GM Strike Update: Another Round Of Layoffs Hit Autoworkers
Now in its fourth week, the United Auto Workers’ strike wages on against General Motors (GM), reportedly creating more layoffs, which adds to the more than 10,000 workers that have already been furloughed.
On Monday, GM laid off another 415 workers at a transmission and engine factory in Ramos Arizpe, Coahuila, Mexico, because of the strike in the U.S., a company spokesperson told CNBC.
This is the second plant in Mexico that has been affected by the UAW strike, with the first being a Chevy Silverado and GMC Sierra 1500 pickup truck plant, the news outlet said. A total of 6,000 workers were temporarily laid off from the plant last week.
GM has also cut jobs in Canada, citing the inability to get parts from its U.S. factories. A total of 1,200 employees were furloughed at the time from an assembly plant in Oshawa, Ontario, Canada.
Shares of GM stock were down 0.20 percent as of 2:42 p.m. ET on Monday.
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