WIN Week In Review March 28-30, 2008
28th March 2008
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Loading ...WIN Week In Review March 28-30, 2008
By Doug Cunningham
If the UAW strike at American Axle doesn’t end soon, GM will be forced in April to shut down the first auto plant shuttered by the strike. GM has already stopped or slowed down production at 29 plants involved with making trucks, vans and SUV’s. UAW workers at American Axle are the victims of an assault by the company on their wages and benefits. Because the profitable American Axle wants to cut wages in half and slash benefits, as many as 40,000 jobs could be cut from U.S. payrolls in March according to economist Brian Bethune. Bethune says that would cut three tenths of a percent from U.S. economic growth this quarter.