Wednesday September 25, 2013
For Immediate Release
Peterborough, ON – Members of IAM Local Lodge 905 have ratified a new collective agreement with Safran Electronics Canada Inc.
“This is a good agreement across the board for all of our members, considering the new benefit improvements that are in addition to the GWI,” explained IAM Grand Lodge Representative Bill Shipman.
The four-year deal provides wage increases of 2 per cent in each of the first three years and 2.25 per cent in the fourth year. Other agreement highlights include :
• An additional week of vacation after 20 years of service
• Orthodontics coverage $1000.00 lifetime employee & dependents under 20 years of age.
• Major restorative dental coverage at 50% to $1000.00/yr.
• Pay progression for new hires shortened to 2 years from 3 years.
Safran Electronics Canada Incorporated develops, produces and supports embedded computers and systems for aerospace and defense applications.
-30-
For further information:
Bill Shipman – IAM Grand Lodge Representative
705-799-2889/705-875-7206
Bill Trbovich – IAM Director of Communications
416-386-1789 Ext #6331/416-735-9765