New Agreement Ratified at GE Canada
March 11, 2010, 11:00 AM EST
CAW members at GE Canada have voted 85 per cent in favour of a new three year collective agreement that provides wage, benefit and pension improvements.
In addition, the agreement calls for $100 million in new investment at GE in Peterborough over the next five years.
Jerry Dias, assistant to the CAW President, said "this is an important agreement not only for our members, but also for the entire community of Peterborough. It helps to ensure greater security for workers and a stronger future for GE facilities in this community for years to come," Dias said.
The agreement provides for wage increases of 5.5 per cent including COLA over the next three years.
It also provides pension gains and improvements in extended medical coverage such as hearing aids and paramedical coverage. The current drug plan was maintained. Layoff and recall language was improved.
CAW Locals 524, 252, and 2228 represent GE workers in Peterborough, Toronto, Burlington and Arnprior, Ontario. The workers produce nuclear fuel rods and also manufacture and repair large electric motors. The CAW represents approximately 750 GE workers.