I'm wondering which strike in history had the highest cost, whether it's due to the damage caused, the length of the strike, or the overall impact it had on the economy.
5 answers
Margherita
Mon Nov 25 2024
Another example of an expensive strike is the 1969 strike at General Electric. This strike was particularly damaging to the company, with losses totaling $79 million. This highlights the potential financial repercussions of industrial action.
IncheonBeautyBloomingRadiance
Mon Nov 25 2024
In 1990, Greyhound bus drivers went on strike, causing the company to lose at least $20 million. This strike further underscores the potential for strikes to have a major financial impact on businesses.
Martino
Mon Nov 25 2024
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CryptoBaron
Mon Nov 25 2024
The financial impact of strikes can be severe, and businesses must often take steps to avoid or minimize the disruptions caused by industrial action. This may involve negotiations with unions, implementing contingency plans, or seeking legal action to resolve disputes.
WhisperVoyager
Mon Nov 25 2024
The history of strikes has seen some incredibly costly incidents. One notable example is the 1946 strike at Hawaiian sugar plantations. This strike had a significant impact on sugar producers, costing them a staggering $15 million.