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UAW, American Axle Reach Potential Deal
Strike Settled, American Axle Details Layoff Plans This event is older than two weeks and is no longer active. Some links older than 2 weeks could be broken. Report a new related event!
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Pay cuts for production workers from $28 per hour to $18.50, an increase over an earlier one of $17. -Buyout packages of $140,000 to leave the company. -Forge closures in Detroit and Tonawanda, N.Y. -Early retirement offers for senior workers. -Three annual payments to help the transition to lower wages, similar to a 2007 deal between the UAW and auto parts maker Delphi Corp.
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FlagPolish Holocaust hero dies at age 98 Non-core workers, which are those that aren't involved in actual manufacturing, would be paid $14.55 per hour, the person said, while skilled trades workers would get $26 per hour. American Axle confirmed Friday night that both sides had agreed on a deal, but details weren't released.
General Motors Corporation Negotiators from the United Automobile Workers union and American Axle reached the deal on the 81st day of the strike, which began Feb. 26 when about 3,650 workers at five factories in Michigan and New York walked off the job.
The United Auto Workers and American Axle & Manufacturing Holdings Inc (AXL.N: Quote , Profile , Research ) reached a tentative contract agreement late Friday aimed at ending an 11-week-long strike that had triggered thousands of layoffs and cost General Motors Corp (GM.N: Quote , Profile , Research ) at least $1 billion.
A bitter 80-day United Auto Workers strike against an auto parts maker that has crippled dozens of General Motors Corp. factories could be coming to an end soon with a tentative contract agreement reached Friday. Renee Rogers, spokeswoman for American Axle and Manufacturing Holdings Inc., confirmed Friday night that both sides had agreed on a deal, but said she could not provide details.
A person briefed on the talks says the United Auto Workers have reached an agreement with American Axle and Manufacturing Holdings Inc. that could end an 11-week strike. The person spoke on condition of anonymity because details had not yet been presented to union members.
Spokeswoman Renee Rogers says she doesn't have any details of the deal reached late Friday. It's not clear when the agreement will be presented to union members. The walkout by about 3,600 workers at five factories had crippled truck and sport utility vehicle manufacturing at General Motors Corp.
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