Canadian Bank Note Signs New Deal with Machinists!
Ottawa, ON – The people at Canadian Bank Note responsible for technical maintenance and performance of the high end printing equipment critical to the production of Canadian paper currency and security papers have a new four-year collective agreement.
“With the wage adjustment won upon ratification of this agreement, this is a great deal for our members and they’re very pleased with it,” said a gratified Bill Shipman, IAMAW Grand Lodge Representative.
The four-year agreement provides for a $1.40 per hour increase upon ratification, a wage increase of 2 per cent in the first year retroactive to January 1, 2011, and wage increases of 2.5 per cent in the second year, 2 per cent in the third year and 2.5 per cent in the fourth year.
The 11 members of IAMAW Local Lodge 412 also maintain and monitor the performance of equipment which produces national paper currency under contract for nations which do not having currency printing capability.
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.
“With the wage adjustment won upon ratification of this agreement, this is a great deal for our members and they’re very pleased with it,” said a gratified Bill Shipman, IAMAW Grand Lodge Representative.
The four-year agreement provides for a $1.40 per hour increase upon ratification, a wage increase of 2 per cent in the first year retroactive to January 1, 2011, and wage increases of 2.5 per cent in the second year, 2 per cent in the third year and 2.5 per cent in the fourth year.
The 11 members of IAMAW Local Lodge 412 also maintain and monitor the performance of equipment which produces national paper currency under contract for nations which do not having currency printing capability.
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.
