Wednesday February 28, 2007
For Immediate Release
Mississauga, ON – Members of IAMAW Local Lodge 2243 have ratified a new three-year collective agreement with Filamat Composites Incorporated.
The agreement provides wage increases of 2.5 per cent in the first and second year respectively and 3 per cent in the third year. Other contract highlights include:
- An IAM Pension Plan increase of five cents in each year of the contract
- Increased shift premiums
- Lead Hand premium increases to $ .85/hr in year one, $ .95/hr in year two and $1.05/hr in year three
- Improved eyeglass benefits for employees and their dependents
- Eye Examinations coverage improved to once every two years
- Improved short-term disability benefits
- Additional floating holiday
- Improved contract language
The 69 members of Local Lodge 2243 manufacture fibreglass components for 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.
