🔥 Premium AI-powered Stock Picks from InvestingPro Now up to 50% OffCLAIM SALE

Unifor says GM resisting important elements of Ford pattern agreement

Published 10/06/2023, 06:19 PM
Updated 10/06/2023, 08:00 PM
© Reuters. FILE PHOTO: The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. Picture taken March 16, 2021.  REUTERS/Rebecca Cook/File Photo
GM
-
F
-

(Reuters) - Canadian workers union Unifor on Friday said General Motors (NYSE:GM) was "resisting" a number of important elements of its pattern agreement with Ford Motor (NYSE:F).

The union had chosen the company as its second bargaining target after Ford, to address GM-specific issues in another round of contract talks.

Earlier last month, Unifor ratified a new three-year contract with Ford that offered wage increases of up to 25% to more than 5,600 workers at its Canadian facilities.

The major issues of contention include GM’s full-time temporary workers classification, the universal health allowance for retirees and future product investment commitments, the union said.

The union representing hourly workers in Canada faces an 11:59 p.m. ET deadline on Monday to reach a new deal with GM. Unifor represents about 4,300 workers at GM covered by these talks.

GM Canada did not immediately respond to a Reuters request for comment.

Unifor's talks with the Detroit Three automakers in Canada are separate from the United Auto Workers (UAW) union's coordinated action in the United States.

In the United States, UAW held off on additional strikes against Detroit Three auto plants on Friday, citing GM's unexpected willingness to allow workers at joint-venture battery plants to be covered by union contracts.

© Reuters. FILE PHOTO: The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. Picture taken March 16, 2021.  REUTERS/Rebecca Cook/File Photo

Unifor is yet to reach a deal with Chrysler parent Stellantis (NYSE:STLA).

The Canadian operations of the Detroit Three are much smaller than their U.S. setups, but the three automakers each have critical factories in Canada.

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.