GM lost 34,176 units of production due to the UAW strike, in addition to the strike of 4,300 unionized Unifor workers at three plants in Ontario.
About 4,300 union workers went on strike Tuesday at three General Motors plants in Canada, threatening profitable production of large trucks at the largest U.S. automaker.
Unifor announced it would strike at GM’s Oshawa assembly complex, the St. Catharines power plant and the Woodstock parts distribution center, all in Ontario.
Wells Fargo noted that Oshawa is GM’s smallest truck plant, producing about 2,800 trucks per week. GM shares rose 1.7% on Tuesday.
GM said it would continue negotiations with Unifor. The strike adds to the automaker’s headaches in the United States, where it is racking up millions of dollars in daily losses due to the United Auto Workers (UAW) strike that began on September 15.
GM lost 34,176 units of production. According to a Deutsche Bank estimate, fewer vehicles have been used since the UAW strike began. The automaker said last week it had 442,586 vehicles in stock.
Unifor represents approximately 18,000 Canadian workers at Ford, GM and Stellantis, Chrysler’s parent company.
Fountain: Reuters
“Amateur bacon nerd. Music practitioner. Introvert. Total beer junkie. Pop culture fanatic. Avid internet guru.”
