Workers at Purolator have voted 92 per cent in favour of the tentative agreement reached between their union and the company in November 2011.
The 8,800 workers will receive a wage increase of 16 per cent over the five-year agreement and the pension plan will increase by 22 per cent, according to the Teamsters Union.
"The wage package and pension improvements, as well as all the other gains, were key highlights to this agreement,” said the chairman of the union’s bargaining committee. “I also believe that our bargaining strategy played a major role in helping us achieve such a successful and outstanding agreement."
The union also says that the retirement allowance will be increased by 40 per cent.
“We are extremely pleased with the ratification of the agreement between Purolator and the Teamsters' Union and the strength of the vote", said Purolator president and CEO Tom Schmitt. "This long-term agreement demonstrates the strength of our relationship with our unionized teammates and marks an important step forward for our company and customers.”
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