The non-stop strike at General Motors is assessed to have hit 150,000 labors in the car business, a report from research and counseling firm Anderson Economic Group (AEG) appeared on Tuesday.
The strike at the No.1 U.S. carmaker started on Sept. 16, with its 48,000 individuals from the United Auto Workers (UAW) association looking for more significant compensation, more prominent professional stability, a greater portion of the automaker's benefit and protection of healthcare benefits.
Around 75,000 employees of car parts suppliers have either been incidentally laid off or have seen their wages shrivel because of the decrease in demand from GM, as indicated by the AEG report.
The research firm gauges that the strike has brought about a $660 million benefit hit for GM and more than $412 million direct wage losses for all employees through the third week of the strike.
It has additionally prompted $155 million in lost federal income and payroll tax revenue and $9.1 million in lost Michigan income tax revenue.
A New York Times article features the individual expenses of the strike and gives more numbers to show the expenses. 1,200 truckers and production workers from suppliers in Flint, Michigan lost their occupations. The local economy there has endured a shot, with fewer clients in restaurants. Indeed, even suppliers of GM's suppliers have been influenced, with one — Pridgeon and Clay in Grand Rapids — stopping hiring, while another — Stripmatic in Cleveland — has seen its lack of manpower increased, opening up workers for different assignments.
Talks for another four-year labor contract took a "turn for the worse" on Sunday after the UAW dismissed GM's most recent offer, however, the two sides were kept on negotiating.
"We continue to meet with the Company and are still not in agreement on key issues such as wages and healthcare", UAW Vice President and Director Terry Dittes said.