GM Canada & CAW

[HarleyEarl]

FOR RELEASE: 2005-09-28 General Motors of Canada and Canadian Auto Workers Reach Tentative Three Year Agreement TORONTO, Ontario - General Motors of Canada reached a new tentative three-year agreement with the Canadian Auto Workers today that reduces GM of Canada's overall structural labour costs during the life of the agreement. "The agreement we reached addresses many of the issues that GM raised at the outset of these negotiations and provides the means for GM and the CAW to continue our drive for more efficient, productive operations while reducing our overall operating costs." said Al Green, GM of Canada's vice-president of personnel and operations. "GM is operating in an intensely competitive global environment and reaching this tentative agreement allows us to continue to build momentum in the market with the award winning vehicles and components produced in Canada." "GM of Canada will build on its commitment to Canada and our employees with plans for new capital and technology investments. Investment plans totaling approximately $750 million were confirmed during bargaining for the St Catharines operations and the Oshawa truck and car plants," said GM of Canada president, Michael Grimaldi. Mr. Grimaldi confirmed that, beginning in the last quarter of 2006, GM of Canada will produce two new models in GM's all-new full-size truck line at the Oshawa truck plant, these include the all-new four-door crew cab with a short box and the four door extended cab models. GM also confirmed the Oshawa car assembly complex in the future will receive new investment to enable flexible manufacturing. "These investments recognize the hard work of our employees and their commitment to continued quality improvements, productivity, and cost reductions," said Grimaldi Headquartered in Oshawa Ontario, General Motors of Canada employs more than 20,000 people nationwide. GM of Canada manufactures a variety of vehicles, engines, transmissions and other components, and markets the full range of General Motors vehicles and related services through 785 dealerships and retailers across Canada. Vehicles sold through this network include Chevrolet, Pontiac, Buick, GMC, Cadillac, Hummer, Saturn and Saab.

[razoredge]

Thats good sounds like they got the investment and commitment from GM that they were looking for. Thats what it all about. Bravo to both parties ! :) Now this says nothing about what was done to lower operating cost ?