at Canadian foundry Metallurgy Castech Inc. have signed a new
eight-year collective bargaining agreement, the United
Steelworkers union said.
"The employer wants to
invest in the company. It is in this context that we have
agreed to conclude a (longer) collective agreement, (under
which) members get their money with good working conditions,"
USW representative Gordon Ringuette said in a statement June
Quebec-based Castech casts, machines and performs welding
assembly of carbon, stainless and alloy steel parts for
industries including mining, pulp and paper, hydropower, wind
energy and manufacturing.
Under the new
contract, workers will receive annual raises of 2.25 percent
for the first three years of the contract, 2.75 percent during
the next two years and 3 percent for the last three years,
among other benefits.
The annual employer contribution to retirement plans will
also rise and Castech will assume half the cost of the group
insurance plan, the USW said.