW strike against Detroit automakers is in its 4th week and has cost the US economy $5.5 billion, topping the previous record of $4 billion in 2019.

Workers have lost $579 million in wages, automakers lost $2.68 billion, dealers/customers lost $1.26 billion, and suppliers lost $1.6 billion.

Over 30% of suppliers have begun layoffs, with more expected in coming weeks. Ford warned 500,000 supplier jobs could be lost.

Around 25,000 of 150,000 UAW workers at Big Three are currently on strike. The union is willing to expand strike nationwide if needed.

UAW President announced a pause on further strike escalations as progress is being made in contract talks with automakers.