'The longer it lasts, the more it will be felt in GM's earnings profile,' Credit Suisse analyst Dan Levy wrote in a client note.
General Motors dropped as much as 3.6% on Monday as the United Auto Workers union kicked off its first strike against the company in 12 years. The strike could cost GM as much as $50 million per day in earnings as production slows, Credit Suisse analyst Dan Levy said in a client note. UAW members are looking to improve healthcare benefits and earnings, with a focus on temporary hires who do similar work as full-time employees.
General Motors dropped as much as 3.6% on Monday as the United Auto Workers union kicked off its first strike against the company in 12 years. The strike could cost GM as much as $50 million per day in earnings as production slows, Credit Suisse analyst Dan Levy said in a client note. UAW members are looking to improve healthcare benefits and earnings, with a focus on temporary hires who do similar work as full-time employees.
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