This came through in the early hours, a release for forward, not signed and sealed but it would seem tough negotiations have ended in an agreement. Good morning. Thank you for having me. This is good for the workers, this deal, because it is a 25 Wage Increase for workers, a Reference Point for the other Car Companies that are still striking and i think there is a lot of pressure to negotiate with workers and come up negotiate with workers and come up with a deal because the financial cost to the company to simply huge. We originally had the Third Quarter results from General Motors and they say the strikes so far have cost 800 million, a big hit in their profitability and the overall estimate for the strikes so far is nearly 2 billion. It is costing. Absolutely, they had to try to come to some agreement quickly. As you say, it was costing these car makers huge sums of money. Also installing production, impacting supply of new cars, at a time when the us economy is really trying to get
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Royalties Inc. reports its results for the year ended December 31, 2023. Amounts are stated in US dollars unless otherwise stated.This news release should be read in conjunction with the Company s.
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