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Share Name | Share Symbol | Market | Type |
---|---|---|---|
General Motors Company | NYSE:GM | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.28 | -0.62% | 45.00 | 45.395 | 44.58 | 44.80 | 7,560,653 | 22:56:28 |
By Stephen Nakrosis
Canadian union Unifor on Monday said its members at General Motors Co. facilities in St. Catharines, Oshawa and Woodstock voted to ratify a new three-year collective agreement.
The union said the new agreement includes a 5% increase to their hourly rate, a productivity and quality bonus, inflation protection bonuses, improved benefits, shift premiums, and restoration of the 20% differential for skilled trades.
GM and the union will also create an anti-racism action plan and will "establish a new Racial Justice Advocate in the workplace."
Jerry Dias, Unifor's national resident, said "This contract solidifies and boldly builds on GM's Canadian footprint, with a $1.3 billion dollar investment that brings 1,700 jobs to Oshawa plus more than $109 million to in-source new transmission work for the Corvette and support continued V8 engine production in St. Catharine."
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
November 09, 2020 13:57 ET (18:57 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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