By Allison Lampert
MONTREAL (Reuters) - Canadian workers who assemble Bombardier Inc's turboprops and the company's new top-of-the-line business jet on Saturday reached a tentative agreement with the company just hours ahead of a strike deadline, the union said.
Unifor, the union representing the 1,600 workers, has previously said its members were looking for a three-year contract with greater job security on the company's strong-selling Global 7500 business jet, among other demands.
A Bombardier spokesman confirmed that a tentative agreement has been reached. Union members are set vote on Sunday to ratify the agreement.
The long-range jet, which is to enter service this year, is a critical part of Bombardier's strategy to grow business aircraft revenues to $8.5 billion in 2020, up from $5 billion in 2017.
The union talks follow Bombardier's May announcement that it had agreed to sell the sprawling Downsview site, the company's largest land asset, to a Canadian pension fund for approximately $635 million. Bombardier will continue to operate from Downsview for a period of up to three years, with two optional one-year extension periods.
(Reporting By Allison Lampert)
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