How safe are your retirement savings?

As we watch the global financial meltdown and the wild daily gyrations of the stock market, a common question is “what will the effect on pension plans and other retirement savings?”. If I am in a pension plan, will the stock market decline affect my pension? What is happening to the money in my RRSP, or other savings? Should I be moving my money? Will it affect my retirement? The

Machinists sign first agreement with Dylatech! (Latest News from CMS)

Mississauga, ON – Members of IAMAW Local Lodge 1922 have ratified their first collective agreement with Dylatech Incorporated. The agreement provides three incremental wage increases in the first year of $ .20/hour, $ .30/hour, and $ .30/hour respectively. The second year has three incremental wage increases of $ .20/hour for a total of $1.40/hour over the life of the agreement. The current average wage is $11.00/hour. Other agreement highlights include :

Machinist Care Workers Sign First Agreement!

Thursday October 30, 2008 For Immediate Release Toronto, ON – Members of IAMAW Local Lodge 1295 employed by the Ukrainian Canadian Care Centre have ratified their first collective agreement. The three-year agreement provides wage increases of 2.25 per cent in the first year and 2.5 per cent in each of the remaining two years. Some workers will also receive wage adjustments to equalize pay scales. Other agreement highlights include : *

Machinists sign new deal with TTC

Thursday October 30, 2008 For Immediate Release Toronto, ON – Members of IAMAW Local Lodge 235 have ratified a new collective agreement with the Toronto Transit Commission. The three-year agreement provides wage increases of 3 per cent in each year. Other agreement highlights include : * Improved medical and dental benefits * Skilled trades premium increased from $ .10/hour to $ .35/hour The 45 members perform maintenance servicing on TTC streetcars

Metler Toledo signs new agreement with Machinists!

Monday October 27, 2008 For Immediate Release Montréal, QC – Members of IAMAW Local Lodge 2727 weighed their options and decided to ratify a new collective agreement with Metler Toledo by an 85 per cent margin. The new four-year agreement provides wage increases of 2.25 per cent retroactive to January 1, 2008, 2.25 per cent in the second year, and 2 per cent in third and fourth year respectively. “This

Machinists Ink New Deal with Robco!

Thursday October 16, 2008 For Immediate Release Lachine, QC – Members of IAMAW Local Lodge 1660 have ratified a new five-year collective agreement with Robco Incorporated. The new agreement which is retroactive to February 1, 2008 provides wage increases of 3 per cent in each year. Other agreement highlights include : Grievance procedure improvements Meal allocation increases from $10.30/hour to $14.50/hour over the life of the agreement Team premium improved by

Machinists Continue to Grow at Trudeau Airport

Thursday October 2, 2008 For Immediate Release Montréal, QC – Twenty employees of Gestion-Air have turned to the International Association of Machinists and Aerospace Workers for workplace representation. “These employees realized after a period of time that their demands to their employer through their employee committee had no real results,” explained IAMAW District 140 Organizer Robert Savoie. “We had been talking with them for more than a year and they

Unions link together on submission to final hearings at inquiry into 2000 death of smelter worker

FOR IMMEDIATE RELEASE 29 SEPTEMBER 2008 FLIN FLON, MB – Unions representing workers at the Hudson Bay Minerals mining and smelting complex in Flin Flon are meeting Monday in anticipation of the resumption and final hearings of the Inquiry into the 2000 death of Steve Ewing on Tuesday Sept. 30 at the Flin Flon courthouse. The United Steelworkers (USW), International Association of Machinists and Aerospace Workers (IAM), and the International

Machinists welcome Metal Fabricators!

Tuesday September 23, 2008 For Immediate Release Toronto, ON – Employees of Blok-Lok Metal Fabrication are the newest members of IAMAW Local Lodge 235. “It was a short two-week organizing campaign in which the workers made it very clear they wanted better treatment and better wages,” explained IAMAW District 78 Organizer Scott Jackson. “The company tried to talk the employees out of joining our union but the workers were determined

Hamilton Airport Workers Join Machinists!

Tuesday September 16, 2008 For Immediate Release Hamilton, ON – A lack of employer respect and continual staff shortages at Hamilton International Airport were the key factors for Swissport employees joining the IAMAW. The 35 new members include lead hands and station attendants employed by Swissport to provide aircraft handling services for West Jet, Sky Service and Globe Span aircraft. “We have been talking to these workers for almost a