Archive for May 19th, 2008

DETROIT (Reuters) — UAW officials on Sunday urged American Axle & Manufacturing Holdings Inc. workers to ratify a contract that would cut wages by almost 40 percent, shutter three plants and end a three-month-old strike with a subsidy of $218 million from General Motors.

Some 3,650 UAW-represented workers, including almost 1,900 in Detroit, will vote this week on a four-year contract that would cut hourly pay to between $10 and $26 and offer payments of up to $105,000 over three years for workers who remain.

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DETROIT (Reuters) — Union workers at American Axle & Manufacturing Holdings Inc. on Monday began voting a quandary — approve a contentious contract that cuts wages by more than a third, or reject it and risk losing even more.
The UAW and Detroit supplier American Axle reached a tentative contract agreement late on Friday aimed at ending a 3-month-old strike that has idled about 30 plants at …
arrow story  Published: May 19 12:40 pm U.S. Eastern time / Last changed: 5/19/08 4:20 p.m. EDT [REG]

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