General Motors Co Says Puts Q3 UAW Strike Cost At $200M
Portfolio Pulse from Benzinga Newsdesk
General Motors Co has estimated the cost of the Q3 UAW strike at $200 million, according to Reuters News.
October 04, 2023 | 2:04 pm
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The Q3 UAW strike cost General Motors Co $200 million, which could negatively impact the company's earnings.
The strike led by the United Auto Workers (UAW) has cost General Motors Co $200 million in the third quarter. This significant expense could negatively impact the company's earnings for the quarter, potentially leading to a decrease in the company's stock price in the short term.
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