Chrysler Group LLC employees represented by the Canadian Auto Workers ratified a four-year contract that follows union agreements with Ford Motor Co. and General Motors Co. in reducing costs for new workers while maintaining current production levels in Canada.
The U.S. auto industry’s output decline in Canada is poised to end after the major carmakers secured wage and pension savings that lower the costs of what Ford Motor Co. calls the world’s most expensive auto workers.
Chrysler Group LLC, majority-owned by Fiat SpA, and the Canadian Auto Workers union reached a four- year labor agreement yesterday, avoiding a strike and wrapping up the latest round of negotiations with the major U.S automakers.
General Motors Co. and the Canadian Auto Workers reached a tentative four-year labor agreement last night, avoiding a strike and leaving Chrysler Group LLC as the last of the major U.S. automakers without a union deal.
The Canadian Auto Workers union said it reached a tentative agreement with General Motors Co. to avert a strike at the company’s Canadian plants. There remain a “few hiccups” to completing the deal, union President Ken Lewenza told reporters at a Toronto hotel today. Lewenza called a press conference for later tonight, at 9:15 p.m.
Ford Motor Co. was chosen by the Canadian Auto Workers as the target for contract talks leading up to tomorrow’s strike deadline, with the union saying the company offers the best prospect among U.S.-based automakers for an agreement.
The Canadian Auto Workers is concentrating on negotiations with Ford Motor Co. as the union looks to reach a deal that will set the outlines for agreements with General Motors Co. and Chrysler Group LLC and avoid its first strike against a U.S.-based automaker in 16 years.
Talks between the Canadian Auto Workers, Chrysler Group LLC and General Motors Co. were extended past a strike deadline of midnight yesterday as the union said the parties needed more time to reach a deal.