Steelworkers vote tonight on proposed new contract with Vale –

fr24news– Workers would get 4% increase over five years and $ 2,500 in recognition of work from last year

Members of the United Steelworkers Locals 6500 and 6200 bargaining committee “unanimously recommend” that its members accept the new agreement with Vale Ltd. Canada.The union said in a statement posted on its website that the negotiations were “extremely difficult”.

Phone calls seeking the union’s comments were not returned.

Membership meetings were held today to review the tentative agreement, with the vote taking place between 2 p.m. and 11 p.m.

If accepted, the five-year contract expires on May 31, 2026.

Details of the offer were also posted on the Steelworkers website.

As part of the negotiated deal, union members will benefit from a 4% increase in standard hourly rates over the term of the contract with 0.5% in 2021 and 2022, then 1% in 2023, 2024 and 2025.

Members will also receive a one-time payment of $ 2,500 in recognition of continued efforts over the past year.

In addition, members are offered a one-time signing bonus of $ 3,500.

Other key elements of the new contract include changes to pension benefits, pension plan and health care, to name a few.

In terms of concessions for union members, the new agreement would eliminate coverage for over-the-counter drugs, excluding life-sustaining drugs and eligibility for early retirement benefits for all insurances, services. health and hospital services for employees hired on or after June 1, 2021.

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