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Reports out of Canada tip off that reps for Canadian autoworkers are now meeting with management...
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Friday, September 14, 2012, 10:35 AM ETReports out of Canada tip off that reps for Canadian autoworkers are now meeting with management for the Big Three around the clock in an attempt to work out a labor agreement before Monday night's contract expiration deadline of 11:59 PM. Industry insiders say labor and pension costs more in line with the UAW contract in the U.S. are a must for Ford (F +1.4%), General Motors (GM +2.5%), Chrysler (FIATY.PK), while the CAW wants to avoid a broad two-tier wage system that allows automakers to hire new workers at lower wages.
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