TECH - UAW's Six-Week Strike Proves To Be A Mere Hiccup For Jeep's Hometown Toledo | Benzinga
The recent six-week-long United Auto Workers (UAW) strike at the Stellantis (NYSE:STLA) assembly plant in Toledo, Ohio, home to its subsidiary Jeep since World War II, had a minor impact on the local economy.
According to a report by The Wall Street Journal, while the strike caused reduced spending by workers, Toledo’s economy remained largely unaffected. Paul Hong, a professor at the University of Toledo, noted that the city’s economy has diversified over the years and is now less dependent on automaking.
The strike which began on Sep.15, saw several thousand Toledo workers participating. A new contract was tentatively agreed upon with Stellantis, Ford Motor (NYSE:F) and General Motors (NYSE:GM) over the weekend, ending the strike.
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