Word: pacts
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Dates: during 1980-1989
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...outcome was as unexpected as it was speedy. When General Motors and the United Auto Workers began negotiating in late September, it seemed that only a prolonged strike could force GM to agree to a new three-year pact that would satisfy the union. But last week, after just eight days of formal meetings, the largest U.S. automaker and the union representing 335,000 GM workers came to terms...
Sources close to the talks said the GM pact closely parallels the one that the U.A.W. and Ford reached in September. That contract gave Ford workers a 3% wage hike in the first year, along with 3% lump-sum payments in both the second and third years. Far more important to the U.A.W. was the issue of job security. The Ford deal imposed a moratorium on plant closings and barred layoffs for any reason other than a severe sales slump. From GM, the U.A.W. apparently received similar assurances about future employment levels, but in an important concession, the union will...
...more closely intertwined than those of Canada and the U.S. Canada sends fully 77% of its exports to the U.S., while America puts Canadian addresses on 21% of its shipments. Now that tight and sometimes tumultuous relationship stands to become even tighter, thanks to the historic new trade pact between the two nations...
Mulroney is counting on the pact to give a boost to a country that at the moment has a modest surplus in world trade. From 1980 to 1984, Canada's exports surged from $67.7 billion to $90.3 billion, fueled largely by sales to the U.S. of such products as softwood lumber, newsprint, autos and trucks. By 1986, however, exports had slipped to $89.7 billion, partly as a result of a falloff in Canada's revenues from oil sales. Canada had an $11 billion trade surplus with the U.S. last year, but a $5 billion deficit with the rest...
...proposed three-year contract contains job-security provisions that will give workers unprecedented protection against layoffs. The pact, which is expected to be handily ratified by the U.A.W. rank and file, also includes improved pension and health benefits, along with a first-year 3% wage hike. (The base pay of the average Ford union worker is now $13.42 an hour.) In the second and third years of the contract, the employees would receive 3% bonus payments...