It may be a bit premature to be celebrating at GM Canada plants in Southern Ontario.
At least one local expert says there may be a glitch in the tentative agreement reached between the company and Unifor.
McMaster business professor Marvin Ryder likes the fact that General Motors is planning to invest million of dollars in its Ontario operations, but he points out the company has included a phrase that says it will be “working with government on potential support.”
Ryder believes GM will be asking for a multi-million dollar low interest loan from Ottawa and Queen’s Park.
He’s not sure what would happen to the investments if that money doesn’t come through.
In addition to a wage increase, the agreement will keep the Oshawa facility open beyond a feared shutdown in 2019 and move some production from Mexico to the St. Catharines plant.
Unifor president Jerry Dias says workers will vote on the agreement on Sunday.