Auto Workers' Strike Puts Small Suppliers at Risk With Heightened Financial Strain

Leases & LoansMoney Matters
Written By Jennifer Joslyn

The ongoing United Auto Workers' strike against major automakers is significantly impacting small suppliers, with some at risk of shutting down due to the disruption. These suppliers, already grappling with the aftermath of the COVID-19 pandemic and semiconductor shortages, are experiencing heightened financial pressure, leading to concerns about meeting payroll and retaining workers amid layoffs. Larger suppliers and automakers may have the resilience to endure the strike, but smaller companies, especially those with revenues under $200 million, are requesting governmental aid in the form of low-interest loans to navigate through these challenging times and rapidly restart operations once the strike concludes.

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Jennifer Joslyn
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