Unifor Says Pattern Agreement Includes Reactivation Of Cost Of Living Allowance In December 2024; Includes New Quarterly Payment Unique To Canadian Retirees, Called The Universal Health Care Allowance
Portfolio Pulse from Benzinga Newsdesk
Unifor, the Canadian labor union, has announced a pattern agreement that includes the reactivation of the Cost of Living Allowance in December 2024. The agreement also includes a new quarterly payment for Canadian retirees, called the Universal Health Care Allowance.
October 10, 2023 | 5:27 pm
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The new agreement by Unifor may impact General Motors (GM) as it could potentially increase the company's labor costs in Canada.
The new agreement by Unifor, which includes the reactivation of the Cost of Living Allowance and a new quarterly payment for retirees, could potentially increase labor costs for companies operating in Canada, such as GM. This could negatively impact GM's profitability in the short term.
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