March 30, 2009 / 6:42 PM / in 9 years

No reason to go back to table with GM, CAW says

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.

<p>Canadian Auto Workers union president Ken Lewenza speaks at a news conference in Toronto, March 27, 2009. REUTERS/Peter Jones</p>

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.

($1=$1.26 Canadian)

Reporting by John McCrank, writing by Jennifer Kwan; editing by Peter Galloway

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below