GM, CAW Reach Tentative Deal

If the facts are correct, it appears that General Motors and the Canadian Auto Workers union have finally reached a tentative agreement. On GM’s end, the four-year deal commits to create or maintain 1,750 new jobs and investments amounting to no less than $675 million over the life of the accord.

The investments are to happen at both the Oshawa assembly plant and St. Catharines engine plant. In addition, GM agreed to extend one shift of production at Oshawa through June 2014. For the St. Catharines facility, GM agreed to create 100 new positions. And it seems the CAW won’t have to implement a two-tier wage structure.

In addition, the new Chevrolet Impala will now be built in Oshawa, as well as the Detroit-Hamtramck facility. The new shift is expected to employ about 750 workers. But if demand is strong enough for the sexy new Chevy, another shift can be added in 2014.