GM to pay up to $200M to help end American Axle strike

GM to pay up to $200M to help end American Axle strike

Story Published: May 8, 2008 at 3:47 PM EDT

Story Updated: May 8, 2008 at 3:47 PM EDT

By Web Admin

DETROIT, MI AND FORT WAYNE, IN (Indiana's NewsCenter) --- It will be seen as good news for workers at Fort Wayne's GM assembly plant -General Motors Corporation says it will pay up to $200-million to help bring an end to a crippling labor dispute at parts supplier American Axle and Manufacturing Holdings Inc.

About 3,600 workers at five American Axle factories have been on
strike for more than nine weeks because the company wants to cut
their wages and benefits. That strike has forced GM to shut down procution lines across the country because of a parts shortage.

The automaker said Thursday in a government filing that the
money would go to subsidize lower wages for striking workers, and
for employee buyout and early retirement packages.

American Axle spokeswoman Renee Rogers says negotiations with
workers are continuing.

The Fort Wayne plant had been closed for several weeks before bringing back one shift, and currently has two of its three shifts at work.



(Copyright 2008 by The Associated Press. All Rights Reserved.)

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