DETROIT (AP) — General Motors Corp. 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.
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.
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.
The strike has crippled GM’s production of pickup trucks and sport utility vehicles.
American Axle spokeswoman Renee Rogers says negotiations with workers are continuing.
Local News
May 8, 2008
GM to pay $200M to end Axle strike
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Entire U.S. 31 corridor now under contract
Every segment of the 13.1-mile, U.S. 31 Kokomo Corridor is now officially under construction.
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Northwestern to graduate 130 seniors
Peyton Hite ended her last day in high school by going home and washing sheep.
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Drugs, cash seized, four arrested
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Lafayette job fair expects Kokomo hopefuls
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Governor honors student
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Taylor considering staff reductions
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Tri-Central Middle/High School, Eastern Junior-Senior High School and Tipton High School all made the list, which was an evaluation of 379 high schools across the state.
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Thursday, social media-conscious library patrons scrambled to borrow the tablet computers, on the first official day of the library’s iPad lending program.
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Gov. names NW student 'Mr. Science' for 2012
Tyler Barnes becomes first Indiana student to be named Indiana's Top Young Scientist and Mr. Science.
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