Ford Motor Co. and Unifor have tentatively reached a new agreement that could secure a large investment in Canada’s manufacturing sector and create hundreds of new jobs.
With the tentative deal Ford would spend $1.95 billion to upgrade and retool its facilities in Canada. The majority of that money, $1.8 billion, would go toward bringing the production of five electric vehicles (EVs) to the Oakville Assembly Plant, The Canadian Press reports.
We reported yesterday the federal and Ontario governments were offering up to $500 million to secure the deal. There has been no official word yet if that formed part of the tentative agreement.
The approximately 6,300 Unifor workers will vote to ratify the deal this weekend, which came just before the bargaining deadline of 11:59pm EST last night.