Wall RSS FeedUAW urges adoption of Axle deal to angry workers
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.
