STLA - 10 Big 3 Auto Suppliers To Watch With UAW On Strike | Benzinga
The United Auto Workers (UAW) union initiated a strike against Detroit's three major automakers following the expiration of their contracts.
The strike, historically unprecedented in its scale, targets Ford Motor Co (NYSE: F), General Motors Co (NYSE: GM) and Stellantis NV (NYSE: STLA).
The core dispute revolves around a wide gap in wage and benefit expectations.
Potential Implications: As attention remains fixated on the Big 3, repercussions of the strike may ripple through the auto suppliers that provide vital components and services to the automakers.
The Biden administration is considering extending emergency financial support to the affected auto suppliers. The exact form of aid is still under discussion, with proposals including potential grants from the Labor Department for impacted workers and preferential loan ...