On Monday, more than 49,000 United Auto Workers went on strike against GM .
The previous strike by UAW members against GM in 2007 lasted only 17 hours and therefore did not have a major impact on production.
Story continues below Avery Shenfeld, the chief economist of CIBC Capital Markets, explained to Global News that any effects on Canada largely depend on how long the strike lasts.
While it’s difficult to know the effects this particular strike will have, Shenfeld added that production of vehicles is closely enough related between Canada and the U.S. that the effects could potentially be felt quite soon.
The previous strike by UAW members against GM in 2007 lasted only 17 hours and did not have a major impact on production.
“GM Canada’s plants are part of an integrated NA manufacturing supply chain,” the statement read. “We will continue to monitor the situation closely for any impact to our Canadian operations. We do not comment on negotiations.”
Unifor, the union that represents Canadian GM workers, stood by its American counterparts in a statement Sunday
GM said Sunday it offered pay raises and US$7 billion worth of U.S. factory investments resulting in 5,400 new positions, a minority of which would be filled by existing employees.Read more: Globalnews.ca
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