Yahoo Finance
•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".
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