About UPI  |  UPI en Español   |   My Account
Free News Update:
United Press International - News. Analysis. Insight.™ - 100 Years of Journalistic Excellence
  • Home
  • Top News
  • Entertainment
  • Odd News
  • Sports
  • Business
  • Science
  • Health
  • Analysis
    • Energy Resources
    • Security Industry
    • Emerging Threats
  • Video
  • News Photos
Search:
Go
Bookmark this Page
You are here:  Home / Business News / American Axle strike could be prolonged

Business News

View archive | RSS Feed

American Axle strike could be prolonged

Published: Feb. 27, 2008 at 5:35 PM
Order reprints  |  Print Story  |  Email to a Friend  |  Post a Comment
Close
Related Stories
  • UAW, American Axle preparing for strike
  • Insourcing back at 'Big Three' automakers
  • GM posts record $38.7 billion loss
  • GM working with UAW on buyout plan
  • UAW ads seek to reintroduce union
DETROIT, Feb. 27 (UPI) -- A United Auto Workers strike against American Axle & Manufacturing Holdings Inc. (NYSE:AXL) in Detroit could be protracted, a union spokesman said Wednesday.

General Motors (NYSE:BGM)' Pontiac Truck and Bus plant, which makes Chevrolet and GMC full-size pickups, was expected to shutdown at the end of the first shift Thursday afternoon, the Detroit Free Press said.

Some 3,600 workers left their jobs at five American Axle plants, at 12:01 a.m. Tuesday morning.

Talks have broken off talks with the two sides "far apart," and the two parties may be settling in for a long strike, the Detroit News reported.

American Axel made a profit of $37 million last year and wants to cut its wage and benefits package to a total of $20 to $30 per hour. They are currently paying $70 per hour, the News reported.

The UAW is demanding the company open its financial records, like General Motors Corp. (NYSE:BGM) and Ford Motor Co. (NYSE:F) did during recent contract talks.

American Axle "provided the union with all the information they are entitled to receive," company spokeswoman Renee Rogers said. But the union disagreed. "We are waiting for the company to respond to our request," said Adrian King, president of the UAW Local 235.

"We are very far apart," he said.

Analysts say General Motors has an up to 4-month backlog of unsold trucks that use American Axel parts.



© 2008 United Press International, Inc. All Rights Reserved.
News Photos Slideshows
Photos of the Day
Week in Photos
News
Entertainment
Sports
Features
Most Popular
Stories
Photos
Videos
1.
Chicago reels in brewer for $20 million
2.
Oil prices drop further Thursday
3.
Crude oil prices fall again Friday
4.
IRS mails batch of stimulus checks
5.
Crude oil prices drop on inventory news
Advertise on UPI.com
Videos
Enlarge Video
Get the Flash Player to see this player.
Veterans and public divided on strategy in Iraq
Friday, July 18
President hopeful about economy
President hopeful about economy
Friday, July 18
Muslim Americans in public service
Muslim Americans in public service
Monday, July 14
Home funerals: Tending to their own
Home funerals: Tending to their own
Thursday, July 3
© 2008 United Press International, Inc. All Rights Reserved. Official_Government_Wires  |   About UPI  |   Site Map  |   Terms of Use  |   Privacy Policy  |   Advertise Online  |   Contact Us

Sponsored Links: College Football Tickets - Wedding and Honeymoon Experts - Auto Dealers - Conventions - Trade Shows - Conferences - Motivational Sports Speakers Bureau - Real Estate Properties in the world