General Motors, which is locked in talks with UAW members in the United States, now faces new strike action in Canada following the collapse of negotiations with Unifor.
shares edged cautiously higher in pre-market trading as workers at its three facilities in Canada, under the Unifor union banner, are set to strike after failing to reach a labor agreement by last night's deadline.
"The company continues to fall short on our pension demands, income supports for retired workers, and meaningful steps to transition temporary workers into permanent, full-time jobs," said Unifor National President Lana Payne. Thus far, the near month-long strike has had limited impact on production and sales for the Big 3, with GM posting a 21% rise in U.S. sales over the third quarter, adding that it has around 443,000 vehicles in inventory heading into the final months of the year.
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