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General Motors of Canada Ltd. workers in Oshawa, Ont., will be offered retirement incentives of as much as $120,000 and the company's new flexible manufacturing plant will begin producing front-wheel-drive vehicles alongside the rear-wheel-drive Camaro under a deal the Canadian Auto Workers union has struck with the auto maker.
Production of one front-wheel-drive vehicle will begin in 2010 and output of another in 2013 in addition to the Camaro and another rear-wheel-drive model, union officials said after concluding a deal that ends weeks of negotiations with GM and a bitter dispute over the company's plan to close its truck plant in Oshawa next year.
Skilled trades workers with 30 years experience will receive a $120,000 retirement incentive and a $35,000 voucher for a new GM vehicle. Production workers with 30 years seniority will be eligible for a $100,000 retirement incentive and the car voucher.
Workers at the low end of the seniority scale will also be eligible for retirement incentives. Production workers with less than three years on the job will receive a $37,500 payment – skilled trades employees will get $45,000 – and will be eligible for all benefits except for the company's dental program for six months after they leave.
In addition, workers with between 26 and 30 years experience will be paid 65 per cent of their wages until they reach the 30-year level, as well as receive retirement incentives and the car voucher.
GM has signed letters promising to add new products to the new flexible assembly plant in Oshawa as well as extend production of the Chevrolet Impala at its existing Oshawa car plant for an addition year, to 2013.
The money for the buyouts will come from a special GM fund and not the company's supplementary unemployment benefits (SUB) fund, which also receives contributions from the union.
They will be made available to all 8,700 CAW members working at the three GM assembly plants in the city.
The union will drop the grievance it has filed over the closing of the truck plant scheduled for next year and agree to end a two-shift rotation at the truck plant as of Dec. 31, instead of insisting such an arrangement continue until the plant closes.
Production at the truck plant is scheduled to be reduced to one shift in September. The union insisted during contract negotiations in May that GM rotate the time off between two shifts rather than eliminating an entire shift.
General Motors of Canada Ltd. workers in Oshawa, Ont., will be offered retirement incentives of as much as $120,000 and the company's new flexible manufacturing plant will begin producing front-wheel-drive vehicles alongside the rear-wheel-drive Camaro under a deal the Canadian Auto Workers union has struck with the auto maker.
Production of one front-wheel-drive vehicle will begin in 2010 and output of another in 2013 in addition to the Camaro and another rear-wheel-drive model, union officials said after concluding a deal that ends weeks of negotiations with GM and a bitter dispute over the company's plan to close its truck plant in Oshawa next year.
Skilled trades workers with 30 years experience will receive a $120,000 retirement incentive and a $35,000 voucher for a new GM vehicle. Production workers with 30 years seniority will be eligible for a $100,000 retirement incentive and the car voucher.
Workers at the low end of the seniority scale will also be eligible for retirement incentives. Production workers with less than three years on the job will receive a $37,500 payment – skilled trades employees will get $45,000 – and will be eligible for all benefits except for the company's dental program for six months after they leave.
In addition, workers with between 26 and 30 years experience will be paid 65 per cent of their wages until they reach the 30-year level, as well as receive retirement incentives and the car voucher.
GM has signed letters promising to add new products to the new flexible assembly plant in Oshawa as well as extend production of the Chevrolet Impala at its existing Oshawa car plant for an addition year, to 2013.
The money for the buyouts will come from a special GM fund and not the company's supplementary unemployment benefits (SUB) fund, which also receives contributions from the union.
They will be made available to all 8,700 CAW members working at the three GM assembly plants in the city.
The union will drop the grievance it has filed over the closing of the truck plant scheduled for next year and agree to end a two-shift rotation at the truck plant as of Dec. 31, instead of insisting such an arrangement continue until the plant closes.
Production at the truck plant is scheduled to be reduced to one shift in September. The union insisted during contract negotiations in May that GM rotate the time off between two shifts rather than eliminating an entire shift.
