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Last updated 4:27PM ET
March 7, 2021
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GM to pay up to $200M to help end American Axle strike
(wgvu) - DETROIT (AP) - General Motors Corp. has agreed to kick in up to
200 million dollars to help end a 10-week strike at American Axle
and Manufacturing Holdings Inc.
The Detroit automaker says today in a government filing that the
money would go for temporary payments to buffer reduced wages for
the auto parts supplier's workers, and employee buyout and early
retirement packages.
About 3,600 United Auto Workers at five American Axle factories
have been on strike since February 26th in a wages and benefits
About 30 GM factories have been either fully or partially closed
due to the strike.
An American Axle spokeswoman says talks with the union are
The Associated Press has left a phone message seeking comment
from the UAW.
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