CIBC Workers reject latest offer by 94 per cent

    SUDBURY, ON, Feb. 29 /CNW/ - Striking CIBC employees in Sudbury, members
of United Steelworkers' (USW) Local 2020, have rejected the latest offer from
the bank by 94 per cent.
    "After seven weeks on strike, the bank came back to the table and offered
a wage increase that was an embarrassment to bring to the members," said USW
Staff Representative Jim Kmit. "The bank increased its wage offer by a maximum
of 15 cents per hour from the offer they made seven weeks ago when the strike
began. We warned CIBC that nickel and diming their employees would only get a
stronger strike mandate and we were correct."
    The USW called the bank with the vote result and told CIBC's lawyer that
the union remains prepared to bargain.
    "His comment was, 'we told you that is our final offer'," said Kmit,
adding that "it's clear CIBC does not want to bargain a fair and reasonable
    "The picket lines will stay up until CIBC decides to make an acceptable
offer," said Kmit.
    It is ironic, he said, that CIBC was recently named one of Canada's "Best
Employers for New Canadians for 2008".
    "Whoever made that decision should pay a visit to our picket line."

For further information:

For further information: Jim Kmit, (705) 675-2461, ext. 224

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