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(Bloomberg) — Ford Motor Co. and the national representing its Canadian employees ratified a declaration that volition mean wage increases and bonuses for thousands of workers, with the automaker committing to an concern successful a southwestern Ontario motor plant.
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Hourly workers volition person a 9% wage summation implicit the three-year span of the agreement, Ford said successful a quality merchandise connected Sunday. Eligible full-time imperishable employees volition get a C$10,000 ratification bonus, portion impermanent employees volition suffice for C$2,000.
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The corporate statement includes a caller C$700 cardinal ($499 million) concern astatine its Essex Engine Plant located successful Windsor, Ontario, successful summation to a antecedently planned C$550 cardinal for its Oakville assembly factory, which is astir to ramp up accumulation of ample pickup trucks.
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Ford said the caller wealth for the Essex works volition “maximize 5.0-liter motor production” and enactment the manufacturing of adjacent larger engines. Many of those parts are shipped to Ford’s US assembly plants.
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The motor installation is simply a abbreviated thrust from the Gordie Howe International Bridge, a caller span that’s yet acceptable to unfastened this month, and is designed to velocity commercialized flows betwixt Canada and the US for the automotive and different sectors.
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“This statement is astir investing successful our radical and Canada’s future,” Ford Chief Executive Officer Jim Farley said successful a statement.
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Farley besides spoke retired successful favour of the US-Mexico-Canada Agreement, which the Trump medication has truthful acold refused to renew. “A strong, integrated North American manufacturing strategy is indispensable to our competitiveness, and a revised USMCA is captious to fending disconnected the outgo and currency advantages enjoyed by imported vehicles from Korea and Japan,” helium said.
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The union, known arsenic Unifor, represents astir 5,000 Ford workers successful Canada.
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