Canadian workers' union Unifor ratified a new agreement with Detroit-based automaker General Motors Co (NYSE:GM) on Sunday even as the automaker continues to reel under the impact of the United Auto Workers (UAW) union’s strike in the U.S.
What Happened: A majority of Unifor members voted in favor of a new three-year collective agreement that covers over 4,300 workers at the Oshawa Assembly Plant, St. Catharines Powertrain Plant, and Woodstock Parts Distribution Centre.
The new agreement follows the pattern agreement negotiated by the union with Ford Motor Co (NYSE:F) in late September and includes a base hourly wage increase of up to 25%. Under the new contract, general wages ...