🤑 It doesn’t get more affordable. Grab this 60% OFF Black Friday offer before it disappears…CLAIM SALE

GM, Canada union resume talks as midnight strike deadline looms

Published 2016-09-19, 10:05 a/m
© Reuters.  GM, Canada union resume talks as midnight strike deadline looms
GM
-
F
-
STLAM
-

TORONTO, Sept 19 (Reuters) - Unifor, Canada's autoworkers union, and General Motors Co (NYSE:GM) GM.N resumed talks early on Monday ahead of a midnight strike deadline, having made little progress over the weekend to resolve the key issue of new investment, according to the union.

The automaker and the union representing its Canadian manufacturing workers have been divided over union demands that GM commit to building new vehicle models at its Oshawa, Ontario, plant.

Unifor National President Jerry Dias said late Sunday the union has not yet received a contract proposal from GM, but he remains confident the automaker will eventually offer a new product for the plant. He said the union will not extend its strike deadline. officials had no additional comment early Monday.

GM Canada is focused on working with Unifor to reach a "mutually beneficial and competitive new agreement," spokeswoman Jennifer Wright said in an email.

A four-year contract covering the workers of GM, Fiat Chrysler Automobiles FCHA.MI FCAU.N and Ford Motor (NYSE:F) Co F.N in the province of Ontario expires on Monday. The union chose GM as its strike target for contract talks, with GM's deal setting the pattern for the other manufacturers that are expected to sign similar deals. talks could save 2,500 jobs at GM's Oshawa car assembly, or take the plant one step closer to closure. The automaker was already on the verge of shutting one of two assembly lines at its Oshawa plant, with several vehicles either produced in another country or expected to move in 2017.

There are no obvious products that would go into the Oshawa plant, and the automaker has said it would only make future product decisions after a labor deal.

Canada has been struggling to get new investments from automakers in its once-thriving vehicle assembly industry, losing out to the southern United States and lower-cost Mexico. 2001 and 2013, some 14,300 jobs were lost in vehicle manufacturing in Canada, according to the Automotive Policy Research Center in Hamilton, Ontario.

Still, the union has said it will not sign without a vehicle commitment, calling it pivotal for the future of Canada's auto industry. Pensions and wages are also on the table. a deal, the union's 3,900 GM members would have a legal right to strike at midnight (0400 GMT) on Tuesday.

<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ GRAPHIC-Driving negotiations

http://tmsnrt.rs/2cmSk7U FACTBOX-Canadian auto manufacturing sites covered in contract talks

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.