About 61% of the 1,600 union employees at Hudson Bay Mining & Smelting’s (TSE) Flin Flon and Snow Lake operations in Manitoba recently voted in favor of a new 3-year wage contract. While the previous contract expired Sept. 30, representatives of the United Steelworkers of American and the Association of Flin Flon Trade Unions continued to bargain without calling a strike.
Upon ratification, the new deal offered employees a $500 signing bonus, and a $750 lump sum at the end of the first year. It also includes a 9.1% wage increase in year one, 4.9% in the second year and 4.6% in year three.
In the final quarter of year three, a cost of living allowance is automatically triggered once inflation has reached 5%.
A special feature of the new agreement is a profit-sharing mechanism, available to both salaried as well as union employees. It is based on 10% of pretax profits.
The profit-sharing concept has been introduced at the expense of metal-price bonuses which are to be phased out by Oct. 1, the first anniversary of the new contract. Until then, Hudson Bay will continue to calculate both the profit sharing and metal-price bonus and award whichever is higher.
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