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Friday, Sep 14
2012, 10:35 AM
Reports out of Canada tip off that reps for Canadian autoworkers are now meeting with management...
Reports 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.