The American Axle Vehicle Manufacturing Company (AAM) announced that it will permanently shut down its Cheektowaga plant in New York next year. It has issued a warning notice to the Ministry of Labor and will dismiss the factory on February 25 next year. Employee. It is understood that a few months ago, the American Axle had stated that it would shut down the factory. Because the factory’s union workers refused the company’s proposal of a pay cut of 33%, the new labor contract could not be reached. The factory is expected to be shut down on February 26 next year. American Axle Manufacturing Company recently announced that its third-quarter net income fell 36% year-on-year to US$24.8 million, compared with net income of US$38.8 million in the same period last year. Aluminum Die Casting auto part Aluminum Die Casting auto part Hoteng Machinery Co., Ltd. , http://www.nbdiecastings.com