Kootenay Savings ratifies deal with staff
Ed Note: the folllowing is a press release issued by the United Steelworkers Union.
The United Steelworkers Locals 9705 and 1-405 and Kootenay Savings Credit Union are pleased to announce they have ratied the agreement reached on the renewal of their collective agreement, which expired on Dec. 31, 2010, for their unionized East and West Kootenay locations. Both parties unanimously recommended acceptance of the package deal and the employees voted 95 per cent in favour.
The agreement calls for a ve year deal with increases in each year that average 3.25 per cent over the five years, and also includes improvements in some benefits, a retirement allowance and improved contract language. The employees will also receive a $500 signing bonus this year.
Chuck Macklon, president of USW Local 9705 commented, “This round of bargaining focused on compensation for changes made to the employees’ pension plan. We feel this agreement addresses that issue adequately and
provides a stable work environment for the next five years.”
Brent Tremblay, President and CEO of Kootenay Savings remarked, “We are all very pleased to have reached an agreement that is acceptable to both parties. Throughout the negotiations our employees remained committed to
delivering on our service mission of ‘improving each member’s nancial life’. With this long term agreement in place we can continue our focus on member and employee satisfaction.”