Fiat Chrysler Avoids Canada Strike With C$400 Million DealFiat Chrysler Automobiles NV reached a tentative agreement with workers in Canada whose union president said will include more than C$400 million ($300 million) in total investment. The deal is subject to an Oct. 16 ratification vote by about 9,750 members. After “mass exodus” of investment from Canada, the union is now seeing “major investment,” he said. Canada lost more than 53,000 automotive jobs from 2001 to 2014, according to a study by the Automotive Policy Research Centre. Raises, BonusesTerms of the tentative agreement also include 2 percent wage increases in the first year and C$6,000 signing bonus, Dias said.

Source: Manila Bulletin October 11, 2016 07:52 UTC