TORONTO, Feb. 18, 2014 /CNW/ - On the eve of the strike deadline, Momentum Credit Union gave their first full and final offer for a five year collective agreement after three months of negotiations. The employer refused to address many issues unless the union agreed to eliminate post-retirement benefits and end the defined benefit pension plan for the remaining employees covered by the plan. Their offer was overwhelmingly rejected by our members of the Canadian Office and Professional Employees Union, Local 343 (COPE). Our members determined that the concessions they were facing and their employer's failure to address their concerns left them with no alternative but to take strike action for a fair collective agreement.
The employer's final offer maintained their demands to eliminate post-retirement benefits and end the defined benefit pension plan for six employees; all but one of whom are approaching retirement. The employer's offer failed to address other important issues such as: consistent paid holidays for all employees; pro-rated sick leave for part-time employees; fair, consistent, equitable and appropriate classifications and wages for all employees.
Image with caption: "COPE Ontario (CNW Group/COPE Ontario)". Image available at: http://photos.newswire.ca/images/download/20140218_C4484_PHOTO_EN_36774.jpg
SOURCE: COPE Ontario
For further information:
Patty Clancy at 416-703-8515, ext. 229 or [email protected]