- The auto supplier trade organization on Tuesday said it is aware of more than 100 supplier companies “enacting some form of temporary layoffs” of up to 12,000 U.S. salaried and hourly employees.
- About 48,000 UAW members have been on strike and picketing outside GM’s U.S. facilities since Sept. 16.
- The impacted supplier workers add to the more than 10,000 non-UAW employees with GM to be impacted from the strike in North America and thousands more in the Canadian and Mexican supply chain. Source CNBC
China’s economy grew by double digits in the latest quarter but an explosive rebound from the coronavirus pandemic is slowing abruptly as manufacturing and consumer spending return to normal. Source AP
It finally happened, that glorious moment, when, after teetering on the verge for weeks – for reasons we’ll get into shortly – the incredibly spiking US gross national debt, after kissing the line a couple of times for a moment, finally, and suddenly by a big leap, jumped over the $28-trillion mark, with a $143-billion leap in one day on Wednesday, March 31, following some big Treasury sales. Source Wolfstreet
The Russian Akademik Cherskiy vessel has arrived at the construction site to lay pipes for the Nord Stream 2 gas pipeline project, Nord Stream 2 AG, project operator company, told reporters. Source Tass
