GM Loses Millions Over American Axle Strike
For three months the UAW strike at American Axle has been going on – but now it looks like there might be an end to it. On Friday an agreement was made that states that General Motors will pledge $200 million dollars to get things started again after the plants have been out of commission for so long.
The action itself has reportedly cost GM $800 million, so what’s a few more on top of that to get plants back online? With that logic, the automaker’s managed to shake loose another $18 million to pay for supplemental unemployment benefits, bringing its total commitment to $218 million in hopes of wrapping up the spat with its axle supplier.