Union wants automakers to invest

The Canadian Auto Workers union, which made concessions when the big U.S. automakers were struggling, says it wants to share in the profits now that the industry has “turned the corner.”

As it geared up for contract talks slated to begin this week, the union said Monday that the automakers need to invest in their Canadian facilities as a means of boosting job security.

CAW economist Jim Stanford said it’s only natural that the workers should reap some benefits now that the auto sector has improved.

“The industry has certainly turned the corner since 2009,” Stanford said.

“The fact that the industry is doing so well and the companies’ profit margins are so strong should make for an easier round of bargaining, but there will be some real tough challenges. In any round of bargaining, the companies always threaten the workers that they’ll lose their jobs if they don’t cut their wages.”…

via Union wants automakers to invest in facilities as both sides gear up for talks | CanadianBusiness.com.

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