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First auto supplier plans layoffs related to UAW strike
Machine operators at four company plants, including CIE Newcorp and Machine Tool and Gear Inc., face potential layoffs due to the ongoing UAW strike.
The impacted plants, located in Corunna, Owosso, and Clifford, could close indefinitely depending on the duration of the strike.
Other businesses in the supply chain are also preparing for disruptions and potential layoffs, with larger suppliers projecting significant financial losses.
The strike’s impact extends beyond the targeted plants, affecting Ford, Stellantis NV, and General Motors assembly plants.
First auto supplier plans layoffs related to UAW strike
As the UAW strike continues, machine operators at several auto company plants are facing potential layoffs. The plants, including CIE Newcorp and Machine Tool and Gear Inc., may be forced to close indefinitely if the strike persists. This work stoppage is not only impacting the targeted plants but also causing disruptions and potential layoffs throughout the supply chain. Larger suppliers are projecting significant financial losses, while smaller suppliers are at risk of financial ruin. The strike is also affecting assembly plants for major automakers such as Ford, Stellantis NV, and General Motors.
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