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Auto suppliers say if UAW strikes expand to more plants, it could mean the end for many

Yahoo Finance
Summary
Nutrition label

79% Informative

UAW President Shawn Fain announced a new strike deadline of this Friday at noon .

A broader and prolonged strike would mean parts suppliers couldn't keep production going if the vehicle assembly plants that use their parts are idled.

A component maker in Michigan , CIE Newcor , warned it may have to lay off 293 people.

Unifor is extending negotiations for a 24-hour period with Ford .

The union has advised more than 5,600 members at Ford facilities in Canada to prepare for all scenarios, including a strike.

The state of the supply chain is delicate because it has had to recover from the COVID-19 pandemic, then a massive shortage of semiconductor chips used in a variety of car parts.

Magna International : "We are prepared in terms of temporarily scaling back production on affected programs as efficiently as possible" At Cascade Die Casting Group , Green said the company makes parts for the Detroit Three's SUVs and pickups.

Harbour: "Every day or week that goes by you could see more and more layoffs".

VR Score

80

Informative language

79

Neutral language

36

Article tone

semi-formal

Language

English

Language complexity

45

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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