Canada Auto Union Nears Deal With Chrysler
The Canadian Auto Workers union says it is close to reaching a new labor deal with Chrysler.
CAW spokeswoman Shannon Devine said Wednesday it is quite possible the union will reach an agreement Wednesday night. The union wants Chrysler to match the deals it has reached with Ford and GM.
The Ford and GM contracts cut wages for new hires and freeze pay for current workers. But the contracts also give them lump-sum payments to cover inflation and for ratifying the deal.
Under the agreements, GM and Ford will pay new workers 60 percent of the current top wage of $33.89 Canadian dollars (US$34.74). That would mean new workers would be paid around CA$20.33 ($20.84). They can move up the wage scale and reach the top wage in 10 years.