Friday December 6, 2013
For Immediate Release
Markham, ON – Members of IAM Local Lodge 901 have ratified a new collective agreement with SKF Canada Limited.
The three-year agreement provides a wage increase of 1.75 per cent in the first year retroactive to June 30, 2013 and wage increases of 2 per cent in the second and third year respectively.
Other agreement highlights include :
• Substantial improvement to defined benefit pension plan
• Improvements to health services spending accounts
• Increased personal time
• Improvements to Lead Hand and Group Leader premiums
• Life insurance premiums for retirees improved
• Improved contract language
The 23 members consist of warehouse personnel, machinists and general utility workers. SKF is the world’s largest manufacturer of roller bearings.
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For further information:
Jim Snider – IAM District Lodge 78 Business Representative
416-225-9003/613-919-2008
Bill Trbovich – IAM Director of Communications
416-386-1789 Ext #6331/416-735-9765
