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| Version 0 | Version 1 |
|---|---|
| Union reaches agreement with GM | Union reaches agreement with GM |
| (10 minutes later) | |
| The Canadian Auto Workers Union has ratified an agreement with General Motors that will reduce labour costs at the troubled US carmaker. | The Canadian Auto Workers Union has ratified an agreement with General Motors that will reduce labour costs at the troubled US carmaker. |
| The cost-cutting agreement was called for by the Canadian government as a condition of its joint bail-out of GM. | The cost-cutting agreement was called for by the Canadian government as a condition of its joint bail-out of GM. |
| The deal to cut wages, pensions and benefits was approved by 86% of the members who voted. | The deal to cut wages, pensions and benefits was approved by 86% of the members who voted. |
| US unions will meet GM on Tuesday to find out how many more factory jobs the carmaker plans to cut. | US unions will meet GM on Tuesday to find out how many more factory jobs the carmaker plans to cut. |
| GM has asked for a 3bn Canadian dollar ($2.7bn; £1.7bn) loan from the Canadian government and the government of the province of Ontario. | |
| As a condition of the loan, the governments said that GM had to cut its costs so that they were competitive with Toyota Canada, which is non-unionised. | |
| Union boss Ken Lewenza said his members had little choice but to accept the deal, which will keep GM's Canadian factories open. | |
| "They understand the crisis in the auto industry," he said. |