Stocks set to plunge

The Big Three automakers within the United States will maintain their factories within the nation open for now — albeit with new restrictions in place to safeguard employees from the novel coronavirus.

Ford (F), General Motors (GM) and Fiat Chrysler Automobiles agreed Tuesday evening to “rotating partial shutdowns” of their factories, in keeping with United Auto Workers.

The union added that the automakers can even deep clear their services and tools when employees swap shifts, and prolong the size of time between shifts.

The announcement is a compromise between the union and the automakers. The UAW earlier referred to as on the businesses to shut down their US factories entirely for two weeks as a solution to “safeguard our members, our families and our communities.”

Read more here.

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