Monday September 23, 2013
For Immediate Release
Surrey, BC – Solid wage increases highlight the latest IAM collective agreement with Carmanah Industries.
The four-year agreement provides wage increases of 2.5 per cent in the first year, 2 per cent in the second and third year and 2.5 per cent in the fourth year. Other agreement highlights include :
• $200 lump sum payment to each members pension plan in the first year
• Ten cents an hour increase to the pension plan contributions in the second, third and fourth year
• Family Day added to statutory holidays
• Benefit improvements
• Harassment language improvements
The 23 members of IAM Local Lodge 692 service, overhaul, repair, refurbish and fabricate equipment for the panel and engineered wood products, pulp and paper and sawmill industries.
Carmanah Industries is a world leader in stranding technology and equipment for the production of wood-based panels. The company is also a major service centre for pulp and paper equipment repair and refurbishment.
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For further information:
Paul Pelletreau – IAM District Lodge 250 Business Representative
604-513-3883/604-839-6309
Bill Trbovich – IAM Director of Communications
416-386-1789 Ext #5331/416-735-9765