Up to 70% of vehicle suppliers expect some layoffs if the strike continues through October.
The most recent survey from MEMA Original Equipment Suppliers reveals the impact on the vehicle supply base from the ongoing strike between the UAW and Detroit’s Big Three manufacturers.
The survey, collected from October 9 – 11, 2023, revealed:
- Layoffs have increased by nearly 10% week-over-week with 39% of surveyed vehicle suppliers now having laid off a portion of their direct labor employees.
- Of the suppliers who have not begun layoffs, half indicated they will begin laying off direct employees the week of October 30.
Subscribers need to be logged in to see rest of this article. Please Login to access. If you're not a subscriber, click here for information on our satisfaction guaranteed subscription options.