GM Strike: Why Are Workers Striking in Ontario?

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General Motors Company (NYSE:GM) is dealing with a strike from some of its workers in Ontario.

GM Strike: Why Are Workers Striking in Ontario?

The GM strike is taking place at the company’s CAMI plant in Ingersoll. This plant is responsible for the production of Chevrolet Equinox. It also previously made the Terrain, but production of that is now taking place in Mexico.

Members of the Unifor union are seeking an agreement from GM. The workers are unhappy with the decision to move Terrain production to Mexico, which caused 600 jobs to be lost at the plant. The goal of this GM strike is for an agreement that the plant will become the main manufacturer of the Chevrolet Equinox.

Unifor and GM were already in talks about these plans, but an agreement couldn’t be reached. This kicked off the current GM strike, which started on Sunday evening. The members of the union are blaming the shift in Terrain production on the North American Free Trade Agreement and cheap labor in Mexico. Some Chevrolet Equinox production already takes place in Mexico, reports Reuters.

In an effort to bring an end to the GM strike, the automotive company is seeking to resume negotiations with Unifor. GM currently employs 2,800 members at the CAMI plant and its previous deal with Unifor expires this month.

“I would say the biggest issue is job security about the [Chevrolet] Equinox,” Mike Van Boekel, Unifor 88 local plant chair, told CBC News Canada. “We’re looking for a letter to guarantee that the work will stay here.”

As of this writing, William White did not hold a position in any of the aforementioned securities.


Article printed from InvestorPlace Media, https://investorplace.com/2017/09/gm-strike-general-motors/.

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