American Axle & Mfg. Holdings Inc., in a U.S. filing, says it will eliminate about 15% of its 2,000 salaried positions and reveals it has an agreement with the United Auto Workers union to pay new hires $27 per hour in wages and benefits, down from about $66 hourly for current UAW workers, Bloomberg News reports. Johnson Controls Inc. reportedly will turn over four of its North American plastics parts plants to Plastech Engineered Products Inc., which will use the facilities to ...
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