More than $1.5B in Canadian auto investments will reverse fortunes, Unifor says
TORONTO — The three big North American automakers have committed to investing more than $1.5 billion in their Canadian operations as a result of contract talks with their unionized workers, a move that Unifor says will revitalize the country’s auto sector.
The union, which represents more than 23,000 auto workers in Canada, heralded the settlements hours after it reached a tentative agreement with Ford, concluding its negotiations with the so-called Detroit Three.
“This has been a real home run,” Unifor president Jerry Dias said in an interview Tuesday.
“This is the first time in over decade that we are going to see a real reversal of the fortunes of the auto industry here in Canada.”