Vote yourself out of a job!

Workers reject pay cut, N.Y. parts plant to close

Excerpt:

A subsidiary of Magna International Inc. says it will start winding down operations in Syracuse, N.Y., after workers narrowly rejected concessions to keep the plant alive.

Workers at Magna's New Process Gear voted 52 per cent against a deal that would have slashed their wages by about 20 per cent to $16 (U.S.) if the factory was unable to break even by July 1.

Just two years ago, workers earned more than $29 an hour.

The plant, which employs about 1,400 people, makes transfer cases to switch power from two- to four-wheel drive vehicles.

It is one of the largest industrial employers in central New York state.

As a result of the UAW workers' decision, which is the second rejection of a tentative contract this year, Aurora-based Magna said it would initiate a shutdown plan and begin the transfer of work to other operations.

Comment: "half a loaf" (or in this case "80%" loaf is better than "no loaf".

HT: The Truth about Cars.

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