GM pressures union to scrap DB pension

Could swapping concessions for production contracts secure new work?
By Sabrina Nanji
|Canadian Labour Reporter|Last Updated: 04/27/2015

General Motors' future in Oshawa has been rocky of late — and with the automaker reportedly pressuring the union to scrap its current pension plan, the outlook is becoming even more cloudy.

Scrapping the defined benefit portion of the pension plan for new-hires at the assemblies in Oshawa and St. Catharines, Ont., could be one route to breed vehicle production contracts, key labour players have noted.

With one plant slated for closure in 2016 and no current contracts on the horizon for the other, Unifor president Jerry Dias said any talks before official bargaining begins next year would be speculative and informal.