CAW negotiators have reached a new four-year tentative agreement with General Motors of Canada (GMM-U.TO, GM). The new deal includes a $3000 quality and productivity bonus for workers upon ratification as well as cost of living lump sum payments of $2000 in each of 2013, 2014, and 2015.
This new agreement follows the same core compensation features as in the pattern agreement reached earlier this week with Ford.
CAW President, Ken Lewenza, said the agreement offers protection of current pension benefits for existing workers and incremental improvements in benefits, including dental care. The company agreed to the same ten-year New Hire Grow-In program as appears in the Ford deal. Additional GM-specific aspects of the deal were negotiated as well, including specific investment and employment commitments in all locations.
Also, the company confirmed in writing that they would meet the Canadian manufacturing commitment, negotiated with the Canadian and Ontario governments, through the life of this agreement. The CAW is in the process of setting up membership ratification meetings in Oshawa, St. Catharines and Woodstock.
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