GM has temporarily laid off an additional 1,200 workers today because of the United Auto Workers’ strike. As the strike enters its 2nd week, more than 5,000 workers in total have been furloughed in the U.S. and Canada.
GM said Monday it planned to resume operations at plants that have been hit by the strike "as quickly as possible" once they get a deal.
Tracy Fuerst, a spokeswoman for Magna, declined to say how many workers have been temporarily laid off. The company employs about 170,000 people globally, according to its 2018 annual report. She said some divisions have been able to "offer training and/or conduct maintenance and inventory to help mitigate the downtime in the short term."
Citigroup, in a note to investors last week, mentioned Magna as well as American Axle, Lear and Aptiv as being suppliers that would be most impacted by the strike. Representatives for the other companies did not respond to numerous emails or phone calls.after the two sides failed to reach a deal by a Sept. 14 deadline. It is the union's first national strike against the automaker since a two-day work stoppage in 2007 and the longest national strike since the 1970s.
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