Industrials Up Amid Wage, Layoff Friction — Industrials Roundup
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Dow Jones
Shares of industrial and transportation companies rose, but not by as much as the broad market, amid factory layoffs and labor disputes.
Jet-fuselage supplier Spirit AeroSystems is laying off 400 to 450 workers at its Wichita, Kan., factory as the company grapples with a production slowdown at Boeing, its biggest customer.
The United Auto Workers suffered a setback as workers rejected unionization at a large Mercedes-Benz plant in Alabama, following a poll of roughly 5,000 workers.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
May 17, 2024 17:50 ET (21:50 GMT)
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