CAW's Chrysler deal matches Ford, GM pacts
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Chrysler Group reached agreement with the Canadian Auto Workers union last week on a four-year contract that provides $9,000 in bonuses in lieu of raises but no guarantees of new hires and future production.
The contract covers 8,000 Chrysler employees at a casting plant and two assembly plants that build minivans and large cars. The agreement is identical to those reached earlier last month with Ford Motor Co. and General Motors, the CAW said.
The agreement allows the automakers to hire future new workers at a lower wage rate, but unlike the companies' agreements in the United States, the new hires in Canada eventually reach the same pay level as existing employees.
You can reach Larry P. Vellequette at lvellequette@crain.com.
