Mouska Mine (Abitibi) - Settlement agreed on after two strike votes

    MONTREAL, Dec. 21 /CNW Telbec/ - The 98 Steelworkers at the Mouska mine
accepted a new employment contract yesterday evening. "We got a good
settlement. Even though it took two strike mandates to get Iamgold to see
sense, our members are satisfied with this outcome, which we can now use to
establish a good job atmosphere," declared Marc Thibodeau, union staffer with
the United Steelworkers (FTQ).
    The new employment contract, of three years' duration, provides for wage
increases in the neighbourhood of 12%. The hourly rate is currently $25, on
average. The contract also stipulates a lump-sum payment of $1,000 in the
first year and $500 for each of the subsequent two years.
    The Union's negotiators also secured improved severance pay - $1,000 for
each year of service, to a maximum of $25,000 - in the event of mine closure.
    The Company also agreed to a $4,000 payout for labour union education,
and workers will, furthermore, be entitled to an additional floating holiday.
The vacation plan has been enhanced to encourage vacation between November and
May. The Steelworkers in this local will be entitled to a 20% extra premium.
    Finally, the company pension plan will now include a pre-retirement
annuity for workers between 60 and 65 years of age, who will also - along with
their spouses - be granted access to the insurance plan for a two-year period.
    In conclusion, it should be pointed out that this gold mine is not
mechanized. This so-called traditional mining operation is carried out using
manual labour primarily.

For further information:

For further information: Marc Thibodeau, USW/Syndicat des Métallos
(FTQ), (819) 763-7483

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