A United Auto Workers (UAW) union member wears a pin while picketing outside Ford’s Kentucky truck plant after going on strike in Louisville, Kentucky, U.S. October 12, 2023. REUTERS/Luke Sharrett/File Photo Acquire Licensing Rights
Oct 20 (Reuters) – Businesses ranging from airlines to auto parts makers are starting to feel the heat from the month-long strike by hourly workers at the Detroit Three automakers, with analysts warning that the financial hit could increase if the walkout does not end soon.
With the United Auto Workers (UAW) strike entering its 36th day and the total economic cost pegged at more than $7 billion, companies are counting the cost of lost revenue amid an uncertain economy and persistent inflation.
“The damage from the strikes will last long after UAW members return to work,” University of Michigan professor Erik Gordon said.
Workers will also be careful about…
