TORONTO — The union representing workers at Ford Motor Co. facilities in Canada says its tentative deal with the company includes 'transformative' gains, with one observer suggesting significant wage increases are likely.
TORONTO — The union representing workers at Ford Motor Co. facilities in Canada says its tentative deal with the company includes"transformative" gains, with one observer suggesting significant wage increases are likely.
The three-year tentative deal covers more than 5,600 workers at Canadian Ford facilities. It includes members at Ford’s Oakville assembly plant, Annex and Essex engine plants in Windsor, Ont., along with its parts distribution centres in Brampton, Paris and Casselman in Ontario and in Leduc, Alta. "I think the wage increases are going to be significant in that deal," he said."Payne probably made some inroads on the investments in EV transition ... and would be able to announce guaranteed investments for the transition to electric vehicles."
The formal negotiations between Unifor and the Detroit Three opened on Aug. 10 in Toronto — coming at a time when the rising cost of living and inflationary pressures continue to hamper financial security among Canadians. The last round of Detroit Three contract negotiations in 2020 led to billions of dollars of investment commitments from the automakers. Unifor has said increased momentum on the transition to electric vehicles has brought total promised spending across all of Canada's auto sector to around $25 billion in the past three years.
He said the current strike in the United States is having a significant effect on manufacturers, creating another headwind for an already slowing Canadian economy.
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