"GM and Ford Cut 500 Jobs Amid Strike Troubles"

1 min read
Source: CNN
"GM and Ford Cut 500 Jobs Amid Strike Troubles"
Photo: CNN
TL;DR Summary

General Motors and Ford are laying off 500 more workers due to the expansion of the strike announced by the United Auto Workers union. GM is laying off 164 workers at stamping plants in Ohio and Indiana, while Ford is laying off 330 workers at its Chicago Stamping Plant and Lima Engine Plant. The UAW is already paying strike benefits to its members, and the automakers have lost an estimated $1.1 billion during the strike, with suppliers, dealerships, and customers also experiencing significant losses.

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