Machinists avoid strike at B.A. Banknote!
Ottawa, ON – Production of Canadian currency will continue uninterrupted following the ratification of a new collective agreement by members of IAMAW Local Lodge 412.
The thirteen members who oversee maintenance of printing equipment for the production of Canadian and foreign national currencies and security papers for B.A. Banknote International, were in a legal strike position.
The three-year agreement provides for wage increases of 2 per cent in each of the first two years and 2.5 per cent in the third year. Other agreement highlights include :
• Disciplinary reports are removed from an individual’s file after two years
• Call-in premium increased by 46 per cent
• Brother –in-law and Sister-in-law added as immediate relative in bereavement clause
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.
The thirteen members who oversee maintenance of printing equipment for the production of Canadian and foreign national currencies and security papers for B.A. Banknote International, were in a legal strike position.
The three-year agreement provides for wage increases of 2 per cent in each of the first two years and 2.5 per cent in the third year. Other agreement highlights include :
• Disciplinary reports are removed from an individual’s file after two years
• Call-in premium increased by 46 per cent
• Brother –in-law and Sister-in-law added as immediate relative in bereavement clause
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.
