09:08:37 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



General Motors Company
Symbol GMM
Shares Issued 1,451,677,428
Close 2017-09-15 U$ 38.97
Market Cap U$ 56,571,869,369
Recent Sedar Documents

Globe says GM, Unifor talks go down to the wire

2017-09-18 08:56 ET - In the News

The Globe and Mail reports in its Saturday edition that talks between General Motors and Unifor on a new labour agreement for workers at Cami Automotive in Ingersoll, Ont., are expected to go down to the wire ahead of a strike deadline late Sunday. The Globe's Greg Keenan writes that about 2,500 workers at the plant assemble the Chevrolet Equinox crossover. Demand for the Equinox and its twin, the GMC Terrain, have kept the plant operating three shifts a day, six days a week for the past several years and made it one of GM's most productive and profitable factories. GM's shift in production of the Terrain to Mexico this summer led to the loss of 600 jobs at the plant. Unifor president Jerry Dias has said that workers will go on strike unless GM earmarks another vehicle for the plant to replace Terrain. A strike would choke off production of one of GM's hottest-selling vehicles in one of the fastest-growing segments of the market. Equinox sales soared 85 per cent in the U.S. market last month and jumped 33 per cent in Canada. Cami contracts have traditionally fit into pattern bargaining, where a deal with one company sets the pattern for all Unifor-represented automakers.

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