thanks to progress in their talks. A selective truce might help labor’s rainy-day fund last longer. Shutdowns threaten far more pain for the automakers holding out.
Dividing and conquering makes sense. If the UAW's 146,000 members all downed tools, their $500 a week in Cash flow would be a bigger issue. The strike four years ago ate away $5.4 billion at GM. That would devour three-quarters of the cash the company’s automotive operations are supposed to throw off this year. Plus, it has nearly $30 billion in short-term bills to start paying off soon.
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