Unifor leadership hopes the $1.6 billion in investments it secured from the Detroit Three automakers during 2016 labour negotiations can turn around Canada's ailing auto manufacturing sector.
Whether those investments will save the industry in Canada could depend in large part on what happens over the next four years.
Experts say a turnaround is unlikely without more investment and that those negotiated will only stop the bleeding.
The contracts with the Detroit Three lock into place significant investments in some of the automakers' plants that the union identified as being in danger: General Motors' Oshawa assembly plant, Fiat Chrysler's Brampton assembly plant and Ford Motor Co.'s Essex engine plant.
Those gains locked into the contracts, which also include wage gains and a new defined-contribution retirement plan for workers, could spark a turnaround in the Canadian auto industry's fortunes, Unifor President Jerry Dias said.
"The 2016 negotiations on behalf of our members were an incredible success," Dias said. "We have reached agreements with the Detroit Three where they are investing and we are moving forward."
The Canadian auto industry has seen better days. According to Statistics Canada, the industry has shed about 45,000 jobs since 2001, when data is first available on its online database.