Dauch Corp (AXLE) Strike Ends with 36% Wage Increase Agreement
Published on · Source: cnbc.com
AI Summary
Summarized by AI from the source belowThe United Auto Workers (UAW) has finalized a deal with Dauch Corp (AXLE) after a 10-day strike at its Three Rivers, Michigan plant. The agreement stipulates a new top wage rate of $30 per hour by 2030, representing a more than 36% increase over four years. Dauch, which supplies axles for General Motors' trucks, will continue operations until the contract is ratified by UAW Local 2093 members. Historically, the top wage has risen from $22 per hour since 2008, indicating ongoing negotiations have leveraged better pay for workers.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
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