Four-year settlement - THE SOCIÉTÉ DE TRANSPORT DE LAVAL AND ITS DRIVERS REACH AN AGREEMENT UNTIL 2014

LAVAL, QC, Jan. 17 /CNW Telbec/ - The Société de transport de Laval (STL) is pleased to announce the renewal of its drivers' labour contract, which expired last July 31.

In fact, the agreement in principle between the Employer and the Union was reached last week and was ratified at a general meeting on Sunday morning.

Under the terms of their negotiations, the two parties reached an agreement responding to their respective issues:

The terms of the agreement contain two major components:

  • Pay increases of 2% were granted for each of the four years of the labour contract.
  • In addition, the parties consented to make various amendments to their collective agreement in order to allow for greater operational flexibility and generate savings. The two parties agreed to reinject the majority of these savings into the employees' pension plan so as to resolve the present deficit situation. The employees also agreed to increase their own contributions to their pension fund.

"This settlement bears witness to all parties' willingness to ensure the health and sustainability of this pension plan," stated Pierre Giard, General Manager of the STL.

This agreement sets the tone for renewing the labour contracts that will soon have to be signed with the Company's other unionized employees.


SOURCE SOCIETE DE TRANSPORT DE LAVAL

For further information:

Marie-Céline Bourgault
Director, Communications and Marketing
Société de transport de Laval
450 662-5429
mcbourgault@stl.laval.qc.ca

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