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TORONTO (Reuters) - The head of the Canadian Auto Workers union said on Monday there is no reason to go back to the bargaining table to reopen a cost-cutting agreement with General Motors Canada.
CAW President Ken Lewenza was responding to remarks made by Canadian Industry Minister Tony Clement earlier on Monday in which Clement signaled that he does not think that a cost-cutting deal GM reached with the CAW goes far enough.
Lewenza also told a news conference that the CAW will not break away from pattern bargaining in its current cost-cutting talks with Chrysler.
Ottawa said on Monday it will offer bridge loans of C$4 billion ($3.17 billion) to GM and Chrysler while they work on new restructuring plans.
Reporting by John McCrank, writing by Jennifer Kwan; editing by Peter Galloway