American Axle to cut jobs via worker buyouts
Oct 06, 2006 | 07:49 AM
| Philip Burgert
Automotive parts supplier American Axle & Manufacturing Holdings Inc., Detroit, said it will reduce its work force by offering a special attrition program to all 6,000 employees represented by the United Auto Workers union at several plants in Michigan and New York.
The program was described by Richard E. Dauch, co-founder, chairman and chief executive officer of American Axle, as necessary to realign the company's work force with market conditions in the wake of structural changes at U.S. automakers.....
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