Severance deal close for EMD workers
A negotiated severance package for 465 unionized workers from London’s closed Electro-Motive Diesel plant could be ready for ratification by Thursday.
The Canadian Auto Workers and Caterpillar Inc., Electro-Motive’s parent company, have been in discussions all week, trying to hammer out a final settlement after the company shut down the plan Feb. 3.
The workers were locked out on Jan. 1 after the company wanted pay cuts across the board – some as much as 50 %.
CAW Local 27 president Tim Carrie said Sunday that it will take “a couple more days” to wrap up the discussions.
“We were hoping it could have happened (today) but we’re not just there yet,” he said.
A meeting is scheduled for Thursday at the Marconi Club where Carrie said he is “cautiously optimistic” that a recommendation can be made to the membership.
