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UAW Walkout Costs Chrysler About $300M in Lost Production

HeadlineMay 08, 1997

During negotiations to end a lengthy strike by workers at an engine plant, Chrysler Corporation insisted it would not relinquish its right to farm out production jobs to an independent supplier. Chrysler apparently got what it wanted, but at a hefty price. Industry analysts estimate a 28-day walkout by the United Auto Workers will cost the company about $300 million in lost production.

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