General Motors & Canadian Autoworkers’ Union Resume Talks

General Motors Company and Unifor, Canada’s autoworkers union, resumed talks early Monday ahead of a midnight strike deadline, having made little progress over the weekend to resolve the key issue of new investment, according to a report from Reuters that cited the union as saying. Shares climbed 0.9%.

GM and the union have been divided over the latter’s demands that the company commit to building new vehicle models at its Oshawa, Ontario, plant, the news report explained.

Unifor National President Jerry Dias was cited as saying late Sunday the union has not yet received a contract proposal from GM, but he remained confident the automaker will eventually offer a new product for the plant. He pointed out the union will not extend its strike deadline.

Union officials had no additional comment early Monday, the news report said. GM Canada is focused on working with Unifor to reach a “mutually beneficial and competitive new agreement,” spokeswoman Jennifer Wright was cited as saying in an email.

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