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GM and CAW reach deal over truck plant closure
In a deal designed to assuage the tensions between General Motors and the Canadian Auto Workers union, GM's new car plant in Oshawa, Ontario will gain two additional models to build. The old truck plant in the same city, though, will still close sometime in 2009. Until then, the truck plant will continue to assemble hybrid versions of GM's full-size pickup trucks. The new Oshawa plant will begin building GM's long-anticipated Camaro revival and will also get some Chevrolet Impala production and an unnamed Buick model at some point in the future.In addition to the extra work at the brand new Oshawa plant, displaced workers with at least 26 years of GM employment will get a percentage of their yearly salary, even after the plant has closed, until they have reached the necessary 30-year mark for retirement. Other qualifying ex-employees will get buyout packages of some sort. Thanks for the tip, Ryan!
[Source: CBC News]
Reader Comments (Page 1 of 1)
Canadian 5:16PM (7/28/2008)
Hmm, so both the challenger and camaro are being built in Canada. surprised we still get raped on the price.
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MajorGeek 5:20PM (7/28/2008)
Next time you wonder why GM is having difficulty, at least one reason, here you go.
Heres how you close a plant:
"Sorry, suv and truck sales are no longer 40% or more of sales, we dont need this plant anymore. Goodbye."
Ive been fired from just about every job I ever had because of my attitude, but oddly enough, it appears I can boss myself around just fine. I always found myself another job. You do that when you get hungry.
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Mr.K 5:32PM (7/28/2008)
How is this a bad development? The car plant they're moving those workers into is tops when it comes to quality and productivity. This seems like a good move for GM.
geo.stewart 8:20AM (7/29/2008)
Mr K.
"This seems like a good deal"
Paying people who arent working for up to 4 yrs?
No wonder GM cant break even. Doing the right thing also includes being fiscally responsible to your stockholders and existing employees.
Who is running that place anyway? Rick must be a union puppet or something.
Tony 8:33PM (7/28/2008)
SO? How much is this DEAL going to cost the Canadian tax payer who isn't employed by a big auto giant with the fancy union and astronomical wages and benefits?
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Illis Billis 10:51PM (7/28/2008)
This article IS about a big auto giant, and a fancy union making a deal. If you wanted an article about yourself, then go search for one?