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 …  story 

This entry was posted on Thursday, May 8th, 2008 at 6:25 pm and is filed under Auto Manufactures, General Motors, UAW, union. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.