Navistar International Corp., which received more than $60-million from the federal and Ontario governments earlier this decade to help keep open its heavy-truck plant in Chatham, Ont., laid off all the employees at the plant yesterday and warned that the operation needs to be “smaller and radically different.”
The warning from plant manager Craig Holmes came after the Canadian Auto Workers union rejected a contract offer calling for a large reduction in the size of the plant’s unionized work force and cuts to wages and benefits.
June 30 (Bloomberg) — Oshkosh Corp. won a $1.06 billion contract to build all-terrain trucks that would protect troops in Afghanistan from roadside bombs. Shares of the company, which said it may share production, surged in late New York trading.
The contract is for 2,244 vehicles, the U.S. Defense Department said on its Web site today. Oshkosh beat a joint venture between Force Protection Inc. and General Dynamics Corp., as well as entries from BAE Systems Plc, and Navistar International Corp., the largest maker of blast-proof trucks for the U.S. military.
TORONTO — With some workers set to go on strike, others trying to reach an agreement after their contract has expired and still others set to enter a gruelling set of negotiations, the Canadian Auto Workers won’t be taking a summer holiday any time soon.
About 250 members of the union could be on strike as early as Wednesday morning if they’re unable to reach a deal with their employer, a division of heavy-equipment dealer Toromont Industries Ltd. (TSX:TIH).
Meanwhile, a CAW contract with Navistar has expired without a new agreement and the two sides have ceased negotiations for the time being.