American Axle and UAW Reach Deal

American Axle & Manufacturing Holdings, Inc., today announced that the tentative agreements with the International UAW reached on May 16, 2008, covering approximately 3,650 AAM associates at five facilities in Michigan and New York, have been ratified.
“AAM is pleased to announce the ratification of a new collective bargaining agreement with the International UAW,” said AAM co-founder, chairman & CEO Richard E. Dauch.
“This new contract provides AAM and its UAW-represented workforce the opportunity to transition through a most difficult period of structural change in the domestic automotive industry.
“We look forward to the prompt resumption of normal manufacturing operations at our original U.S. locations.”
AAM expects to have its plants running production during the week of May 26, 2008.