CAW Leadership at GM Unanimously Endorse Restructuring Deal
March 9, 2009, 3:50 PM EST
CAW leadership representing production and skilled trades workers at General Motors in Canada unanimously endorsed the CAW-GM tentative restructuring agreement at a meeting on March 9, in Toronto.
Over three hundred local union and workplace representatives approved the tentative restructuring deal that generates substantial cost savings for the company, including a freeze to base wages and pensions and co-pays on benefits. Cost savings were negotiated by the union as part of the company's overall restructuring program in an effort to obtain government financial assistance.
"The overwhelming positive response we've received from our leadership shows that they understand the severity of this crisis," said CAW President Ken Lewenza. "Although we cannot solve the industry's problems in isolation, we will be part of the solution."
The tentative deal still needs a majority of support by the roughly 10,000 CAW members at General Motors. CAW members are scheduled to vote on the tentative deal at ratification meetings scheduled for March 10 and 11 in Oshawa, St. Catharines, Woodstock and Windsor.
Details of the vote will be made available by the end of day on Wednesday, once all of the votes have been tallied.