UAW Strikes Lead to Layoffs in US Auto Industry

The ongoing UAW strike against the Detroit Big Three is leading to significant layoffs among US auto suppliers, with nearly 40% of suppliers having already laid off workers. A recent survey by MEMA revealed that layoffs have increased by almost 10% week-over-week, and half of the suppliers who haven't laid off workers yet plan to do so soon. Additionally, over 30% of respondents indicated that it would take them one to three weeks to ramp up production once the strike ends. MEMA is urging the federal government to provide financial assistance to suppliers, recommending a loan/grant program and other measures.