Canada: New GM fixed-bonus deal

Up until a week ago, General Motor’s vehicle assembly plant in Oshawa, Ontario was earmarked for closure in 1919. However, a four-year wage deal ratified by members of the trade union Unifor has now secured $544 ($US 412 M) investment in the company’s Canadian operations, an investment centered on the Oshawa plant. The deal will be worth an increase of just 2% on wage rates this Autumn and another 2% in September 2019. However, workers will also receive a bonus worth $12,000 ($US 9,088), half of which will be paid immediately as a signing bonus and the remainder over the next three years.

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