Tower Automotive Inc. reportedly wins U.S. Bankruptcy Court approval for proposed pay and benefit reductions at four plants in Elkton and Clinton, MI; Bluffton, OH; and Milan, TN. Savings from the cuts are expected to total about $5.4 million annually. The decision, which affects workers represented by the United Auto Workers and United Steelworkers unions, brings the Novi, MI-based company’s savings from restructured labor agreements to about $31 million, The Detroit News says. BorgWarner ...
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