We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Lear Corp | NYSE:LEA | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.415 | 0.33% | 127.565 | 129.61 | 127.01 | 128.63 | 364,792 | 20:22:00 |
By Caroline Van Hasselt
TORONTO--About 500 workers at two auto-parts makers in Canada walked off the job over the weekend, the Canadian Auto Workers said.
The CAW said 400 workers at Lear Corp.'s (LEA) Whitby, Ontario plant went on strike Sunday after negotiations broke down over the company's demands for "deep concessions."
It is the second job action in as many days.
About 75 CAW workers at Wescast Industries Inc. (WCS.A.T) walked off the job in Strathroy, near London, Ontario on Saturday, over job security, the CAW said. The CAW said it has learned that General Motors Co. (GM) intends to move work currently being performed at the facility to China.
Brantford, Ontario-based Wescast, which supplies exhaust manifolds and other components, said it has plans in place to ensure continued supply of parts to customers. It estimates it has a 51% share of the North American exhaust-manifold market, including 65% among the Detroit Three auto makers, GM, Ford Motor Co. (F) and Fiat SpA's Chrysler Group LLC.
Labor talks began in July, a month after Wescast announced that it agreed to be acquired by a unit of Sichuan Bohong Industry Co. of China. The transaction has not yet closed.
Lear, which makes automotive-seating systems and electrical systems, has four parts plants in Ontario. The company wasn't immediately available to comment.
GM wasn't immediately available to comment.
Write to Caroline Van Hasselt at caroline.vanhasselt@dowjones.com.
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
1 Year Lear Chart |
1 Month Lear Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions