General Motors signs four-year labour agreement with Canadian Auto Workers

General Motors Company (NYSE: GM),a United States-based automaker, has signed a tentative four-year labour agreement with Canadian Auto Workers.

This move will curtail the risk of strikes, and leaves Chrysler Group LLC as the last of the major United States automakers without a union deal.

Jim Stanford, a union economist, stated that the contract requires the creation and maintenance of 1,750 jobs, and calls for the automaker to invest CAD675m in its Canadian plants.