Workers at a General Motors stamping plant in Indianapolis have rejected pay cuts sought by a company wanting to buy the factory that is on GM's closing list.
Addison, Ill.-based JD Norman Industries said it was dropping its effort to buy the factory after Monday's announcement that United Auto Workers members had voted 457-96 against accepting the concessions.
UAW Local 23 bargaining chairman Gregory Clark tells The Indianapolis Star that the proposal "gutted everything" from the union's contract at the plant. National UAW officials had backed the offer cutting base wages from $29 an hour to $15.50.
GM announced last year it planned to close the plant in 2011. Many workers expect they will be able to transfer to other GM factories.