A survey conducted by MEMA Original Equipment Suppliers recently uncovered an increase in layoffs in the manufacturing sector, at least partially due to ongoing strikes between the United Auto Workers (UAW) and major U.S. auto manufacturers.
MEMA reports vehicle suppliers employ more than 900,000 workers, over six times more than the 146,000 UAW Detroit Three autoworkers. Additionally, suppliers contribute 2.5% of the U.S. Gross Domestic Product (GDP) and operate in all 50 states.
In its survey conducted Oct. 9-11, MEMA uncovered the following:
MEMA continues to assert the importance of federal action to support the essential U.S. supplier base and to work with the White House to develop a plan to provide financial assistance for smaller suppliers. MEMA says the output of these suppliers, often Tier 2 or lower, is critical to the ongoing viability of the entire supply chain.
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MEMA states it recommends the federal government immediately initiate:
MEMA Original Equipment Suppliers will continue to survey vehicle suppliers each week and share critical information from the results. MEMA says 54 suppliers responded to last week's poll.
