CHICAGO Workers 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 10.
Thetford Mines, 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.