Canfor Deal Ratified

Wednesday, March 10, 2010

Canfor now confirms it's earlier reported tentative four year contract agreement with the United Steel Workers Union has been ratified by a majority of the union's members.

 

With an expiration date of June 30th, 2013, it impacts 14 BC operations and about 2,300 Canfor employees.

As reported earlier this week the union website states the deal includes unprecedented seniorty protection, better severance pay and a two percent wage increase in the third and fourth years.

However U-S-W Wood Council Chair Bob Matters, says the deal is as much a victory for the company as it is for the union...

The union has also indicated the deal will now be presented to other forestry companies, as a blueprint for new agreements with them.