GM can withstand losses of UAW strike — because of what it stands to gain

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USA Today — UAW Local 598 members sing during 50th anniversary of 1969 strike at Fisher Body Plant 2 in Flint while remembering he longest strike in GM history. Ryan Garza, Detroit Free Press

Some analysts estimate the UAW’s nationwide strike against General Motors has cost the company about $1 billion so far.

But GM can withstand the financial losses because of what it stands to gain with a new UAW contract: a deep discount to labor costs.

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