Sep 17, 2012 / 10:33 am
The head of the Canadian Auto Workers union says they are very close to reaching a deal with Ford, hours ahead of a strike deadline.
Ken Lewenza says a tentative deal with Ford is nearly finalized, and once it's done the union will take it to Chrysler and GM to see if they will match it.
Contracts at the three big automakers expire at one minute before midnight tonight and the union has previously said it's prepared to strike then if necessary.
The CAW has been focusing its energies on Ford over the past few days, suggesting Ford wasn't dead set against lowering wages for new hires but allowing them to reach full pay over time.
Chrysler responded to the move by saying they were "very concerned" that Ford isn't in the best position to lead negotiations because it has reduced its footprint in Canada in recent years.
Read more Business News
|QHR Technologies Inc||0.61||+0.06|
|Anavex Life Sciences||0.55||+0.02|
|Copper Mountain Mining||1.62||+0.10|
The majority of Canadians prefer to make their big move during the summer season. There are a variety of reasons for choosing this time of year: it is easier to transport boxes in non-icy condition...
It appears as though more people these days are looking for an investment in real estate which offers cash flow returns. The fundamentals of cash flow type properties had been turned upsi...
Getintheloop Marketing Ltd. recently launched their membership platform, Getintheloop.ca. The new website offers an exclusive members area for access to discounts in the South Okanagan on premium res...
- Bangladesh to raise wages
- Open for business
- 'Gatsby' earns $51.1M, 'Iron Man' $72.5M
- Chrysler recalls nearly 470,000 SUVs
- Bell not interested in selling more Astral
- Loonie dips over a quarter
- Taxman and the offshore tax havens
- Sharktopus views turns on YouTube TV
- Social media makes Disney blink
- BCE looks to cut $170 million
- TD Bank: Loonie could fall to 90 cents US
- Mixed results for North American markets