More Talk, But No Agreement  

Today, Reuters is reporting that AAM has rejected the new offer and is again saying that without huge concessions, US factories will close.

DETROIT, April 10 (Reuters) - American Axle & Manufacturing Holdings Inc (AXL.N: Quote, Profile, Research) said on Thursday a contract proposal from the United Auto Workers was a slight improvement, but still not market competitive and talks aimed at ending the union's six-week strike at the company's U.S. plants would continue.

The parts supplier said it offered buyouts for UAW workers who would prefer to leave American Axle, or buydowns for hourly workers to accept lower wages and benefits, and again said it would have to close the U.S. plants if the union did not accept steep concessions.

Sure still looks as if Dauch is more in line with declaring Bankruptcy and moving all operations to Mexico than negotiating in good faith. It's too bad Dauch can't see the asset he has most at his disposal, his employees. He seems to really only see them as disposable. That is really sad.


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