May
08
2008
GM offers American Axle $200 million to end strike
Posted by: Chainsdraging in Auto Manufactures, General Motors, UAW, union, tags: American Axle, General Motors, Strike, UAW
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WP-Gravatar Thomas Morrow a.k.a. Chainsdraging
Teamster Carhauler Local 79
Allied Systems, Tampa, Florida.
Owner and Creator of TheCarhauler Read more from this author
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Money would be used for UAW buyout program
DETROIT — General Motors has agreed to pay $200 million to help with employee buyouts and “buy-downs” to help resolve a crippling strike at American Axle & Manufacturing Holdings Inc.
In a regulatory filing today, GM said the agreement is “predicated upon an expedited resolution to the ongoing strike called by the International UAW against American Axle.”
About 3,650 workers at five … 
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WP-Gravatar Thomas Morrow a.k.a. Chainsdraging
Teamster Carhauler Local 79
Allied Systems, Tampa, Florida.
Owner and Creator of TheCarhauler Read more from this author
