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Tentative deal between Canadian Auto Workers, GM

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03.08.2009

Cybergal

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Tentative deal between Canadian Auto Workers, GM

Tentative deal between Canadian Auto Workers, GM
3/8/09

Quote:

DETROIT – The Canadian Auto Workers union said Sunday it had reached a tentative agreement with General Motors Corp. on a multiyear pay freeze and other concessions needed to qualify the company for government aid.
The deal freezes wages and pensions through September 2012 and for the first time requires workers and retirees to pay health care premiums. Cost-of-living adjustments also are frozen until June 2012.
The deal would extend a previous contract with GM by one year.
The two sides met through the night and reached agreement about 5:30 a.m. EDT.
http://news.yahoo.com/s/ap/20090308/...anada_union_gm

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