For Immediate Release
Peterborough, ON – Members of IAMAW Local Lodge 905 have ratified a new collective agreement with Safran Electronics Canada Inc.
“Last chance mediation was required prior to accomplishing an agreement recommended by the Local 905 bargaining committee” said Bill Shipman, Grand Lodge Representative. “This is unfortunately the rule rather than the exception in aerospace parts manufacturing today largely as a result of a protracted sluggish recovery in this industry and Global corporate interests more than willing to take advantage of it.”
The three-year agreement provides for wage increases of 1 per cent in the first year, 2 per cent in the second year and 2.5 per cent in the third year. Employer pension contributions to the Defined contribution plan will increase and they range from 3 per cent to 7.50 per cent depending upon the age of the employee.
The 33 members manufacture high-tech circuitry and avionics for the commercial and military aerospace industry.
IAMAW, among the largest industrial trade unions in North America, represents more than 700,000 active and retired members, and administers more than 5,000 contracts in transportation, woodworking, aerospace, manufacturing and defense related industries.
Peterborough, ON – Members of IAMAW Local Lodge 905 have ratified a new collective agreement with Safran Electronics Canada Inc.
“Last chance mediation was required prior to accomplishing an agreement recommended by the Local 905 bargaining committee” said Bill Shipman, Grand Lodge Representative. “This is unfortunately the rule rather than the exception in aerospace parts manufacturing today largely as a result of a protracted sluggish recovery in this industry and Global corporate interests more than willing to take advantage of it.”
The three-year agreement provides for wage increases of 1 per cent in the first year, 2 per cent in the second year and 2.5 per cent in the third year. Employer pension contributions to the Defined contribution plan will increase and they range from 3 per cent to 7.50 per cent depending upon the age of the employee.
The 33 members manufacture high-tech circuitry and avionics for the commercial and military aerospace industry.
IAMAW, among the largest industrial trade unions in North America, represents more than 700,000 active and retired members, and administers more than 5,000 contracts in transportation, woodworking, aerospace, manufacturing and defense related industries.