SUDBURY, ON, April 2 /CNW/ - CVRD Inco Limited announced today that
striking unionized staff at the Company's Sudbury, Ontario Operations have
voted to accept a new three-year collective bargaining agreement - ending a
labor dispute that began Saturday at midnight.
The 330 members of USW Local 2020, Unit 6600 voted 87.4% in favor of the
new three-year agreement.
Fred Stanford, President of Inco's Ontario Operations, said the contract
includes guaranteed annual minimum salary improvements of 2.75%, 2.5% and
2.25% for the three years of the deal as well as enhanced profit sharing for
the First Quarter of 2007.
"We believe the agreement is fair and addresses the needs of both our
employees and our business," said Stanford. "Today's nickel market is a strong
one, and this contract allows our employees to continue sharing in the
Company's profitability. At the same time, it enables us to move forward with
our growth plans for the nickel business in Sudbury.
"Strikes, even when they are as short-lived as this one, are never a good
thing and we are pleased to have been able to resolve the situation so
quickly. We look forward to continuing to improve the important relationships
we have with our employees and with our unions as we create a long-term future
together for our Sudbury Operations."
For further information:
For further information: Cory McPhee at (705) 682-5202 (work) or (705)