Here are the top stories you need to know this morning.
Unifor national president Lana Payne leads the way towards a meeting with Stellantis as part of the auto talks in Toronto on Thursday, Aug.10, 2023. Canadian autoworkers have ratified a new three-year collective agreement with the Ford Motor Company, setting the stage for upcoming talks with General Motors and Stellantis
. Unifor, which represents more than 5,000 employees at Ford Motor Co. of Canada, has said the agreed-upon wage increases represent the highest ever negotiated with an automaker in this country. The new deal will see workers’ pay increase 10 per cent in the first year, followed by a two per cent jump in the second year and a three per cent increase in the final year.
. The agreement, which still has to be ratified by members, could now shift the focus to reaching a deal with striking actors.Amazon has agreed to invest up to US$4 billion in the AI startup Anthropic , which was founded about two years. In an effort to keep pace with rivals like Microsoft and Google’s parent company Alphabet in the push into generative artificial intelligence, the e-commerce giant will drop an initial investment of $1.25-billion into Anthropic and take a minority stake. Generative AI includes technology like OpenAI’s ChatGPT, as well as Anthropic’s Claude chatbots.
Microsoft is getting an upgrade from Guggenheim and losing its only sell rating in the process after Analyst John DiFucci said generative artificial intelligence is “too positive a force to contend with.”
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Canadian union Unifor says Ford offers wage increases of 10% for first yearThe agreement also includes a $10,000 productivity and quality bonus to all employees on the active roll of the company and an increase in the monthly basic benefit and special allowance in all class codes across Defined Benefit and Hybrid Pension plans.
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Canadian union Unifor says Ford offers wage increases of 10% for first year(Reuters) - Ford Motor offered a 10% wage increase for the first year followed by increases of 2% and 3% through the second and third year in their ...
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