Gm Reaches Agreement

Below you will find a calendar of events that led to the preliminary agreement that still needs to be approved by workers: GM confirmed in a statement that the proposed interim agreement has been reached and that additional details “will be provided in due course.” The company`s shares closed up 1.1% on Wednesday, while major market indices ended lower. GM shares have fallen nearly 6% since Sept. 13, before the strike began. The UAW sued GM for its restructuring plan and said it violated a 2015 collective agreement. TORONTO – Unifor`s Master Bargaining Committee has reached a preliminary agreement that is unanimously recommended for 1,700 members working at General Motors in St. Catharines, Oshawa and Woodstock to avoid a strike this morning. Unifor`s National President will provide further information at a press conference that will be livestreamed on Facebook tomorrow morning. No further comment will be made until then…