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^ Top   #1   05.28.2008

Cybergal Trucker Forum STAFF   Member Since: Jan 2006 Location: USA Trucker? Trucking Industry Posts: 20,269 My Trucking Photos: 27 Thanks: 1,292 Thanked: 975 Times My Truckers Blog : 13

American Axle expects to cut 2,000 US factory jobs American Axle expects to cut 2,000 US factory jobs 5/28/08 Quote: DETROIT - American Axle and Manufacturing Holdings Inc. said Wednesday it will cut more than half of its U.S. hourly work force, or 2,000 jobs, through early retirement and buyout offers, plant closures and layoffs. The moves were made possible by a new contract ratified last week by the United Auto Workers union that came after a nearly three-month strike against the auto parts maker. The company said its total hourly labor costs would drop to between $30 and $45 from $73.48 under the old contract. The cost will vary by factory because they have different wage and benefit costs. About 3,650 UAW workers went on strike against the company on Feb. 26, but ratified a contract with deep concessions on Thursday. The bitter strike crippled General Motors Corp.'s production of pickup trucks and big sport utility vehicles, and it took a contribution of $215 million from the automaker to end a stalemate between the union and American Axle. http://news.yahoo.com/s/ap/20080528/...ADq4iQRCes0NUE __________________ The Truckers Report Merchandise

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^ Top   #2   05.28.2008

woodstock36 Heavy Load Member   Last Seen: 5 Days Ago 10.03 PM Member Since: May 2008 Location: NY Trucker? Trucker Wife Age: 37 Posts: 710 My Trucking Photos: 0 Thanks: 204 Thanked: 103 Times

More work for China and Mexico, and whoever else, just as long as its not here! __________________

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