Wall Street is carefully watching for the United Auto Workers' new deal with the Detroit automotive giant.
49,000 General Motors workers went on strike this week, after contract negotiations between the automaker and the United Auto Workers labor union. Analysts at JPMorgan estimate that the strike could cost GM up to $75 million every single day. The new contract will set a precedent as the UAW begins negotiations with the other major automakers soon. Visit Business Insider's homepage for more stories.
49,000 General Motors workers went on strike this week, after contract negotiations between the automaker and the United Auto Workers labor union. Analysts at JPMorgan estimate that the strike could cost GM up to $75 million every single day. The new contract will set a precedent as the UAW begins negotiations with the other major automakers soon. Visit Business Insider's homepage for more stories.
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