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• End of axle strike costs GM $218m

  Filed under: Plants/Manufacturing , GM , UAW/Unions The UAW strike at American Axle has ground on for three months, but an agreement with the union was reached on Friday. General Motors had pledged $200 million dollars to help get things rolling again after being forced to idle plants. The action has reportedly cost GM $800 million, so what's a few more on top of that to get plants back online? With that logic, the automaker's managed to shake loose another $18 million to pay for supplemental unemployment benefits, bringing its total commitment to $218 million in hopes of wrapping up the spat with its axle supplier. [Source: Automotive News - Sub. Req.] Read | Permalink | Email this | Comments Posted May 19 2008, 01:28 AM by Autoblog Filed under: GM, Plants/Manufacturing, general motors, GeneralMotors, UAW/Unions, GmStrike, GM Strike, american axle strike, AmericanAxleStrike, American Axle, AmericanAxle, american axle manufa..., AmericanAxleManufa..., AmericanAxleAndMa..., american axle and ma...