- General wage increases will work like this: 10 percent in year one, 2 percent in year two and 3 percent in year three.
- A reactivation of the cost-of-living allowance, or COLA, in December 2024.
- Workers’ wage progression gets reduced from eight years down to four years.
- The start rate for temporary part-time and production workers increases from C$24.26 ($17.86 USD at the current exchange rate) to C$29.67 ($21.84 USD) and hour, further increasing to C$30.26 within 12 months, and C$31.16 by the end of the agreement.
- The conversion of all full-time temporary workers with at least one year of seniority at ratification to permanent status.
- Improvements to all pension plans, though the amount wasn’t disclosed.
- Mandatory company contributions to the defined contribution plan increase from 4 percent to 7 percent. The union said defined contribution plan members “will transition to a new defined benefits style pension for current plan members and all new hires on January 1, 2025.”
- A new quarterly payment “unique to Canadian retirees, called the Universal Health Care Allowance.” These quarterly payments will continue in each year of the three-year agreement, the union said.
- Two new additional paid holidays: Family Day and National Day for Truth and Reconciliation.
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