"We're going to continue to have discussions with them about solutions", Jerry Dias, national president of Unifor, the union that represents workers at the plant, told Reuters after a meeting he had with GM officials at the No. 1 USA automaker's Detroit headquarters. Going into the Tuesday meeting, he has voiced optimism a solution could be found.
"We studied all of the different proposals in detail, some of which we studied in detail before, and they all added substantial incremental cost and they would not address the economic situation that we have with the shift in the marketplace". "Having completed an analysis of Unifor's proposals, GM has determined that it can not pursue them because they would not combat the declining economic and market factors that must be addressed".
David Paterson, vice-president of corporate affairs at GM Canada, says the union should instead work with the company on timing and transition plans for the close to 3,000 affected jobs. Retirement benefits include about $3,500 a month, a $20,000 vehicle voucher, and a lump sum payment of about $50,000, said Paterson. "We talked to them how what you are doing doesn't make sense".
After he returned from the meeting with GM, Dias told reporters in a press conference in Windsor, Ontario, that the union was looking at its legal options regarding whether the Detroit company violated the labor contract.More news: HEAT 82 - Hawks 106 Game Recap | Miami Heat
GM said in a letter to Dias that it had already considered several proposals including those the union raised at the meeting. He stopped short of calling for a boycott, but said Canadians are furious that GM wants to close the plant after Canada bailed out GM with almost $11 billion in 2008.
Dias called on the federal and provincial governments not to accept the closure, adding he is "disgusted" by their silence on the matter given the potential hit to the economy. However, Prof. Mordue said he was surprised GM offered no guarantees of extended or continued production at its plant in Ingersoll, Ont., which makes the Equinox model, a vehicle also made in Mexico.
The union is hosting a major solidarity rally on Friday at 11 a.m.at Dieppe Gardens in Windsor.
The union now plans to escalate its advertising campaign as part of its continued attempts to save the Oshawa plant.More news: Acer's Predator Triton 900 is an R85k convertible gaming laptop
"They have the ability to keep a product in Oshawa which is an award-winning facility", he said. "It's a simple question of choice", said Dias. He noted that GM fulfilled its repayment obligations under the last bailout. "GM today has not only picked a fight with Unifor, but picked a fight with all of Canada".
GM said there will be no further allocation of products for Oshawa and is holding firm in its decision.
"We expect a brighter spotlight to be placed on GM Cruise in 2019, leading to a more appropriate value for this business being priced into the shares", Carlson wrote.
Volpe acknowledged that investors have responded positively to the restructuring from a product perspective and capacity utilization perspective, but said GM is "so much more than the stock ticker".More news: Bohemian Rhapsody played by Buckingham Palace Royal Guards after Golden Globes win