Ford Motor Co. and the Canadian Auto Workers ratified a three-year labor contract that their union plans to use as a pattern for negotiations with General Motors Corp. and Chrysler LLC.
Canadian Auto Workers President Buzz Hargrove said the union and General Motors Corp. will meet Thursday to start negotiations on a new three-year contract.
During a media briefing Monday, Hargrove said talks should move quickly since the union will be using the same contract reached with Ford Motor Co.
Hargrove said he intends to resist any suggestions of creating a two-tier wage system for workers and wants GM to promise new products that will be built in its Canadian plants. GM's current contract expires in September.
There is no deal without new products, Hargrove said.
Ford seemed the most open to working with us. It will be very difficult for GM or Chrysler to say there is something wrong with this pattern that Ford says makes them more competitive,'' Hargrove said in the interview today.
GM has said it is reviewing the Ford accord but had no comments on the pending negotiations.
Shares of GM fell 84 cents, or 3.6 percent, to close at $22.36.