GE and CAW ratified agreement includes Peterborough Centre of Excellence
PETERBOROUGH, ON, Feb. 19, 2013 /CNW/ - GE and the Canadian Auto Workers (CAW)
reached a collective agreement on Sunday, February 17(th), 2013. The
agreement includes a significant investment in GE's Peterborough facility to
create a North American Centre of Excellence (CoE) for large slow speed motors.
"GE is committed to building our Peterborough business and continuing our long
history as an employer of choice in the Peterborough area," said Elyse Allan,
President and CEO, GE Canada. "We believe this ratified agreement sets the
stage for building a competitive operation and a world class Centre of
Through a multi-year, multi-phased restructuring program GE will invest in
process and capital equipment upgrades to transform the motors facility into a
globally competitive operation. This will position GE Peterborough to compete
for incremental business in multiple industries.
The initial investment will include approximately $21 million for the first
phase of restructuring with an additional $5 million investment to support the
wind and solar businesses for a total investment of approximately $26
million. GE anticipates that this investment will enable the company to
generate Industrial Regional Benefits in support of pending commitments.
GE will continue to aggressively pursue significant marine opportunities with
the Canadian Government for the National Shipbuilding Procurement Strategy.
If successful, Peterborough will be GE's production facility of choice to meet
demand for propulsion motors, generators and other components for these ships,
potentially resulting in additional jobs at the facility.
GE (NYSE: GE) works on things that matter. The best people and the best
technologies taking on the toughest challenges. Finding solutions in energy,
health and home, transportation and finance. Building, powering, moving and
curing the Not just imagining. Doing. GE works. For more information, visit
the company's website at www.ge.com.
In Canada, GE has operations across the country, including major
manufacturing, sales and service locations with 7,000 employees. Follow GE
Canada on Twitter at: http://twitter.com/GE_Canada and YouTube at
Media Contacts: Court Elliott GE Communications/PA 1.905.858.6130
1.647.281.7073 (mobile) email@example.com
SOURCE: General Electric Canada Inc.
To view this news release in HTML formatting, please use the following URL:
CO: General Electric Canada Inc.
NI: HOU LABOR LBR ORDER
-0- Feb/19/2013 18:30 GMT
Press spacebar to pause and continue. Press esc to stop.