Source Pravda.Ru

American Axle & Manufacturing to cut 2,000 jobs

American Axle & Manufacturing, Inc. (NYSE: AXL) is going to cut 2,000 jobs in view of some economic difficulties and under the new contract.

A manufacturer of automobile driveline, drivetrain, electronic integrated power units and chassis systems, as well as metal formed products, explained that the majority of cuts would come through buyout and early retirement offers, although there would be some involuntary layoffs.

The company plans to close its forge operations in Detroit and Tonawanda, N.Y., and it will idle parts of two other plants in Detroit and Three Rivers, Mich. It also plans to move some of the business from the plants to lower-cost subsidiaries in Michigan and Ohio, and to operations in Mexico.

This campaign gains power thanks to recently ratified contract following a nearly three-month strike against the auto parts maker.

On February 26, 2008, approximately 3600 American Axle employees went on strike to protest a proposed wage and benefit cut by the company's management. The proposal was to reduce workers' hourly wage from $28 to $14 and cut benefits. Both parts achieved agreement.

The new contract implies the reduction of labor costs between $30 and $45 from $73.48 under the old contract.

Photo: laborupfront.blogspot.com

Ukrainian bloggers draw a parallel between the events in East Timor and the Crimea. Any comparison has a right to exist, but a detailed analysis of the situation does not give a promising forecast to Ukraine

Ukraine dreams of what it can do to Crimea after winning war with Russia
Comments
The Sham called Democracy
Aretha Franklin: A colossus, a woman, a lady, a light and a soul
The Sham called Democracy
The insane idea in Germany: "pedophilia normal love"
Putin in Austria: Europe doesn't like Russia very much, but it is fed up with USA too
Putin in Austria: Europe doesn't like Russia very much, but it is fed up with USA too
Putin in Austria: Europe doesn't like Russia very much, but it is fed up with USA too
Putin in Austria: Europe doesn't like Russia very much, but it is fed up with USA too
The Sham called Democracy
The Sham called Democracy
The end of the theory of a Nobel Prize in chemistry?
Aretha Franklin: A colossus, a woman, a lady, a light and a soul
Russia to respond with military-strategic blow to new USA's sanctions
Putin in Austria: Europe doesn't like Russia very much, but it is fed up with USA too
Putin in Austria: Europe doesn't like Russia very much, but it is fed up with USA too
Peculiarities of Russian sex
Russia must build strong Orthodox coalition in Europe to defeat the West
Ukraine dreams of what it can do to Crimea after winning war with Russia
Putin in Austria: Europe doesn't like Russia very much, but it is fed up with USA too
Putin in Austria: Europe doesn't like Russia very much, but it is fed up with USA too
Aretha Franklin: A colossus, a woman, a lady, a light and a soul