General Motors reaches tentative agreement with Canadian union, ending strike

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General Motors And Canadian Union Sign A Tentative Agreement While Ending Strike

Economy 2 Mins Read October 11, 2023 Posted by Soumava Goswami

On Tuesday, General Motors and Unifor, a Canadian Union, reached a tentative agreement that ended strikes that involved almost 4300 workers from three facilities. According to the union, the agreement includes wage hikes of up to 25% and follows the same pattern agreement that they reached with Ford last month.

If the strike continued against the largest automaker in the US, it would have threatened the profitable production of the full-size truck.

According to Lana Payne, the National President of Unifor,

?General Motors And Canadian Union Sign A Tentative Agreement While Ending Strike.?

Furthermore, she also added that General Motors also agreed to items that it was against initially, like

?pensions, retiree income supports and converting full-time temporary workers into permanent employees over the life of the agreement.?

Furthermore, according to GM, the deal

?recognizes the many contributions of our represented team members with significant increases in wages, benefits, and job security.?

They also added that work will resume at all three facilities on Tuesday afternoon.

Unifor set the deadline on October 9, after the failure of its earlier agreements with General Motors on September 18.

According to Unifor, Ford offered the desired wage hike last month and also provided wage increases of 10% for the first year, followed by 2% and 3% increases in the second and third years, respectively.

The workers were attending to get the same benefits as that of Ford employees. However, GM stubbornly refused to match the same contract and increased the wages up to 25%.

There were a total of 4280 employees from General Motors who covered three facilities of the company – St. Catharines Propulsion Plant, Oshawa Assembly & Operations, and Woodstock Parts Distribution Centre facilities.

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Inspired by The Social Network, Soumava loves to find ways to make small businesses successful – he spends most of his time analyzing case studies of successful small businesses. With 5+ years of experience in flourishing with a small MarTech company, he knows countless tricks that work in favor of small businesses. His keen interest in finance is what fuels his passion for giving the best advice for small business operations. He loves to invest his time familiarizing himself with the latest business trends and brainstorming ways to apply them. From handling customer feedback to making the right business decisions, you’ll find all the answers with him!

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