GM will also use $1.2 billion from the new bonds to pay off 7% notes, retiring debt held by a trust controlled by Unifor.
Agreement includes a $3,000 signing bonus, full-time jobs to about 300 temporary workers.
Tom Mulcair says new union will solidify the Canadian labour movement at a time when middle-class jobs are under attack.
CEP president Dave Coles will also not run for presidency of the newly merged union, Unifor.
Some former workers saw their basic life insurance benefit cut from more than $100,000 to $20,000.
Negotiations have been ongoing since May.
A revised Statistics Canada estimate puts it at about $544 billion in Q1.
CAW, CEP reveal name and logo of super union.
Unions pleased with measures to strengthen province’s manufacturing sector.
Negotiations on a broader agreement continue as lockout ends.
Automaker says it needs more time for negotiations.
Agreement extends company’s commitment to keep the plant open for at least another year.
400 employees are back to work after two-day strike.
Union accuses parts makers of lack of commitment; and trying to force concessions
CAW, CEP say newly created union will seek to double its size.