Thread regarding General Motors layoffs

UAW strikes lead to pain, bankrupcy at suppliers

Here's one of the first prominent supplier bankruptcies due to plant closures:
Michigan auto supplier files for bankruptcy
https://americanmilitarynews.com/2023/11/michigan-auto-supplier-files-for-bankruptcy/

"Auburn Hills, Michigan, auto supplier Unique Fabricating Inc. has filed for bankruptcy despite the financial assistance customers General Motors Co. and Stellantis NV recently provided.

The company, which makes multi-material foam, rubber and plastic components, filed for Chapter 7 bankruptcy on Wednesday. It claims to have between 1,000 and 5,000 debtors and liabilities of $10 million to $50 million with the same value in assets, according to the filing."

915 full-time employees will be filing for bankruptcy on Monday morning.
More American suppliers will be going bankrupt in the coming days. But at least some people will get their "fair share". You can be assured that there are likely several Chinese suppliers ready to fill the gap. Thanks UAW.

by Anonymous
| 1282 views | | 5 replies (last November 16, 2023) | Reply
Post ID: @OP+1pyBrhk9
Comment! It's anonymous!

5 replies (most recent on top)

https://youtu.be/rbF1eZZASMk?feature=shared

by Anonymous
| | Reply
Post ID: @4qla+1pyBrhk9

The middle class is priced out.

All the car companies are depending on the customer who can afford an 80k-100k vehicle.

And there aren't a lot of them. Once they buy a car, they won't need another one for 5 years and the pool of those customers who can afford those cars and wants to buy one gets smaller.

by Anonymous
| | Reply
Post ID: @2rde+1pyBrhk9

All suppliers are well aware of approaching union strikes and contract expiration dates and have years to plan for it. Planners will succeed. The Auto industry as a whole seems to be struggling to sell their products due to unaffordability and too much focus on evs. Common buyers are fleeing. This is the core problem and NOT a brief UAW strike.

by Anonymous
| | Reply
Post ID: @2gmw+1pyBrhk9

@1khi+1pyBrhk9

Without Wall Street investors, there would be no GM. No UAW. You wouldn’t have a job. That makes you the parasite. You subsist on the resources of the men and women who buy shares in GM stock.

by Anonymous
| | Reply
Post ID: @1ljh+1pyBrhk9

915 full-time employees will be filing for bankruptcy on Monday morning.
More American suppliers will be going bankrupt in the coming days. But at least some people will get their "fair share". You can be assured that there are likely several Chinese suppliers ready to fill the gap. Thanks UAW.

no, thank the skilless parasites on wall street

by Anonymous
| | Reply
Post ID: @1khi+1pyBrhk9

Post a reply

: