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Ottawa / AFP
The Ford Motor Company reached a new labor agreement with the union representing more than 6,400 auto workers at the company’s plants in Canada, averting a strike.
The deal includes a commitment from Ford — similar to those offered by General Motors and Fiat Chrysler in earlier talks — to invest more than Can$630 million (US$470 million) in its Canadian operations.
The union, Unifor, pushed hard for new local investments by the Big Three automakers to plug a bleeding of jobs from Canada to its southern neighbors.
Unifor president Jerry Dias said Ford had complained about the difficulties of remaining competitive in Canada. Last week, Ford announced its earnings had dropped by more than 50 percent during the third quarter due to slower than expected sales and the cost of introducing a new line of trucks.