American Axle strike causes GM to idle four truck plants
Unlike the strikes levied by the UAW against GM and Chrysler during contract negotiation talks last year, the current strike against American Axle is no token bargaining tool that will end before the paint on the picket signs is dry. Despite that, it does give GM an opportunity to lower its inventory of unsold trucks and SUVs, so for the time being the giant automaker isn't panicking. The strike has the potential to wane on, however, considering that the UAW is deeply committed to fighting against a proposed cut that would trim American Axle's hourly labor costs from $70 to between $20 and $30. The supplier wants to recoup its $3 billion investment in its plants, but the workers are fighting to ensure that it's not at their expense.
[Source: Automotive News, Photo by Bill Pugliano/Getty]
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