Members of the United Steelworkers’ Local 6166 at Inco‘s (N-T) Thompson, Manitoba operations approved a new three-year collective agreement on Sunday.
In a prepared statement the union said the new deal, "significantly increases pensions, boosts wages by an average of 4.3%, and improves coverage for accident and sickness."
Under the agreement, retiring workers with 30 years of service will receive a pension of $3,000 per month. Benefits for workers off as a result of sickness or accident increase to $575 per week for a maximum of 104 weeks, from $450 for 52 weeks.
Also under the deal, a savings fund plan that had been cut back in the previous contract has been reinstated at payment based on 2% of base wages.
The union said that by the end of the new contract, which expires on Sept. 15, 2005, the average wage would be around $25 an hour. The average could be boosted by as much as $1.32 per hour, depending on the cost of living adjustment.
Inco’s 145,000-tonne-per-year nickel plant at Thompson employs about 1,400 people; the union represents around 1,000 of them. The operation churns out more than 45,000 tonnes of nickel annually.
Be the first to comment on "Inco inks Thompson pact (September 16, 2002)"