Machinists Ratify New Deal with Kromet International
Wednesday November 4, 2015
Cambridge, On – Members of IAM Local Lodge 2707 have ratified a new collective agreement with Kromet International.
The three-year agreement provides wage increases of 1.5 per cent in the first year and 2 per cent in the second and third year respectively. A key component to the agreement is the five per cent increase to the IAM pension plan in year two and 15 per cent in year three.
Other agreement highlights include :
- Increases in most areas of the benefit plan
- Increased paid vacation
- Several positive language changes
The 110 members manufacture handles for the Canadian appliance industry.
