Ford workers agree to cost-cuting deal
Ford workers approved a cost-cutting agreement with management that includes shutting down a manufacturing plants in Canada in 2011, a move that will cut 1,500 jobs, the Canadian Auto Workers The Canadian Auto Workers (CAW; formally the National Automobile, Aerospace, Transportation and General Workers Union of Canada) is one of Canada's largest and highest profile trade unions. union said.
"No one should mistake workers' approval as satisfaction with the new agreement," CAW President Ken Lewenza said after the agreement passed with 83 percent of the vote.
"Members had faith in the union to negotiate the best agreement possible and protect their interests over the long term, but the problems faced by industry cannot be resolved at the bargaining table," Lewenza added.
Besides the loss of some 1,500 jobs at the Ford plant in St. Thomas, Ontario St. Thomas is a city in southwestern Ontario, Canada. It is the seat for Elgin County and part of the greater London urban area, gaining its city charter on March 4, 1881. History
The city, located at the intersection of two historical roads, was first settled in 1810. , that will close in the third quarter of 2011, the October 30 deal also includes a reduction in vacation, break times and co-payments on health care.
The agreement, which expires in September 2012, includes a commitment by the US automaker to keep at least 10 percent of its North American North American
named after North America.
North American blastomycosis
see North American blastomycosis.
North American cattle tick
see boophilusannulatus. production in Canada.
No estimates were provided on the savings the cost-cutting agreement will entail.
The deal is the second cost-cutting agreement reached between the CAW and Ford in 18 months.
Although Ford did not accept bailout money from the US government like Chrysler and General Motors did, the CAW said Ford followed the pattern set out earlier in the year by its US rivals to cut significant portions of their Canada operations as part of restructuring.
In their deals, GM and Chrysler workers accepted 16-dollars and 19-dollars-per-hour pay cuts respectively.
Chrysler and GM both filed for bankruptcy and received billions of dollars in US government aid. Canada's government also pumped billions of dollars into the companies as part of packages to keep their auto manufacturing operations Manufacturing operations concern the operation of a facility, as opposed to maintenance, supply and distribution, health, and safety, emergency response, human resources, security, information technology and other infrastructural support organizations. here afloat.
The St. Thomas plant produces the Ford Crown Victoria For the Police Interceptor version used by law enforcement, see Ford Crown Victoria Police Interceptor. For the 1979–1991 version known as the LTD Crown Victoria, see Ford LTD Crown Victoria. -- a model routinely chosen by US police forces and New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of taxis -- as well as the Mercury Grand Marquis The Mercury Grand Marquis is a full-size rear-wheel drive sedan sold by the Mercury division of the Ford Motor Company and manufactured at the St. Thomas Assembly Plant in Canada. It was also built in St. Louis, Missouri until 1985. .