General Motors will pay up to $200 Million to help end American Axle strike

Story Published: May 8, 2008 at 6:01 PM EDT

Story Updated: May 8, 2008 at 6:01 PM EDT

DETROIT (AP) - General Motors Corp. says it will pay up to $200
million to help bring an end to a crippling labor dispute at parts
supplier American Axle and Manufacturing Holdings Inc.
The automaker said Thursday in a government filing that the
money would go to subsidize lower wages for striking workers, and
for employee buyout and early retirement packages.
About 3,600 workers at five American Axle factories have been on
strike for more than nine weeks because the company wants to cut
their wages and benefits.
The strike has crippled GM's production of pickup trucks and
sport utility vehicles.
American Axle spokeswoman Renee Rogers says negotiations with
workers are continuing.

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