EAST SYRACUSE, N.Y. Union workers at New Process Gear have approved a new four-year contract with the company's Canadian owner, Magna International.
Many workers accepted wage cuts of up to 30 percent to protect their jobs. Magna had threatened to close the suburban Syracuse plant if workers rejected the deal.
United Auto Workers officials say the vote by the 2,500 union workers came out 76 percent in favor and 24 percent opposed.
Most of the union members are "legacy workers" who were at the plant four years ago when Magna bought the company from Chrysler.
The contract gives them each a "Legacy Transition Bonus" of $87,500 over four years that's intended to soften the blow of the lower wages.
The plant supplies drivetrain parts to major automakers.
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