Wednesday March 9, 2016
For Immediate Release
Markham, ON – The members of IAM Local Lodge 2913 have ratified a new collective agreement with Autoliv Electronics Canada Inc.
The three-year agreement provides tier one employees with a $1,650 lump sum payment in the first year and wage increases of 2 per cent in the second and third year respectively. Tier one employees also receive a one dollar increase in the pension contribution for their defined benefit pension plan in each year of the agreement. Tier two employees receive a $ .75/hour wage increase in the first year and 3.25 per cent wage increase in the second and third year respectively. Other agreement highlights include:
The 530 members manufacture electronic control modules for air bag deployments and seat belt alarms for the automotive industry.
For further information:
Jim Snider – IAM District Lodge 78 Business Representative
Bill Trbovich – IAM Director of Communications
416-386-1789 Ext #6331/416-735-9765