From CNBC: Nearly 1,000 United Auto Workers (UAW)-represented Workers employed at a Michigan Supplier Plant that makes parts for General Motors (GM) pickup trucks went on Strike Monday (June 1st) after failing to reach a new contract with the company. Workers at an Axle and Components Plant in Three Rivers, Michigan for Dauch Corporation - formerly known as American Axle and Manufacturing - walked out of the factory and onto picket lines. The UAW did not release a full list of demands - but said in a press release Workers are still trying to regain wages lost during the Great Recession. “We’ll stay out on Strike until this company comes to its senses,” UAW President Shawn Fain said during a video announcement. “The full force of the UAW International Union will be standing with these Workers. So, American Axle, time is up. No contract, no axles.” The Union said long-time Workers who were making as much as $29 an hour saw their wages slashed to $14.50 in 2008. Current wages top out at $22 an hour after a five-year progression.

From Autoblog: GM has about two weeks of axle inventory to keep building trucks unhampered, which was confirmed by two people familiar with the matter to Reuters. GM is said to be monitoring the situation closely and assessing any potential impact, while the Dauch Corporation called the work stoppage a disappointment. The spokesperson went on to say: "We remain committed to negotiating with the ​Union in good faith and hope to promptly reach a fair agreement." As a result of the Strike, GM's shares dropped by 2% after trading. Dauch took a bigger hit, losing 6%. The Chevrolet Silverado and GMC Sierra models are built in the U.S., Canada and Mexico, and make up one-third of the GM group's sales, giving more importance to this work stoppage and its effect on the overall business.

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UAW strike: Union work stoppage threatens GM truck production

UAW American Axle Bargaining Update

GM has two weeks before a strike could hit Silverado and Sierra production