G.M. will lose $600M due to strike by week's end

Posted at 4:49 AM, Oct 03, 2019
and last updated 2019-10-03 05:23:49-04

(LEX 18) — General Motors will soon lose $600 million in profits by the week's end because of the ongoing strike affecting several states, including Kentucky. This is according to data from a consulting firm.

The Anderson Economic Group warned that G.M. could lose $90 million a day if the strike continues.

Members of the United Automobile Workers Union have been striking for three weeks.

But, G.M. said the company's bottom line is not the only thing being hit hard by the strike.

G.M. reported more than 9,200 workers in the United States, Canada and Mexico are being impacted by the picket lines.