USW membership at KSCU ratifies new agreement

United Steel Workers and Kootenay Savings Credit Union have now ratified an agreement ending the labour dispute.

  • Nov. 26, 2016 8:00 a.m.

The following press release was issued by the USW Saturday afternoon:

Following 12 months of bargaining and a 27-day labour dispute, the unionized staff at Kootenay Savings Credit Union have ratified a new 4-year collective agreement by a majority vote of the 110 USW members at KSCU.

The ratification vote ends a contentious month-long dispute that began October 28 when the employer locked-out their employees. The ratified agreement contains wage and benefit improvements for the USW members but more importantly, shores up the protective pension language in the collective agreement while also providing some certainty for the employer by capping their liability.

“We returned to the table on Tuesday and the employer came back with a clear change in the approach to resolving the pension issue,” said Dean Lott, USW Staff Rep and lead negotiator for the union. “Their offer of a minimum annual contribution of $200,000 to cover any potential shortfall if pension changes were made gave our members comfort that their pension level would be protected while at the same time giving the employer certainty in their liability.”

“That’s if there are any changes made to the pension plan. If there isn’t, there’s no impact on the employer or our members.”

With provincial mediator Dave Schaub’s assistance, once the pension issue was agreed-to late Tuesday night, the other outstanding issues fell into place on Wednesday. At two ratification meetings in Trail and Kimberley on Friday, the new agreement was ratified, ending the dispute.

Details of the new agreement include:

$1000 lump sum in year 1; $1000 lump sum in year 2; 1.5% wage increase in year 3 and 2% in year 4;

4-year agreement expiring Dec. 31, 2019;

Resolution of the pension protection language issue

Improved eyewear benefit to $300/annually

Increased heath care spending account to $500/annually

Increased paramedical benefits from $200 to $500 annually but capping massage to $500 annually

Improved staff banking benefits

No change to hours of work

Return of third floater for full-time employees lost with the declaration of BC Family Day in 2013

The United Steelworkers (USW) Local 9705 (Trail) and USW Local 1-405 (Cranbrook) represent 110 employees at KSCU branches and offices in Trail, Fruitvale, Castlegar, Salmo, South Slocan, Kaslo and Kimberley.

 

Just Posted

Trail cannabis shop gets green light from province

The Higher Path hopes to open doors in next couple of weeks

Man spotted with shotgun in East Trail leads to weapons discovery

RCMP recover numerous weapons and stolen items after search on Fifth Ave.

Butterflies for Rossland brother and sister duo heading to world ski championships

Remi and Jasmine Drolet will represent Canada in Finland

Fans egg-static Humpty statue staying in Castlegar

Local business donation ensures well-loved statue will remain in place

VIDEO: Car flies across median, flips over edge of B.C. overpass

Dash cam footage shows vehicle speeding across Brunette Avenue overpass in Coquitlam

Indigenous energy summit includes session on pipeline ownership options

Steven Saddleback of the Indian Resource Council says a session will feature presentations on financing models

Japanese grand champion Kisenosato retires from sumo

The 32-year-old Kisenosato was the first Japanese-born wrestler in 19 years to gain promotion to sumo’s highest rank

UPDATE: Accused B.C. high school killer found fit to stand trial

Gabriel Klein is accused in the 2016 stabbing death of Letisha Reimer at Abbotsford Senior Secondary

Right-wing, neo-Nazi, white supremacist groups an increasing concern: Goodale

Ten people died in April 2018 when Alek Minassian allegedly drove a rental van down the busy stretch in Toronto

Canadian stock exchanges to conduct lottery for ‘POT’ ticker amid high demand

The symbol became available after fertilizer Potash Corp. officially merged with Agrium Inc. in early 2018

Millennial Money: Don’t let Instagram envy get you into debt

A full 48 per cent of U.S. households have credit card debt

Jury debates fate of man accused of killing 12-year-old B.C. girl 40 years ago

Police allege Garry Handlen told a cop how he abducted, sexually assaulted and strangled Monica Jack in May 1978

Most Read