In the bag: CAW reaches deal with Big 3 four months early

Shortly after reaching an agreement with Ford, the Canadian Auto Workers union announced the rather surprising news that it had reached tentative agreements with both General Motors and Chrysler. These deals come about four months before the deadline for a deal was to be hit and stand in stark contrast to the protracted negotiations that recently took place between the Big Three and the CAW's American counterpart, the UAW. Under the new deal, GM promises to keep its Oshawa, Ontario plant open until 2012 and offers buyouts worth up to $125,000 to workers at the Windsor transmission plant, which will soon be shut down. Chrysler, for its part, agreed to continue producing minivans at its Windsor assembly site, continue producing the 300C in Brampton, Ontario and keep its Toronto casting plant open until 2011.

CAW President Buzz Hargrove calls the tentative deals "a win-win" for both the union workers and the automakers. Union workers in Canada will get the chance to vote on the contracts later this month. A GM vote is planned for Friday, May 16. Chrysler's contract vote will follow on Saturday, May 17.

[Source: Automotive News - sub. req'd]

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