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More in: General Motors, Layoffs  American Axle CEO, Richard Dauch, was rewarded a $8.5 million dollar bonus last Friday for his part in the American Axle and UAW strike with General Motors earlier this year that lasted for nearly three months. The decision to offer the large bonus was based off of the committee's account for American Axles' "strong financial performance in 2007" with a $37 million dollar profit for 2007. American Axle announced last month they will be cutting more than half of its United States work force, equating to 2,000 jobs through "early retirement and buyout offers, plant closures and layoffs". Maybe that extra $9 million could have helped out the 2,000 employees that are losing their jobs? regardless of the United Auto Workers' agreements. Some things just do not make sense.
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