Firm to brief workers on GM plant takeover offer

August 27, 2010

Firm to brief workers on GM plant takeover offer


Indianapolis — A company that hopes to buy General Motors Co.’s stamping plant in Indianapolis plans to brief workers on its contract proposal Sunday.

Signs announcing the meeting went up Friday at the plant.

Addison, Ill.-based JD Norman Industries has asked for wage and benefit cuts as a condition of the purchase.

Union leaders have said Norman’s offer cuts base wages of $29 an hour nearly in half. They say they’d rather let GM close the plant next year as scheduled and exercise their contract rights to transfer to another GM plant.

Company President Justin Norman says wages would vary by seniority and job description and that 40 percent of workers would earn more than $24 an hour.

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