General Motors CEO Barra Says Company Seeking To Avoid Strike Telling Employees "Remember: We Had A Strike In 2019 And Nobody Won"
Portfolio Pulse from Benzinga Newsdesk
General Motors CEO, Barra, has communicated to the company's employees that they are seeking to avoid a strike, reminding them of the 2019 strike which was not beneficial to anyone.

September 14, 2023 | 6:44 pm
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General Motors is actively trying to avoid a strike, which could potentially disrupt operations and negatively impact the company's stock.
Strikes can lead to halted production, delayed deliveries, and increased costs, all of which can negatively impact a company's financial performance and, consequently, its stock price. Given that GM's CEO is actively trying to avoid a strike, it indicates that there is a potential risk of a labor dispute, which could negatively impact the company's stock in the short term.
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