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GM General Motors Company

45.00
-0.28 (-0.62%)
After Hours
Last Updated: 22:56:28
Delayed by 15 minutes
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

Canada's Unifor Says Members at GM Ratify Collective Agreement

09/11/2020 7:12pm

Dow Jones News


General Motors (NYSE:GM)
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   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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