UPDATE 1-Axle sees $398 mln in buyout costs-source

Newswire

(Adds background, share price, byline) By Soyoung Kim DETROIT, May 22 (Reuters) - American Axle & Manufacturing Holdings Inc expects total costs of about $398 million to buy out retiring workers represented by the United Auto Workers and provide "buydowns" in exchange for sharply lower wages, a union official said on Thursday. A union official involved in the negotiations who asked not to be named said that American Axle had provided that estimate during talks that resulted in a ...

Premium Content (PAID Subscription Required)

"UPDATE 1-Axle sees $398 mln in buyout costs-source" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: lwilliamson@wardsauto.com or phone: (248) 799-2642
 

Current subscribers, please login or CLICK for support information.

Already registered? here.

Sponsored Introduction Continue on to (or wait seconds) ×