MEDIA RELEASE PR38985
Vale Inco reaches new collective agreement with USW Local 2020-005
SUDBURY, Mar. 31 /CNW-AsiaNet/ --
Vale Inco is pleased to announce that USW Local 2020-005, representing Office,
Technical and Professional employees in the Sudbury Operations, has voted 84.5% in
favor of ratifying a new three-year collective agreement with the company in voting
that concluded today.
This agreement is effective from April 1, 2010 through to March 31, 2013
and includes increases to salaries in each of the three years, a Defined
Contribution pension plan for new employees, the introduction of an annual
incentive plan that supports the achievement of strategic objectives and
rewards performance; and various other improvements to collective agreement
language.
"I would like to acknowledge the hard work, dedication and
professionalism of both negotiating teams and their contributions to this
positive outcome for all concerned," said John Pollesel, Vice-President,
Production Services and Support, Canadian/UK Operations and General Manager
for Ontario Operations. "This result clearly demonstrates that our employees
understand the importance of working together to build a long-term,
sustainable future for our operations in Ontario."
SOURCE: Vale Inco Limited
CONTACT: Cory McPhee,
Vice-President,
Corporate Affairs,
Vale Inco Limited,
(416) 361-7669,
cory.mcphee(at)valeinco.com
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