December 12, 2019

American Axle Manufacturing AAM Plans to Close New York Factory

The American Axle Vehicle Manufacturing Company (AAM) announced that it will permanently shut down its Cheektowaga plant in New York next year. It has issued a warning notice to the Ministry of Labor and will dismiss the factory on February 25 next year. Employee.

It is understood that a few months ago, the American Axle had stated that it would shut down the factory. Because the factory’s union workers refused the company’s proposal of a pay cut of 33%, the new labor contract could not be reached. The factory is expected to be shut down on February 26 next year.

American Axle Manufacturing Company recently announced that its third-quarter net income fell 36% year-on-year to US$24.8 million, compared with net income of US$38.8 million in the same period last year.

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