Machinists Ratify New Deal with Canadian Bank Note
Thursday June 4, 2015
For Immediate Release
Ottawa, ON – The members of IAM Local Lodge 412 have overwhelmingly ratified a new collective agreement with Canadian Bank Note.
The six-year agreement provides wage increases of 2.5 per cent in the first year retroactive to January 1, 2015, 2 per cent in years 2,3,4 and 5 respectively and 2.5 per cent in the sixth year. Other agreement highlights include :
• Annual vacation improvements
• Short term Disability Benefit improvements
• Safety footwear increased to $240.00 every two years
• One time safety footwear allowance for Gladstone Work Site of $125.00
• Improved job security language
The forty members overhaul, maintain and repair machinery used in the manufacturing of security printed products for the Canadian government such as currency, stamps and passports.
-30-
For further information:
Gary Hynes – IAM Grand Lodge Representative
416-225-9003/416-579-0773
Bill Trbovich – IAM Director of Communications
416-386-1789 Ext #6331/416-735-9765
