Friday, October 24th2.1°C
23888
22501

ArcelorMittal locks out workers at Quebec plant in labour dispute

CONTRECOEUR, Que. - Employees of ArcelorMittal Montreal have been locked out by the global steel giant after they rejected the company's last contract offer.

The company said in a statement Thursday it was "forced" to take the action.

Fifty-two per cent of 262 workers present voted against the contract Wednesday night, saying they objected in particular to proposed changes to the company pension plan.

The employees, who work in Contrecoeur, northeast of Montreal, also insisted the wage increases being offered were insufficient.

The company locked them out shortly afterward.

ArcelorMittal said it offered employees a 13 per cent wage increase over five years. Acceptance of the offer would have raised the average annual salary to $68,000, it added.

Union spokesman Guy Gaudette said he was surprised by the lockout because the two sides had been involved in a recent negotiating blitz with a mediator.

The union had also not exercised its strike mandate.

Gaudette says ArcelorMittal wanted to move from a fully funded pension plan to a defined contribution plan for younger workers and future employees.

While the company would take care of the contributions in both cases, the pension amount for employees in the new plan would depend on its performance over the years.

Gaudette said that would make it more difficult for young workers to plan for retirement.

The company also deplored acts of vandalism it said took place after the lockout started.

"These regrettable and unacceptable acts have jeopardized the safety of the people present and caused significant material damage," the company said in its statement.

The 300 unionized workers have been without a contract since July 31. The company makes leaf springs and steel frames for the auto and construction industries.

The Canadian Press


Read more Business News

22625


Recent Trending




Today's Market
S&P TSX14486.83+174.76
S&P CDNX808.600.60
DJIA16677.90216.58
Nasdaq4452.792+69.945
S&P 5001950.82+23.71
CDN Dollar0.8913+0.0009
Gold1232.60+3.50
Oil80.99-0.76
Lumber334.10+4.50
Natural Gas3.601-0.021

 
Okanagan Companies
Pacific Safety0.11-0.01
Knighthawk0.01-0.005
QHR Technologies Inc1.17+0.02
Cantex0.0550.00
Anavex Life Sciences0.1980.00
Metalex Ventures0.04-0.01
Russel Metals33.16+0.63
Copper Mountain Mining2.08-0.02
Colorado Resources0.14-0.005
ReliaBrand Inc0.013+0.001
Sunrise Resources Ltd0.05-0.01
Mission Ready Services0.41+0.005

 





FEATURED Property
20875101484 Lynwood Avenue
4 bedrooms 3 baths
$474,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Weakening global growth worries

The Big Picture Growth worries persist Worries about weakening global growth and its potential impact on the US economic recovery roiled markets around the globe this week. Europe continues to be the ...


Keep it rubber side down

This time of year, I always worry about which friends of mine will get caught going off the road in adverse weather conditions. With a little preparation most accidents can be avoided. Having won the...


Big bank predicts rate hike

Photo: Thinkstock.comThe end of record-low rates is nigh, according to one major bank, which has taken a stance and predicted when the Bank of Canada will raise its long-standing overnight rate. &ldq...

_








Member of BC Press Council


22771