Ford Motor
General Motors
The new agreement, instead of starting workers at $24 an hour and taking six years to reach $34 an hour, will cut starting wages and take 10 years to reach the $34 rate, according to The Globe and Mail report.
Some 21,000 Canadian auto workers were set to go on strike if a deal was not reached. Auto executives at the Detroit-based companies claim that Canada is now the most expensive country in the world to make cars, and the newly profitable auto industry is trying to cut costs.
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