(Reuters) – Local union leadership in Canada across all Ford Motor Co (N:) locals in both trades and production approved the tentative deal reached between Unifor and the company, the union said http://newsfile.refinitiv.com/getnewsfile/v1/story?guid= on Sunday.
Ford will invest C$1.95 billion ($1.46 billion) in its Oakville and Windsor plants in Canada as part of a tentative deal with Canadian autoworkers was announced last week.
The federal government, along with the Ontario government, is willing to invest in turning the Oakville plant over to the production of electric vehicles, an investment that could keep the facility open for years, a government source confirmed on Tuesday.
Ratification meetings are being held on Sunday to consider the tentative agreement’s details and vote results will be made available on Monday, the union said in a statement.
($1 = 1.3384 Canadian dollars)
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.