The UAW Strikes General Motors: What It Means for Investors
The United Auto Workers labor union (UAW) went on strike against General Motors (NYSE: GM) at midnight on Monday, sending 46,000 UAW-represented GM workers to picket lines at GM factories in the United States.
It's the first nationwide strike by the UAW against an automaker since 2007. The UAW's leadership voted to authorize the strike after its four-year contract with GM expired on Saturday -- and after negotiations with GM over a new contract reached an impasse.
For investors in GM and the other U.S. automakers with UAW-represented workers, the strike raises some big concerns. Here's a look at what's driving the strike and how it's likely to affect GM's bottom line (and its stock) as it unfolds.
Source Fool.com
