Editor's note: All figures in Canadian dollars. As of Sept. 27 $1 U.S. equals $1.34 Canadian.
Unifor members were set to begin a ratification vote today that will decide whether the union’s tentative contract with Ford Motor Co. goes into effect.
The three-year deal includes a commitment from Ford to invest $1.8 billion in its Oakville, Ontario, plant to begin building battery-electric vehicles by 2026, following a retooling in 2024, according to a document posted on Unifor’s website. Wage gains for members include a two-year reduction in the contentious 10-year wage grow-in period, two $2,000 “inflation protection” bonuses, a $7,250 “productivity and quality bonus” and two general wage increases of 2.5 percent for workers at the full pay rate, according to the union.
“This is one of the most significant investment announcements in Canadian automotive history, and is a game-changer for the Canadian auto sector,” union leaders said in a statement.
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