Go to the Globe and Mail homepage

Jump to main navigationJump to main content


Report on Business

Executive Insight

Fresh, focused analysis
of today's business news for Globe Unlimited subscribers

Entry archive:

GM, Canada Post contracts expose gap between pension haves and have-nots Add to ...

Subscribers Only

Recent contract settlements at Canada Post and General Motors of Canada expose a widening gap between the pension haves and have-nots in Canada.

The post office, a federal Crown Corporation, tried and failed to close the company’s traditional defined benefit pension plan to new hires.

Meanwhile, GM won a historic concession this week to freeze the auto maker’s defined benefit plan to all new unionized employees – continuing a steady erosion of private-sector pensions. Members of Unifor, the company’s union, are slated to vote Sunday on a new contract that will set the pattern for looming bargaining at Ford and Chrysler in Canada.

Report Typo/Error

Follow on Twitter: @barriemckenna

Also on The Globe and Mail

GM and Unifor reach last-minute deal to avert strike (BNN Video)

Next story




Most popular videos »

More from The Globe and Mail

Most popular