Both agreements provided for a one-year wage freeze in recognition of difficult market conditions, but two percent wage increases for the rest of the corresponding five-year contracts. Teck also announced that unionized workers at the Fording River and Elkview steel mills in British Columbia have ratified new five-year collective agreements that expire on April 30, 2021 and October 31, 2020. As a result of the new collective agreements, Teck expects a one-time after-tax income expense of approximately $35 million in the fourth quarter. Teck Resources announced that employees at Elkview and Fording River operations have ratified new five-year collective agreements. The agreements involve approximately 770 unionized employees of Elkview, represented by United Steelworkers Local 9346 and another 920 unionized employees in Fording River, represented by United Steelworkers Local 7884. „Our younger members are looking for training opportunities to secure the future of their families and our older members want to make sure they can retire with dignity,“ Liddle said. „We have improved our collective agreement by maintaining a number of improvements. This solidarity will be necessary to protect and build these achievements. The Committee is focused on putting in place an agreement that promotes and maintains a healthy lifestyle that protects our members, families and communities. The union asked the company to start negotiations in October on this article. „Despite the global uncertainty amid COVID-19, our union has worked to ensure that this mine can operate safely and that production and profitability are maintained,“ added Mr. Liddle. „A fair deal would allow us to build our communities and build shared prosperity from the public resources we are dismantling.“ It was the first time that the largest inhabitants of the Elk Valley worked together to reach an agreement.
Vancouver, B.C. – Teck Resources Limited (TSX: TECK. A and TECK. B, NYSE: TECK („Teck“) announced today that the Teck Carmen de Andacollo union, which represents 473 employees of Teck Carmen de Andacollo Operations (CdA) in Chile, has ratified a new 36-month collective agreement. The benefits of the agreement will enter into force on 5 December 2019 and CoA`s activities have resumed. In a Dec. 12, Dec. 1 statement, the USW said that 78.9 percent of Elkview employees voted in favor of the deal more than a year after their contract expired on Nov.
1, 2015. The United Steelworkers (USW) represent three of Teck`s five Elk Valley mines.