And since their main consumer is GM which is losing money as fast as the Govt., what good is it going to do to keep demanding more when they may not even have a market soon. That $70 dollars an hour was just out of reason I think. This is going to have a bad effect on all. If they get more per hour, then they will have to raise the price of their axles which means GM will have to raise the price of their vehicles again and soon no one will be able to afford to buy them. So what happens then. And if they can't live on that pay, maybe they had better consider adjusting their living style to fit their means.
Edit: The way I read it is the $70 per hour is labor costs and doesn't mention benefits which I interpet to mean their pay. The colored sections below would seem to indicate their benefits are not included in the $70 dollar figure.
Elimination of future
retiree health care and defined benefit pensions were also issues, the UAW said. The union also said American Axle failed to provide the UAW with information it needed to evaluate the proposed cuts.
In a statement, the Detroit-based company said the union had "singled out" the supplier by refusing to allow it to cut
hourly labor costs that are three times higher than its rivals at over $70 per hour.
Ron
