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American Axle wants UAW givebacks; As plant closings loom, talks likely will be difficult.

Publication: Automotive News
Publication Date: 26-NOV-07
Format: Online
Delivery: Immediate Online Access
Full Article Title: American Axle wants UAW givebacks; As plant closings loom, talks likely will be difficult.(Suppliers)(American Axle and Manufacturing Holdings Inc's contract with United Automobile, Aerospace and Agricultural Implement Workers of America)

Article Excerpt
Byline: Robert Sherefkin

As the Detroit 3 tout the benefits of their new, concessionary UAW contracts, several supplier CEOs are eager for "me-too'' deals with the union.

But getting the UAW's agreement may be difficult. Take American Axle & Manufacturing Holdings Inc.

American Axle CEO Richard E. Dauch hopes a new UAW contract will slash his labor costs. But the union fears plant closings and is not in a concessionary mood. The current contract expires Feb. 25.

The stakes are huge for American Axle - and its customers. A long labor battle could jeopardize production at the company's main customers: General Motors and Chrysler LLC. GM accounts for 76 percent of American Axle's revenues, and Chrysler accounts for about 10...

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