Electro-Motive strikes closeout deal with CAW, ratification vote Thursday

Electro-Motive Canada says it has reached a tentative closeout deal for the “safe and orderly” shutdown of its locomotive manufacturing plant in London, Ont. The unit of U.S. heavy equipment giant Caterpillar Inc. says the deal is subject to a ratification vote Thursday by members of the CAW. Details of the agreement, which covers severance and other financial issues, were unavailable. Electro-Motive shut down the southwestern Ontario plant earlier this month and is moving the work to a plant in Indiana after locking out 450 hourly workers in a pay dispute. The company had demanded wage cuts of nearly half so the plant could be in line with labour costs at its U.S. plants.
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