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March 8, 2021
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American Axle expects to cut 2,000 factory jobs
(2008-05-28)
(wgvu) - DETROIT (AP) - American Axle and Manufacturing Holdings Inc.
says it will cut more than half its U.S. hourly work force, or
2,000 jobs.
The auto parts maker says today the cuts will come through early
retirement and buyout offers, plant closures and layoffs.
The moves have been made possible by a new contract ratified
last week by the United Auto Workers union. That deal came after a
nearly three-month strike against the company.
American Axle began bringing its factories back on line this
week.
American Axle says its total hourly labor costs would drop from
$73.48 before the new contract to between $30 and $45. The cost
will vary by factory because they have different wage and benefit
costs.
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