"UAW Strike Causes Layoffs and Threatens U.S. Auto Industry"

Contract manufacturing supplier CIE Newcor, a subsidiary of Spain-based CIE Automotive, plans to lay off 293 employees in Shiawassee and Lapeer counties due to the ongoing United Auto Workers (UAW) strike against the Detroit 3 automakers. The layoffs are expected to begin on October 2 and could last for a month. The impacted jobs include machine operators at four company plants, and the plants may close indefinitely depending on the duration of the strike. Businesses throughout the supply chain are preparing for the disruption caused by the strike, with smaller suppliers facing a higher risk of financial difficulties.