Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnAISquareMore
General Motors Workers Approve New Deal in Canadian Investments

General Motors Workers Approve New Deal in Canadian Investments

MT newswireMT newswire2026/08/31 07:53
By:MT newswire
03:53 AM EDT, 08/31/2026 (MT Newswires) -- General Motors (GM) workers in Ontario have agreed contracts securing more than $1 billion Canadian dollars ($719.6 million) in investments and new production at Canadian facilities, the Canadian union Unifor said Monday. The contracts include CA$144 million for GMC Sierra production in Oshawa and CA$215 million for transmission production in St. Catharines, the union said. The deal also includes prior commitments of CA$691 million for a sixth-generation V8 engine in St. Catharines and CA$63 million for stamping and other upgrades in Oshawa, Unifor said. The agreements provide 3% annual wage increases over three years and extend the Income Maintenance Plan for eligible workers on layoff until May 2028, it said.
0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like