financetom
Business
financetom
/
Business
/
Ford, Canada's Unifor reach tentative deal on labor contract
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Ford, Canada's Unifor reach tentative deal on labor contract
Jul 11, 2026 7:05 PM

July 11 (Reuters) - Ford Motor said on Saturday it has reached a tentative agreement with Canadian auto union Unifor on a three-year national labor contract. 

The contract covers more than 5,000 unionized employees in Canada, the company said. 

Here is what to know: 

-- Ford and Unifor did not immediately respond outside regular business hours to a Reuters request for comment on details of the agreement.

-- Unifor began negotiations with Ford last month, commencing talks on new contracts with Detroit's Big Three automakers: Ford, General Motors and Stellantis, seeking better pay, job security and benefits for its nearly 19,000 members at those companies.

-- The union said last month it had started with Ford because the automaker has been most committed to continuing its operations in Canada.

-- The agreement is subject to ratification by Ford-Unifor members.

-- Existing collective agreements between Unifor and the automakers expire on September 20.

-- The union began talks earlier than usual, citing worsening economic conditions.

-- Some 6,000 workers have been laid off across plants owned by the three automakers as the companies have shifted or paused production at several facilities.

(Reporting by Akanksha Khushi in Bengaluru)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Pan American Silver Sells La Arena Gold Mine and La Arena II Project in Peru for US$245 Million and Royalties
Pan American Silver Sells La Arena Gold Mine and La Arena II Project in Peru for US$245 Million and Royalties
Dec 3, 2024
06:26 AM EST, 12/03/2024 (MT Newswires) -- Pan American Silver ( PAAS ) on Tuesday said it completed the sale of a 100% stake in La Arena S.A., which owns the La Arena gold mine and the La Arena II project in Peru. The buyer, Zijin Mining Group subsidiary Jinteng (Singapore) Mining, paid US$245 million in cash and granted Pan...
Pan American Silver Completes $245 Million Sale of La Arena to Zijin Mining Group Unit
Pan American Silver Completes $245 Million Sale of La Arena to Zijin Mining Group Unit
Dec 3, 2024
06:24 AM EST, 12/03/2024 (MT Newswires) -- Pan American Silver ( PAAS ) said Tuesday that it has completed the sale of its La Arena unit to Zijin Mining Group's Jinteng (Singapore) Mining unit for $245 million in cash. The unit owns the La Arena gold mine and the La Arena II project in Peru, Pan American said. Pan American...
US Steel Takeover by Nippon Steel Faces Potential Opposition From Trump
US Steel Takeover by Nippon Steel Faces Potential Opposition From Trump
Dec 3, 2024
06:24 AM EST, 12/03/2024 (MT Newswires) -- United States Steel's ( X ) proposed takeover by Japan's Nippon Steel will be opposed by President-elect Donald Trump once he takes office, Trump said in a Truth Social post. I will block this deal from happening. Buyer Beware!!! Trump wrote on Monday, further adding that he will introduce a series of tax...
BlackRock to buy HPS Investment for $12 bln in major private credit push
BlackRock to buy HPS Investment for $12 bln in major private credit push
Dec 3, 2024
Dec 3 (Reuters) - BlackRock ( BLK ) will buy private credit firm HPS Investment Partners for about $12 billion in an all-stock deal, the companies said on Tuesday, as the world's largest asset manager seeks to expand in a red-hot market. Private credit, or lending to companies by institutions other than banks, has grown rapidly in recent years as...
Copyright 2023-2026 - www.financetom.com All Rights Reserved