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18th
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The Canadian Auto Workers (CAW) have reached a tentative agreement with Ford on Monday while assuring that talks with General Motors and Chrysler would continue, thus extending the deadline before a possible work stoppage.
CAW president Ken Lewenza hopes that GM and Chrysler will use Ford as inspiration for their own collective bargaining agreements. While there will be no base wage increases during the next four years, Ford will create 800 new jobs, 600 of which will be offered to former employees who had been laid off.
The new agreement also includes CPI-linked lump sums of $2,000 in each of 2013, 2014 and 2015, as well as a $3,000 bonus on ratification.
GM and Chrysler aren't exactly happy today. You see, Ford had already reduced its Canadian operations substantially. Industry analyst Dennis DesRosiers believes that the CAW's desire to apply the same agreement with the other two American manufacturers could prompt them to reconsider their Canadian presence.
A mere 4% of Ford's global production comes from Canada. In the case of Chrysler, it's 20%. That means the latter has more to lose in the current negotiations.
Source: lesaffaires.com
CAW president Ken Lewenza hopes that GM and Chrysler will use Ford as inspiration for their own collective bargaining agreements. While there will be no base wage increases during the next four years, Ford will create 800 new jobs, 600 of which will be offered to former employees who had been laid off.
The new agreement also includes CPI-linked lump sums of $2,000 in each of 2013, 2014 and 2015, as well as a $3,000 bonus on ratification.
GM and Chrysler aren't exactly happy today. You see, Ford had already reduced its Canadian operations substantially. Industry analyst Dennis DesRosiers believes that the CAW's desire to apply the same agreement with the other two American manufacturers could prompt them to reconsider their Canadian presence.
A mere 4% of Ford's global production comes from Canada. In the case of Chrysler, it's 20%. That means the latter has more to lose in the current negotiations.
Source: lesaffaires.com