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General Motors reaches deal with Canadian autoworkers hours after union initiates strikes - TL;DR CNBC

General Motors reaches deal with Canadian autoworkers hours after union initiates strikes

Publishing timestamp: 2023-10-10 16:31:43


Summary

General Motors has reached a tentative agreement with the Canadian union Unifor for nearly 4,300 autoworkers after a national strike was initiated. The strike briefly affected GM's facilities in Canada, but has been put on hold for workers to vote on the tentative agreement. The agreement includes wage increases, benefits, job security, and other new or altered benefits. If ratified, Unifor will move on to negotiations with Stellantis.


Sentiment: NEUTRAL

Tickers: GMSTLAFSTLAM-IT

Keywords: autosbusiness newsbreaking news: businessstellantis nvpersonnelbusinessford motor cogeneral motors cotransportationlabor economy

Source: https://www.cnbc.com/2023/10/10/gm-canadian-autoworkers-union-unifor-reach-deal-to-end-strike.html


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