Canadian workers union Unifor reached a tentative agreement with Chrysler parent Stellantis NV (NYSE:STLA) on Monday, hours after it commenced a strike against the automaker.
What Happened: The union reached a tentative agreement at around 7 a.m. local time on Monday following overnight negotiations with the company after workers started a strike at midnight.
Unifor represents over 8,200 workers at Stellantis across the Windsor Assembly Plant, Brampton Assembly Plant, Etobicoke Casting Plant, Red Deer Parts Distribution Centre and Mississauga Parts Distribution Centre. The automaker employs the most number of workers in Canada amongst the ‘Detroit three’ automakers.
“The agreement puts in place ...