Agreements provide wage, benefit and pension gains
TORONTO: Employees at Bombardier’s de Havilland facility in Toronto have ratified two new collective agreements.
The Canadian Auto Workers union says the agreements provide wage, benefit and pension gains as well as retirement incentives.
CAW Local 112 represents 1,800 production and skilled trades workers at the aerospace facility. They voted 87% in favour of the agreement.
Local 673 represents 450 office, technical and professional workers who overall voted 70% in favour June 24.
The new agreements provide an increase of more than seven per cent in average earnings, including projected cost of living allowance, over the three years. They also provide a 9.7% increase in basic pension, two separate increases in current retirees pensions, and several improvements in benefits.
Jerry Dias, assistant to the CAW president, said protecting job security was key to reaching an agreement.
© 2012 The Canadian Press