UPDATE 1-UAW reaches deal with Dauch Corp after 10-day strike

general motors
Dauch

general motors

GM

0.00

Dauch

DCH

0.00

Adds details in bullet points

By Kalea Hall

DETROIT, June 10 (Reuters) - The United Auto Workers has reached a deal with axle supplier Dauch Corp DCH.N after a 10-day strike against the company at its Three Rivers, Michigan, plant, union President Shawn Fain said on Wednesday.

  • Dauch, formerly known as American Axle, supplies axles to General Motors' GM.N full-size and midsize trucks from the plant.

  • Members of UAW Local 2093 will soon vote on the new agreement with the company that includes a top wage rate of $30 per hour by 2030, a more than 36% increase in four years, said Josh Jager, bargaining chairman ⁠for Local 2093.

  • The strike will continue until the contract is ratified, the UAW said.

  • Workers at the Dauch plant in 2008 agreed to accept lower wages. Since ⁠then, the ​top wage has increased by $4 ​to $22 per hour, Jager said.

  • A Dauch spokesperson said in a statement: "We appreciate the efforts of both the UAW and Dauch labor negotiations teams to find common ground."


This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.