Geo Tech Shows that Cola Can Pay!
October 20, 2010
For Immediate Release
Crofton, BC Our members at Geo Tech Industries have relied on uncapped Cost Of Living Allowance (COLA) clauses for the majority of their wage increases for many contracts and this latest agreement was no exception, explains IAMAW District Lodge 250 Business Representative Alastair Haythornthwaite.
Starting with an immediate 1.25 per cent increase, members of IAMAW Local Lodge 456 will get COLA increases every six months. In truth, the COLA increases were modest during the last Collective Agreement due to a period of deflation in late 2008 and early 2009, said Haythornthwaite. But as every increase is locked in once received, the wages have remained healthy.
Other agreement highlights include:
Provisions to require a Lead Hand for every shift
Restore severance pay denied by changes to the Employment Standards Act
The ten members manufacture and fabricate metal components for Canadian industry.
IAMAW, among the largest industrial trade unions in North America, represents more than 700,000 active and retired members, and administers more than 5,000 contracts in transportation, woodworking, aerospace, manufacturing and defense related industries.
-30-For more information contact
IAMAW Diatrict Lodge 250
Cell: 250-889-8903Click here to view our Sources Listing: