First collective agreement ratified at Bank of Canada

    OTTAWA, Dec. 21 /CNW Telbec/ - The first group of workers to organize a
union at the Bank of Canada has ratified a collective agreement after almost
two years of hard bargaining.
    More than 30 security officers at the Bank of Canada voted in favour of
accepting a tentative agreement that, among many other improvements, includes:

    - a 3% wage increase effective January 1, 2008;
    - a job evaluation review of the security officer position to be
      completed by June 1, 2008;
    - joint consultation processes, including participation in the Bank's
      Health and Safety Policy Committee; and
    - a clear grievance and arbitration procedure.

    "Negotiation with this employer wasn't easy," says Rhéal Charron, a
member of the bargaining team. "However, with union recognition, we won a
victory. That should bring in a new culture of labour relations in the
    Negotiations began in January 2006 between the Bank of Canada and the
Public Service Alliance of Canada (PSAC), but the workers sought conciliation
in July 2007.
    "These 34 workers at the Bank of Canada are certainly deserving of this
victory," says Ed Cashman, the PSAC regional vice-president for the National
Capital Region. "They are the first group of workers to organize a union at
the Bank, and they fought hard for two years for a collective agreement. For
PSAC, this first group of workers means the union has its foot in the door."
    The collective agreement expires on December 31, 2008.

For further information:

For further information: Ed Cashman, PSAC REVP-NCR, (613) 297-1924;
Rhéal Charron, bargaining team member, (819) 790-3837

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