🥇 First rule of investing? Know when to save! Up to 55% off InvestingPro before BLACK FRIDAYCLAIM SALE

Supplier restarts flow of critical truck parts to Detroit automakers

Published 2020-05-18, 04:30 p/m
© Reuters. Dana Inc. assembly technician Brandon Green wears a face mask as he works to assemble axles for automakers, amid the coronavirus disease (COVID-19) outbreak, in Toledo
F
-
STLAM
-
DAN
-

By Ben Klayman

TOLEDO, Ohio (Reuters) - Dana Inc (N:DAN), a key supplier of truck parts to Detroit automakers, restarted its Toledo plant Monday on a single shift, with one-third of its 750-person workforce and less than 1% absenteeism, according to plant manager Craig Zimmerly.

"We don't have that vibe of 'too soon.' There may be a little bit of 'okay, the mask is bothering me,'" said Zimmerly, adding that the usual absentee rate is 2-3%.

The Detroit Three automakers and their suppliers began restarting assembly lines on Monday after a two-month coronavirus lockdown in a slow revival of a sector that employs nearly 1 million people in the United States.

The Toledo plant supplies axles for such popular models as Fiat Chrysler Automobiles' (MI:FCHA) (N:FCAU) Jeep Wrangler and Gladiator, and Ford Motor Co 's (N:F) Ranger pickup. Trucks and SUVs are among the auto industry's most profitable vehicles.

Hourly workers at the plant are represented by UAW Local 12, which also represents employees at the nearby FCA Jeep plant.

Assembly technician Brandon Green, 32, of Toledo said he was "okay" with the safety precautions put in place at the plant. "I'm not really nervous. They worked with us pretty well to get us what we need," he said.

Among those precautions are staggered entrances and exits for workers, who get thermal temperature checks and are given face masks - although some have opted to wear their own facial coverings, including at least one with an American flag motif. Throughout the plant, yellow Xs remind people where to stand for proper social distancing.

Workers are responsible for cleaning their immediate work areas at the beginning and end of each shift. Overnight, a maintenance crew cleans and disinfects the plant with fogging machines.

The plant's UAW shop chairman, 61-year-old Mark Popovich of Toledo, said, "We've got a good mood today. Everybody understands that we have to go back to work. It was better than we all thought. You don't hear too many negatives."

© Reuters. Dana Inc. assembly technician Brandon Green wears a face mask as he works to assemble axles for automakers, amid the coronavirus disease (COVID-19) outbreak, in Toledo

In mid-afternoon trade, Dana shares were up more than 11%.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.