CVRD Inco employees ratify new three-year agreement
CVRD Inco Limited announced today that striking unionized staff at the Company’s Sudbury, Ontario Operations have voted to accept a new three-year collective bargaining agreement – ending a labor dispute that began Saturday at midnight.
The 330 members of USW Local 2020, Unit 6600 voted 87.4% in favor of the new three-year agreement.
Fred Stanford, President of Inco’s Ontario Operations, said the contract includes guaranteed annual minimum salary improvements of 2.75%, 2.5% and
2.25% for the three years of the deal as well as enhanced profit sharing for the First Quarter of 2007.
“We believe the agreement is fair and addresses the needs of both our employees and our business,” said Stanford. “Today’s nickel market is a strong one, and this contract allows our employees to continue sharing in the Company’s profitability. At the same time, it enables us to move forward with our growth plans for the nickel business in Sudbury.
“Strikes, even when they are as short-lived as this one, are never a good thing and we are pleased to have been able to resolve the situation so quickly. We look forward to continuing to improve the important relationships we have with our employees and with our unions as we create a long-term future together for our Sudbury Operations.”
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