Canadian UAW Reaches Concession Deal with GM

By: Associated Press
By: Associated Press

The president of the Canadian Auto Workers says the union and General Motors Canada have agreed on a cost-cutting deal.

The announcement Friday came from Ken Lewenza, the head of the CAW. An agreement on wages and other costs is critical for General Motors Canada to receive government aid.

The deal comes a day after the United Auto Workers reached a tentative deal with the U.S. government and GM Canada parent General Motors Corp. GM is also talking with its bondholders.

GM is facing a June 1 government-imposed deadline to restructure or be forced into bankruptcy protection.

Will GM Get A Deal From Its Bondholders By June 1?

You must be logged in to post comments.

Password (case sensitive):
Remember Me:
WILX 500 American Road Lansing, MI 48911 517-393-0110
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 45848392 -
Gray Television, Inc.