Hummer Guy

Striking American Axle workers took to the polls yesterday and overwhelmingly (78%) approved the once tentative measures to end the almost 3-month long strike. Production at American Axle is expected to ramp up early next week, and GM Plants that produce the HUMMER H2 and H3 have not announced a timeline for bringing the idled plants back online. We expect it to be in the next two to three weeks. Under the agreement, American Axle workers took a pay cut, but also have the choice of taking a $55,000 early retirement incentive or up to $140,000 to leave the company. In the second quarter alone, GM estimates the strike cost the automaker about $1.8 Billion before taxes.

UPDATE: According to the Chicago Tribune, the H2 Plant will be back in business June 2nd.

Related posts:

1. New HUMMER Sales Numbers Show Growth Outside US
2. UAW and American Axle Reach Deal That May End Strike
3. UAW Strike Keeps HUMMER Plants Idle
4. HUMMER H2 plant shut down until September?
5. Strike may slow HUMMER H2 production