Monday June 26, 2006
For Immediate Release
L’Assomption, QC. – The members of IAMAW Local Lodge 1148 have ratified a new three-year collective agreement with Electrolux Canada Corporation.
The new agreement calls for a one-time wage increase of $600 in the first year, 2 per cent in the second year and 2.2 per cent in the third year. Pension improvements include:
- Early retirement improved to unreduced pension at age 61
- Early retirement bonus of $600 per year of service for members age 61 with at least 15 years of service and benefit coverage to age 65
Other agreement improvements include contract language, vacations, grievances, sub contracting, shift time banking, the inclusion of a closure premium of $400 per year of service in the event of a complete shop closing as well as addressing health and safety issues.
The 1,100 members, who manufacture refrigerators and electric ranges, ratified the agreement by a 64 per cent margin.
