Friday September 6, 2013
For Immediate Release
Prince George, BC – Members of IAM Local Lodge 692 have ratified a new three-year collective agreement with the Timken Company.
The new agreement provides wage increases of 2 per cent in each year as well as a $1.00/hour wage top-up for every classification up to and including C and CNC1, in the first year. Other agreement highlights include :
• Option to participate in the LL 692 pension plan or remain with RRSP’s
• Increased Boot allowance
• Bereavement leave increased to five days
• Family Day including in agreement as stat holiday
• Severance Pay in case of permanent plant closure now one week to a maximum of 20 weeks for 20 years of service
“We also removed all references in the agreement to the ‘Tuesday to Saturday’ work week,” explained IAM District 250 Business Representative Dale Gentile. “The company had the option of either a Monday to Friday or Tuesday to Saturday work week. Our members felt very strongly about having Saturday and Sunday weekends off and now they have it.”
Timken engineers, manufactures and markets mechanical components and high-performance steel for world markets. The 25 members at the Prince George facility, one of 63 Timken plants worldwide, manufacture housed bearings for use in aerospace, automotive, industrial equipment, power generation, heavy industry, and machine tool and rail sectors.
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For further information:
Dale Gentile – IAM District Lodge 250 Business Representative
604-513-3883/604-315-3513
Bill Trbovich – IAM Director of Communications
416-386-1789 Ext# 6331/416-735-9765