A tentative agreement has been reached between Fiat-Chrysler’s Canadian operations and Unifor.
Union president Jerry Dias announced the deal just minutes before a strike deadline of 11:59 p.m. Monday night.
He said the four-year agreement includes a commitment from Fiat Chrysler to spend $325 million to rebuild the paint shop at the automaker’s assembly plant in Brampton and to build a hybrid vehicle at its facility in Windsor.
Dias said the agreement matches the economic pattern established in a contract signed with General Motors last month.
The GM deal included investment commitments, a two per cent wage increases in years one and four, a $6,000 ratification bonus, $2,000 lump sums payments in year two, three and four and benefit improvements.
Dias said the agreement followed what he called “one very difficult set of negotiations.”
Fiat-Chrysler workers will vote on the tentative agreement on Sunday, and Unifor said if approved, Unifor would immediately hold talks with Ford.
Fiat-Chrysler employs 9,750 workers at assembly plants in Brampton and Windsor as well as at a casting plant in Toronto.