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The Canadian Press – Oct 30, 2023 / 10:35 am | Story: 454675
Photo: The Canadian Press
Air Canada passengers check in at the Vancouver International Airport on June 17, 2008. Air Canada says the country’s passenger rights overhaul will hardly hurt its bottom line.THE CANADIAN PRESS/Darryl Dyck
Air Canada says the country’s passenger rights overhaul will hardly hurt its bottom line.
On a call with analysts Monday, chief financial officer John Di Bert said the financial impact of the reforms will be “incremental.”
He says the full impact of the updated rights charter will become more apparent in 2024, noting there would be some added pressure.
In April, the federal government announced sweeping reforms to the Air Passenger Protection Regulations, with the specifics now being hashed out by Canada’s transport regulator.
The changes appear to scrap a loophole through which airlines have denied customers compensation for flight delays or cancellations when they were required for safety purposes.
The new rules also ratchet up the maximum penalty for airline violations to $250,000 — a tenfold increase — and put the regulatory cost of complaints on carriers.
The Canadian Press – Oct 30, 2023 / 10:34 am | Story: 454674
Photo: The Canadian Press
Icon for the smartphone apps WeChat is shown on a smartphone screen in Beijing, on Aug. 7, 2020. The federal government is banning WeChat and Kaspersky applications from its phones over security concerns. THE CANADIAN PRESS/AP/Mark Schiefelbein
The federal government is banning WeChat and Kaspersky applications from its phones over security concerns.
WeChat is a social network, messaging and payments app from Chinese company Tencent, while Kaspersky was founded by Russian entrepreneur Eugene Kaspersky and offers cybersecurity and antivirus software.
The government says both apps will be removed from its devices today and users will be blocked from downloading WeChat or Kaspersky products in the future.
It says it made the move because the chief information officer of Canada determined that the WeChat and Kaspersky apps present “an unacceptable level of risk to privacy and security.”
The officer says the apps’ data collection methods provide considerable access to the contents of any mobile device they’re on and the government wanted to ensure their networks and data remain secure.
The government says it has no evidence that information has been compromised as a result of employees using the apps.
The Canadian Press – Oct 30, 2023 / 9:38 am | Story: 454661
Photo: The Canadian Press
Canadian businesses using Facebook or Instagram have a new way to mark their authenticity.
The platforms’ owner, Meta Platforms Inc. announced Monday that it has begun testing a paid verification program for businesses using either social network in Canada.
In exchange for $36.99 per month, the Menlo Park, Calif.-based social media giant will give subscribing companies a verification badge confirming their business is authentic and grant them access to proactive monitoring for impersonation.
Other perks include access to support when troubleshooting account issues, along with featuring subscriber companies at or near the top of search results and as a recommended verified business to follow in user feeds.
Businesses are only eligible for the service if their accounts meet what Meta called a minimum tenure, though spokesperson David Troya-Alvarez would not say what the threshold is, “in order to protect against bad actors.”
Meta began testing paid verification for businesses in New Zealand earlier this year. It has said it has learned from its initial tests and plans to add more value to the subscription offering over time.
Meta’s new program follows a wave of initiatives from social media businesses aiming to enhance account verification.
In August, LinkedIn rolled out a new offering to verify the profiles of Canadian members who provide a copy of government identification to a third-party company the business social network had partnered with.
In May, Meta added a pay-for-verification program for “up-and-coming creators” called Meta Verified. It costs $15.99 per month if purchased through a web browser, or $19.99 per month if bought through an iOS or Android device.
Meta Verified promises to authenticate accounts using government ID and mark them with a blue check mark, and give subscribers access to extra customer support with live operators.
Before Meta Verified was launched, X, then called Twitter, began charging users to obtain and maintain a blue check mark and access a slew of other features.
Many of these programs are meant to reduce impersonation.
A 2021 survey of 1,001 people from the Centre for International Governance Innovation found 62 per cent of respondents had experienced online impersonation.
The survey also showed 15 per cent of male respondents and 23 per cent of female respondents witnessed online impersonation.
The Canadian Press – Oct 30, 2023 / 9:37 am | Story: 454660
Photo: The Canadian Press
McDonald’s said it’s pumping the brakes on higher prices and focusing more on value meals after seeing a drop-off in visits by some customers.
The burger giant reported better-than-expected sales in the third quarter Monday. Global same-store sales — or sales at locations open at least a year — rose 8.8% in the July-September period. That was ahead of Wall Street’s forecast of an 8% increase, according to analysts polled by FactSet.
But price increases have weighed on customers. McDonald’s said its U.S. traffic fell slightly in the third quarter as it saw fewer visits from customers with annual incomes of $45,000 or less.
Chief Financial Officer Ian Borden said the company did increase U.S. prices in the third quarter but at a lower rate. McDonald’s expects its U.S. prices will increase just over 10% for the full year, he said.
“Inflation is starting to come down and we expect pricing to come down,” Borden said during a conference call with investors.
But the company also plans to focus on deals. This month, it launched “Free Fries Friday,” offering free medium fries to U.S. customers every Friday until the end of the year if they spend at least $1.
Those kinds of deals have resonated in Europe, where customer spending has been even more pressured this year. The McSmart menu, launched earlier this year in Germany, lets customers build their own small value meals. CEO Chris Kempczinski said the deal helped Germany notch its tenth straight quarter of double-digit sales growth in the July-September period.
In the United Kingdom, the company offered discounts throughout August, including 60% off Big Macs and Chicken McNuggets. And in China, where consumer sentiment is at historic lows, McDonald’s launched small burger bundles.
But Kempczinski said customer perceptions of value go beyond price. The company’s newer stores and faster service times should also continue to be a draw.
“We are focused on maintaining our value leadership and we’re going to do what we need to do to maintain our value leadership. But I think we’ve also got lots of things that go into value,” he said.
McDonald’s revenue rose 14% to $6.69 billion, ahead of the $6.56 billion Wall Street forecast. McDonald’s net income — which included a $26 million charge for a restructuring announced last spring — rose 17% to $2.3 billion.
The Chicago company earned $3.17 per share for the quarter, also beating Wall Street’s forecast of $3.00.
Shares rose 1% Monday.
Kempczinski criticized a rule released last week by the National Labor Relations Board that may classify McDonald’s and other fast food giants as “joint employers” of workers at franchised restaurants, since they set work rules and wages and benefits. Ninety-five percent of McDonald’s U.S. restaurants are owned and operated by franchisees.
The rule could make it easier for workers to unionize, since they could bargain with McDonald’s instead of individual franchisees.
Kempczinski said the new rule, which goes into effect in Dec. 26, will hurt small business owners. He expects the rule will be contested in courts and in Congress.
“In our mind this is yet another example of agency overreach coming out of D.C.,” he said.
The Associated Press – Oct 30, 2023 / 9:32 am | Story: 454658
Photo: The Canadian Press
President Joe Biden on Monday will sign a sweeping executive order to guide the development of artificial intelligence — requiring industry to develop safety and security standards, introducing new consumer protections and giving federal agencies an extensive to-do list to oversee the rapidly progressing technology.
The order reflects the government’s effort to shape how AI evolves in a way that can maximize its possibilities and contain its perils. AI has been a source of deep personal interest for Biden, with its potential to affect the economy and national security.
White House chief of staff Jeff Zients recalled Biden giving his staff a directive to move with urgency on the issue, having considered the technology a top priority.
“We can’t move at a normal government pace,” Zients said the Democratic president told him. “We have to move as fast, if not faster than the technology itself.”
In Biden’s view, the government was late to address the risks of social media and now U.S. youth are grappling with related mental health issues. AI has the positive ability to accelerate cancer research, model the impacts of climate change, boost economic output and improve government services among other benefits. But it could also warp basic notions of truth with false images, deepen racial and social inequalities and provide a tool to scammers and criminals.
The order builds on voluntary commitments already made by technology companies. It’s part of a broader strategy that administration officials say also includes congressional legislation and international diplomacy, a sign of the disruptions already caused by the introduction of new AI tools such as ChatGPT that can generate new text, images and sounds.
Using the Defense Production Act, the order will require leading AI developers to share safety test results and other information with the government. The National Institute of Standards and Technology is to create standards to ensure AI tools are safe and secure before public release.
The Commerce Department is to issue guidance to label and watermark AI-generated content to help differentiate between authentic interactions and those generated by software. The order also touches on matters of privacy, civil rights, consumer protections, scientific research and worker rights.
An administration official who previewed the order on a Sunday call with reporters said the to-do lists within the order will be implemented and fulfilled over the range of 90 days to 365 days, with the safety and security items facing the earliest deadlines. The official briefed reporters on condition of anonymity, as required by the White House.
Last Thursday, Biden gathered his aides in the Oval Office to review and finalize the executive order, a 30-minute meeting that stretched to 70 minutes, despite other pressing matters including the mass shooting in Maine, the Israel-Hamas war and the selection of a new House speaker.
Biden was profoundly curious about the technology in the months of meetings that led up to drafting the order. His science advisory council focused on AI at two meetings and his Cabinet discussed it at two meetings. The president also pressed tech executives and civil society advocates about the technology’s capabilities at multiple gatherings.
“He was as impressed and alarmed as anyone,” deputy White House chief of staff Bruce Reed said in an interview. “He saw fake AI images of himself, of his dog. He saw how it can make bad poetry. And he’s seen and heard the incredible and terrifying technology of voice cloning, which can take three seconds of your voice and turn it into an entire fake conversation.”
The possibility of false images and sounds led the president to prioritize the labeling and watermarking of anything produced by AI. Biden also wanted to thwart the risk of older Americans getting a phone call from someone who sounded like a loved one, only to be scammed by an AI tool.
Meetings could go beyond schedule, with Biden telling civil society advocates in a ballroom of San Francisco’s Fairmont Hotel in June: “This is important. Take as long as you need.”
The president also talked with scientists and saw the upside that AI created if harnessed for good. He listened to a Nobel Prize-winning physicist talk about how AI could explain the origins of the universe. Another scientist showed how AI could model extreme weather like 100-year floods, as the past data used to assess these events has lost its accuracy because of climate change.
The issue of AI was seemingly inescapable for Biden. At Camp David one weekend, he relaxed by watching the Tom Cruise film “Mission: Impossible — Dead Reckoning Part One.” The film’s villain is a sentient and rogue AI known as “the Entity” that sinks a submarine and kills its crew in the movie’s opening minutes.
“If he hadn’t already been concerned about what could go wrong with AI before that movie, he saw plenty more to worry about,” said Reed, who watched the film with the president.
With Congress still in the early stages of debating AI safeguards, Biden’s order stakes out a U.S. perspective as countries around the world race to establish their own guidelines.
After more than two years of deliberation, the European Union is putting the final touches on a comprehensive set of regulations that targets the riskiest applications for the technology. China, a key AI rival to the U.S., has also set some rules.
U.K. Prime Minister Rishi Sunak also hopes to carve out a prominent role for Britain as an AI safety hub at a summit this week that Vice President Kamala Harris plans to attend. And on Monday, officials from the Group of Seven major industrial nations agreed to a set of AI safety principles and a voluntary code of conduct for AI developers.
The U.S., particularly its West Coast, is home to many of the leading developers of cutting-edge AI technology, including tech giants Google, Meta and Microsoft and AI-focused startups such as OpenAI, maker of ChatGPT. The White House took advantage of that industry weight earlier this year when it secured commitments from those companies to implement safety mechanisms as they build new AI models.
But the White House also faced significant pressure from Democratic allies, including labor and civil rights groups, to make sure its policies reflected their concerns about AI’s real-world harms.
The American Civil Liberties Union is among the groups that met with the White House to try to ensure “we’re holding the tech industry and tech billionaires accountable” so that algorithmic tools “work for all of us and not just a few,” said ReNika Moore, director of the ACLU’s racial justice program.
Suresh Venkatasubramanian, a former Biden administration official who helped craft principles for approaching AI, said one of the biggest challenges within the federal government has been what to do about law enforcement’s use of AI tools, including at U.S. borders.
“These are all places where we know that the use of automation is very problematic, with facial recognition, drone technology,” Venkatasubramanian said. Facial recognition technology has been shown to perform unevenly across racial groups, and has been tied to mistaken arrests.
Digital rights advocate Alexandra Reeve Givens, president of the Center for Democracy & Technology, said she was pleased that the Biden administration focused on both the emergent risks of new AI systems and “the many ways in which AI systems are already impacting people’s rights” in workplaces, housing, education and administering government benefits.
The Canadian Press – Oct 30, 2023 / 9:30 am | Story: 454657
Photo: The Canadian Press
Teck Resources Ltd. says Harry (Red) Conger will retire as president and chief operating officer, effective Wednesday.
He is also expected to step down from Teck’s board of directors at the same time.
Teck says chief executive Jonathan Price will assume the role of president, while a search will be conducted to fill the chief operating officer job.
Conger joined Teck in September 2020 as executive vice-president and chief operating officer.
He was promoted to president and chief operating officer in September 2022.
The move comes as Teck continues to review options for its steelmaking coal business.
Andrew Hughes / Squamish Chief – Oct 30, 2023 / 7:11 am | Story: 454646
Photo: Glacier Media
In the last couple of weeks, Woodfibre LNG has been hosting virtual reality viewings of what the liquefied gas natural gas export facility will look like on the ground when complete.
On Wednesday, Oct. 18 and Thursday, Oct. 26, WLNG hosted 15 to 20-minute sessions at Executive Suites Hotel with the VR tech for those interested in learning more about the facility.
Glacier Media attended one session and could see the compressor station, flare, floating storage and other aspects at the site.
The technology allowed the user to see it from a ground-level point of view, but also have a look from above. The user could move throughout the site relatively easily. Additionally, several WLNG employees were on hand to point out different aspects of the site and explain additional details.
If local residents missed these two sessions, a spokesperson from WLNG said the company would be having future sessions with the technology, likely in early 2024.
In July 2023, representatives from WLNG took media members on a site tour on the western shore of Átl’ka7tsem Howe Sound. While there, the representatives explained how it would look while crews were busy preparing the land for the future export facility.
Since then District of Squamish staff have relayed some information to council about the progress of the facility, which was most recently discussed at the Oct. 17 regular business meeting. It is expected that the temporary use permit application for the floating worker accommodation (floatel) will be presented to council in the coming months along with a public hearing.
For more information about the liquefied natural gas export facility, visit woodfibrelng.ca.
Video shot by Jayne Czarnocki.
The Associated Press – Oct 30, 2023 / 6:56 am | Story: 454630
Photo: The Canadian Press
UPDATE: 6:55 a.m.
General Motors and the United Auto Workers union reach a tentative contract agreement, according to an AP source.
The deal follows the pattern set with Ford last week and Jeep maker Stellantis over the weekend.
Those deals will last four years and eight months and include 25% general pay raises and cost of living adjustments. Combined they bring the wage increase to over 30% over the four year and eight month life of the contract.
The person briefed on the matter, who didn’t want to be identified because they were not authorized to speak publicly aid the deal, was to be announced early Monday.
ORIGINAL: 6:10 a.m.
Pressure is rising on General Motors as the lone holdout in a strike targeting all three big Detroit automakers after a tentative contract agreement with Jeep maker Stellantis was reached with the United Auto Workers union over the weekend.
The UAW reached a tentative agreement last week with Ford and it wasted no time in hitting GM where it hurts financially as the strike enters its seventh week.
Nearly 4,000 unionized workers on Saturday walked out of GM’s largest North American plant in Spring Hill, Tennessee, hours after the deal with Stellantis was announced. They join about 14,000 GM workers already striking at factories in Texas, Michigan and Missouri.
Spring Hill produces the engines for vehicles assembled at nine plants as far afield as Mexico, including Silverado and Sierra pickups. It’s a big money maker for GM that amplifies the company’s financial pain after workers walked off the job last week in Arlington, Texas, where full-size SUVs including the Tahoe and Suburban are produced. Vehicles assembled at the Spring Hill plant now joining the strike include the electric Cadillac Lyriq, GMC Acadia and Cadillac crossover SUVs.
“The Spring Hill walkout affects so much of GM’s production that the company is likely to settle quickly or close down most production,” said Erik Gordon, a University of Michigan business professor. The union wants to wrap negotiations with all three automakers so “Ford and Stellantis workers don’t vote down (their) tentative agreements because they want to see what GM workers get.”
The Stellantis deal mirrors one reached last week with Ford, and saves jobs at several plants, the UAW said.
Presidents of the Ford union locals voted unanimously in Detroit on Sunday to endorse that tentative contract after UAW President Shawn Fain explained its details, the union tweeted.
As he explained the particulars to the full membership in a later livestream, Fain, along with Chuck Browning, the UAW vice president, said the deal represents a “historical inflection point” for reviving union power in an America where “we were being left behind by an economy that only works for the billionaire class.”
“UAW members at Ford will receive more in straight general wage increases over the next 4 1/2 years than we have over the last 22 years combined,” Browning said.
Fain called the deal “a turning point in the class war that has been raging in this country for the past 40 years.”
The Ford and Stellantis pacts, which would run until April 30, 2028, include 25% in general wage increases for top assembly plant workers, with 11% coming once the deal is ratified.
The Ford agreement revives cost-of-living adjustments that the UAW agreed to suspend in 2009 during the Great Recession.
Talks continued over the weekend with GM.
At Stellantis, workers get cost-of-living pay that would bring raises to a compounded 33%, with top assembly plant workers making more than $42 per hour. Top-scale workers there now make around $31 per hour.
Gordon, the University of Michigan professor, said the Stellantis deal “shows that the car companies feel they are at the mercy of the UAW, that the UAW is not going to give any mercy.”
Starting wages for new Stellantis hires will rise 67% including cost-of-living adjustments to over $30 per hour. Temporary workers will get raises of more than 165%, while workers at parts centers will get an immediate 76% increase if the contract is ratified.
Like the Ford agreement, it will take just three years for new workers to get to the top of the assembly pay scale, the union said. Similarly, the union won the right to strike over plant closures.
Bruce Baumhower, president of the local union at a large Stellantis Jeep factory in Toledo, Ohio, that had been on strike since September, said he expected workers to vote to approve the deal because of pay raises including the immediate 11% raise on ratification. “It’s a historic agreement as far as I’m concerned.”
Stellantis is not out of the woods, however.
Overnight, 8,200 Stellantis workers in Canada represented by a different union, Unifor, walked off the job. General Motors workers in Canada have already voted to ratify a three-year contract agreement with the company.
“Negotiations between Unifor and Stellantis continue with progress being made. Stay tuned for further updates,” Unifor said in a prepared statement.
The UAW began targeted strikes against all three automakers on Sept. 15 after its contracts with the companies expired. At the peak, about 46,000 UAW workers were on strike — about one-third of the union’s 146,000 members at all three companies.
Shares of major automakers were flat before the opening bell Monday.
The Canadian Press – Oct 30, 2023 / 6:53 am | Story: 454643
Photo: The Canadian Press
Air Canada reported surging profits in its latest quarter as consumers continued to spend on travel, despite higher inflation and interest rates weighing on their wallets.
The country’s biggest airline saw net income for its third quarter jump to $1.25 billion from a half-billion-dollar loss in the same period a year earlier.
On Monday, chief executive Michael Rousseau said demand remains “very stable.”
Passenger revenues for the quarter ended Sept. 30 leaped 22 per cent year-over-year, he said. Adjusted earnings also surpassed those from 2019, the last year before the COVID-19 pandemic wreaked havoc on the travel industry.
The frothy earnings arrived despite lower flight capacity than four years ago and business from corporate customers sitting 25 per cent to 30 per cent below pre-pandemic demand, said network planning head Mark Galardo.
The smaller fleet may have contributed to a relatively weak on-time performance, which saw Air Canada rank ninth out of 10 major North American airlines, according to aviation data firm Cirium. Some 68 per cent of the carrier’s 32,000-plus flights in September arrived on time, versus between 76 per cent and 86 per cent for the top seven airlines, including WestJet.
Rousseau pointed to Air Canada’s nearly 90 per cent load factor — a key metric measuring the proportion of available seats filled by passengers — as one reason for the delays.
“While this signals that we use our assets very effectively, one consequences is it puts extra pressure on the operations. That said, our on-time performance progressively improved throughout the quarter,” he told analysts on a conference call.
Executives also acknowledged stiffening competition in the domestic, cross-border and sun destination markets, as Porter Airlines, Lynx Air and Flair Airlines embark on rapid expansions.
“Competition will continue to evolve. In particular, we’ve seen some moves into seasonal markets,” Galardo said, referring to those airlines’ heightened focus on sun-splashed getaways.
“We know we must continue to invest in our business and continuously improve to remain competitive and attract customers and maintain their loyalty,” Rousseau added.
Net income amounted to $3.08 per diluted share for the quarter ended Sept. 30 compared with a loss of $1.42 per diluted share a year earlier, the airline said.
Operating revenue totalled $6.34 billion, up 19 per cent from $5.32 billion in the same quarter last year, boosted by higher passenger revenues.
On an adjusted basis, Air Canada says it earned $3.41 per diluted share in its latest quarter compared with an adjusted profit of $1.07 per diluted share in the same quarter last year, far exceeding analyst predictions.
Analysts on average had expected an adjusted profit of $2.15 per share for the quarter, according to estimates compiled by financial markets data firm Refinitiv.
In its outlook, Air Canada said its adjusted cost per available seat mile for 2023 is expected to be about 1.5 per cent to 2.25 per cent above 2022 levels compared with earlier expectations its adjusted CASM would rise 0.5 per cent to 1.5 per cent.
The Canadian Press – Oct 30, 2023 / 6:08 am | Story: 454629
Photo: The Canadian Press
Unifor announced Monday it has reached a tentative deal with Stellantis, ending a brief strike at the automaker.
More than 8,200 workers represented by Unifor had walked off the job at Stellantis facilities in Canada after the two sides failed to reach a deal by a Sunday deadline, however the union and the company continued to negotiate through the night.
The union said that while the strike was brief, it was an “important act of solidarity and determination.”
“It demonstrated the strength of our union and provided your bargaining team with the means to achieve a tentative agreement that meets both the core economic demands in the union’s pattern agreement and our Stellantis specific demands,” Unifor national president Lana Payne, Stellantis master bargaining chairperson James Stewart and Vito Beato, Stellantis master bargaining acting vice-chairperson, said in statement.
The deal with the automaker behind such brands as Fiat, Chrysler, Dodge and Jeep comes after Unifor reached earlier agreements with Ford Motor Co. and General Motors. A strike by Unifor at GM also lasted less than a day.
Stellantis North America chief operating officer Mark Stewart said he was proud of the negotiating teams and thankful for their commitment.
“Once ratified, this agreement will reward our 8,000 represented employees and protect the long-term health of our Canadian operations,” Stewart said in a statement.
Details of the Stellantis agreement were not immediately available, but Unifor had been seeking the automaker to agree to the same core economic terms the union reached with the other big companies.
The union said last week it was also working on specifics from Stellantis on its electric vehicle plans for its Canadian plants.
Union members at Ford and GM ratified deals that will see workers get close to 20 per cent wage gains over three years, among numerous other improvements.
In the U.S., Stellantis had seen escalating strikes over the past six weeks from United Auto Workers members at its operations there, but the company reached a tentative deal with the union as of Saturday.
Tom Krisher And Haleluya Hadero, The Associated Press – Oct 28, 2023 / 2:30 pm | Story: 454432
Photo: The Canadian Press
Jeep maker Stellantis has reached a tentative contract agreement with the United Auto Workers union that follows a template set earlier this week by Ford, two people with knowledge of the negotiations said Saturday.
The deal, which still has to be ratified by members, leaves only General Motors without a contract with the union. The agreement could end a six-week strike by more than 14,000 workers at Stellantis assembly plants in Michigan and Ohio, and at parts warehouses across the nation.
Like workers at Ford, the strikers at Stellantis are expected to take down their picket lines and start returning to work in the coming days, before 43,000 union members vote.
The people, who asked not to be identified because they are not authorized to speak publicly about the talks, said most of the main points of the deal at Ford will carry over to Stellantis.
The Ford pact includes 25% in general wage increases over the next 4 1/2 years for top assembly plant workers, with 11% coming once the deal is ratified. Workers also will get cost-of-living pay that would bring the raises to over 30%, with top assembly plant workers making more than $40 per hour. At Stellantis, top-scale workers now make around $31 per hour.
Like the Ford contract, the Stellantis deal would run through April 30, 2028.
The deal is also expected to include some news about a now-idled factory in Belvidere, Illinois, which the company had planned to close.
Democratic U.S. Rep. Bill Foster, who represents Belvidere in Congress, said he’s received indications that electric vehicles will be produced at the site, which will be expanded to include a new battery factory. Stellantis had indefinitely shut down the plant in the spring and laid off the 1,350 employees who worked there.
Foster said he’s been working with Illinois Gov. J.B. Pritzker’s office and other state and local officials to reopen the facility. State officials are expected to offer the company an incentive package as part of the deal.
Bruce Baumhower, president of the local union at a large Stellantis Jeep factory in Toledo, Ohio, that has been on strike since September, said he expects workers will vote to approve the deal because of the pay raises above 30% and a large raise immediately.
“Eleven percent is right on the hood,” he said. “It’s a historic agreement as far as I’m concerned.”
Some union members have been complaining that Fain promised 40% raises to match what he said was given to company CEOs, but Baumhower said that was UAW President Shawn Fain’s opening bid.
“Anybody who knows anything about negotiations, you always start out much higher than you think is realistic to get,” he said.
Jermaine Antwine and other Stellantis workers picketing outside the automaker’s Sterling Heights, Michigan, were excited Saturday after hearing news of a tentative deal.
“Anytime you reach a tentative agreement, it’s a good thing,” said Antwine, 48, of Pontiac, Michigan. “It shows both sides have come to a mutual agreement somewhere within the numbers they started with.”
“Ultimately, the numbers they did come to agree with is what the UAW wanted,” said Antwine, who has spent 24 years with the automaker and is a team leader in materials at the Sterling Heights plant.
Talks were under way with General Motors on Saturday in an effort to reach a similar agreement. Over 14,000 workers at GM remain on strike at factories in Texas, Michigan and Missouri.
The union began targeted strikes against all three automakers on Sept. 15 after its contracts with the companies expired.
The union and Stellantis went into intense negotiations on Thursday, the day after the Ford deal was announced, and finalized the agreement on Saturday.
UAW workers began their targeted strikes with one assembly plant from each company. The strikes were expanded on Sept. 22, adding 38 GM and Stellantis parts warehouses. Assembly plants from Ford and GM were added the week after that, and then the union hit Ford hard, taking down the Kentucky Truck Plant in Louisville, the company’s largest and most profitable factory.
At the peak, about 46,000 workers were on strike against all three companies, about one-third of the union’s 146,000 members at the Detroit three. Automakers laid off several thousand more as parts shortages cascaded through their manufacturing systems.
Under the Ford deal, workers with pensions also will see small increases when they retire, and those hired after 2007 with 401(k) plans will get large increases. For the first time, the union will have the right to go on strike over company plans to close factories. Temporary workers also will get large raises, and Ford agreed to shorten to three years the time it takes for new hires to reach the top of the pay scale.
Other union leaders who followed more aggressive bargaining strategies in recent months have also secured pay hikes and other benefits for their members. Last month, the union representing Hollywood writers called off a nearly five-month strike after scoring some wins in compensation, length of employment and other areas. This summer, the Teamsters also secured new pay hikes and benefits for unionized UPS workers after threatening a nationwide strike at the delivery company.
The Canadian Press – Oct 27, 2023 / 6:35 pm | Story: 454354
Photo: The Canadian Press
CMHC President and CEO Romy Bowers speaks to reporters in Toronto, Friday, June 16, 2023. Infrastructure Canada says the Bowers is stepping down. THE CANADIAN PRESS/Christopher Katsarov
Federal Housing Minister Sean Fraser says a search is underway for a new CEO of Canada’s housing agency after current leader Romy Bowers has said she’s stepping down.
Fraser says in a news release that Bowers will be leaving the role in December to take a job as director of the office of risk management at the International Monetary Fund.
Bowers took on the role as head of CMHC in April 2021. Before that, she was chief risk officer at the agency.
The government says that CMHC chief financial officer Michel Tremblay will step into the role of CEO until it can conduct an “open, transparent, and merit-based” selection process to find a replacement for Bowers.
Her departure comes as Canada’s housing affordability crisis worsens under the weight of high interest rate, inflation, and a deep mismatch between supply and demand.
The search for a new leader of the federal housing agency comes as the government works to select people for various CMHC board of director positions.
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