General Motors plans to invest $1.3 billion to reopen its assembly plant in Oshawa, Ontario. The announcement came during a news conference on November 5th to discuss the tentative agreement Unifor had reached with GM. The news means about 2,000 workers and possibly up to 2,500 if a third shift is added would, in coming years, be working at the plant, which GM had previously decided to "unallocate."
The deal, which still needs to be ratified, would see workers producing Chevrolet Silverado and GMC Sierra pickups in 2022. Unlike investments announced as part of recent Ford and FCA negotiations, GM’s deal does not include an electric vehicle production component.
GM released a short statement confirming the news, but the automaker did not provide additional details:
“Subject to ratification of our 2020 agreement with Unifor, General Motors plans to bring pickup production back to the Oshawa Assembly Plant while making additional investments at the St. Catharines Propulsion Plant and Woodstock Parts Distribution Centre.”
In addition to the developments at Oshawa, the deal calls for $109 million to be invested in the next three years at St. Catharines which will mean additional transmissions to supply the Chevrolet Equinox and a new program to build transmissions for the Chevrolet Corvette as well as engines to complement the existing portfolio.
If GM's deal follows the pattern at Ford and FCA, it would include 5% hourly wage increases, a $7,250 signing bonus, $4,000 inflation bonus, shift premiums and the restoration of the 20% wage differential for skilled trades. Unifor represents about 19,400 workers among the Detroit Three.