America, the world’s largest economy, is facing a different kind of problem these days. Workers have been on strike in many big American companies for a month. Now, the effect of this strike is visible outside America, and many companies worldwide are feeling the impact on their work.
This Fear Is Haunting The Analyst
A Reuters report quoted an analyst as saying that if the ongoing strike in American companies does not end soon, it could have a terrible impact on various companies worldwide. In America, the strike has already affected many companies from different sectors.
Loss Of 7 Billion Dollars So Far
Let us tell you that Detroit is known as an auto hub. The workers of three big auto companies have been on strike there for about a month. Trade union United Auto Workers, or UAW, has called for this strike. This strike has continued for 36 days. It is feared that due to the strike, there has been an economic loss of more than 7 billion dollars so far.
These Companies Expressed Apprehension
Talking about the strike’s impact, American airline Delta Airlines became the first big company to become its victim. The company has said that the ongoing strike in Detroit has significantly impacted its business. Paint and coating company PPG Industries feared the strike may affect its profits. Railroad company Union Pacific has also expressed fear of loss.
Visible Effect On Them
Auto companies General Motors, Ford Motor and Stellantis are most affected by this strike. Many workers supplying parts to these three companies are part of the strike. Apart from them, trucking firms are also facing difficulties. More than 34 thousand employees of these companies are participating in the strike. Now, there is a possibility that due to this strike, the functioning of other automobile and aviation companies of the world may also be affected.
